The Touch Screen Technology Industry Continues to Evolve

NEW YORK, October 19, 2017 /PRNewswire/ --

Multi-touch screens are an update to the single-touch screen technology, which allowed the user to choose a single point, move, click, and slide with a single finger or one touch stylus. The newer technology designed to distinguish between numerous touch inputs on a single screen and respond. According to data provided by Research and Markets the global multi-touch screen market was valued at $6 billion in 2016 and is projected to reach $16 billion by 2023 growing at a CAGR of 15.9% from 2017 to 2023. Atlas Technology International Inc. (OTC: ATLT), Sony Corp. (NYSE: SNE), AU Optronics Corp. (NYSE: AUO), LG Display Co., Ltd. (NYSE: LPL), 3M Company (NYSE: MMM).

Touchscreen technology is also used as an input device covering the electronic display of an information processing system. A user can give input for carrying out any task, with the help of a stylus or multiple fingers. A report by Grand View Research indicates that, "Scientific improvement has resulted in a significant shift from traditional large, slow and inaccurate resistance technology based single-touch to a high speed penetrating the multi-touch capacitive screen. Processing units can receive input and output through the human-computer interface using touchscreen technology. Many applications across the industries make use of touch screen in the day to day business."

Atlas Technology International Inc. (OTCQB: ATLT) on September 27th announced record revenues and earnings for its fourth fiscal quarter ended June 30, 2017. Atlas Technology reported, "$1,843,145 in revenues for its fourth quarter of Fiscal 2017 ended June 30, 2017, up 32% from $1,393,365 in revenues from its third fiscal quarter. Revenues once again outpaced the Company's previously announced guidance of $1.6-$1.8 million. The increase in revenues was primarily driven from new contracts from the Company's growing portfolio of blue-chip multinational companies as well as continued growth with its existing clientele. Gross margins expanded to just over 35% from 34% in the third fiscal quarter, due primarily to new revenue channels as well as overall economies of scale. The Company reported net income of $275,784 for its fourth fiscal quarter ended June 30, 2017, exceeding its previously announced guidance of $180,000-$200,000 and nearly three times earnings from the prior quarter. 

At June 30, 2017, Atlas Technology International had over $2.5 million in cash and accounts receivables, up significantly from both the year-ago quarter and sequentially from the third quarter of fiscal 2017. The Company continues to grow with virtually no long-term debt. The Company's fourth fiscal quarter represented its second consecutive quarter of positive operating cash flow, a significant improvement from a loss in the year-ago quarter."

"Our financial results for our fourth quarter and full year were outstanding for a company still in its infancy as a public company," said Matthew Tsai, Chief Executive Officer of Atlas Technology International, Inc. "As much as we would like to celebrate we, perhaps more than anybody else, realize how cutthroat the competition has become in this industry. As a result, we are seeing new and tougher challenges but at the same time the emergence of dozens of new and even larger and more lucrative opportunities than the industry has ever experienced. It is due to these opportunities that we decided to move our corporate headquarters to the United States and better position ourselves for the next wave of growth and expansion from both the industry and Atlas Technology."

"The touchscreen industry has grown to become the fastest-growing segment of the display market since Apple's launch of its iPhone in 2007. After all, it is quite evident that touchscreen technology, in one form or another, can be found today across a number of high-demanding consumer goods such as mobile phones, handheld games, game consoles, and tablet PC applications, which collectively is expected to account for more than $30 billion in touchscreen revenues this year, up from just $7 billion in 2010," continued Mr. Tsai.

Sony Corp. (NYSE: SNE) unlimited passion for technology, content and services, and relentless pursuit of innovation, drives the company to deliver ground-breaking new excitement and entertainment in ways that only Sony can. Earlier this year, in March, Sony displayed its Xperia Projector at the SXSW Interactive Festival.  With short-throw projection and state-of-the-art sensors, Xperia Projector will provide entirely new ways to communicate and interact. By displaying an interactive touch screen onto a flat surface, such as a wall or table, Xperia Projector concept creates a social and convenient way to communicate or enjoy shared experiences with friends and family.

AU Optronics Corp. (NYSE: AUO) participated in the Touch Taiwan 2017 from September 20th to 22nd, an exhibition that showcases products in 9 themes that shape future of display industry, fully presents new display technologies and complete industry chain. AUO's 6-inch full HD LTPS in-cell touch panel integrates the display driver IC and touch IC to simplify the overall module structure. The 18:9 full screen aspect ratio produces more space to accommodate a virtual HOME button, allowing for a boundless, audio-visual experience. Moreover, the in-cell touch technology allows for higher touch sensitivity and precision, and smartphones could become slimmer and lighter.

LG Display Co., Ltd. (NYSE: LPL) is the world's leading innovator of display technologies, including thin-film transistor liquid crystal (TFT-LCD) and OLED displays, as well as the global pioneer in OLED lightning. The company manufactures display panels in a broad range of sizes and specifications primarily for use in TVs, notebook computers, desktop monitors, and various other applications, including tablets and mobile devices. Earlier this year, the company announced that it will introduce the world's first 5.7-inch QHD+ LCD panel with a 18:9 aspect ratio, responding to growing consumer demand for bigger, better screens on smartphones. The company will supply the panel to LG Electronics for its next flagship smartphone this year. The new product not only provides excellent touch responses, thanks to the company's exclusive in-TOUCH technology, but also helps achieve a thinner and lighter smartphone due to the absence of Touch Cover Glass. The module (excluding the cover glass) is super slim, being less than 1mm thick, and has reduced bezel width by 0.2mm (20 percent) on top, and by 0.54mm (10 percent) on the left and right sides, compared to conventional QHD LCDs.

3M Company (NYSE: MMM) is a technology company. Fully integrated and designed for longevity, 3M™ Multi-touch Projected Capacitive (PCAP) Displays create truly interactive touchscreen experiences with ultra-fast multi-touch response. The company's advanced technology makes digital signage come alive with consumer-driven features and functionality. Expertly engineered for commercial applications, the company's displays provide the smartphone-like touch experience users expect from today's touchscreen devices.

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