LAKE MARY, Fla., Sept. 30, 2015 (GLOBE NEWSWIRE) -- Fonon Corporation’s (OTC:FNON) (“Fonon”) patented Zero-Width Laser Cutting Technology (ZWLCT) has no peer in the glass cutting industry. A mature technology that separates brittle material at the molecular level providing zero yield loss, zero kerf width, highest edge quality and fastest processing speeds compared to all other conventional technologies with no post grinding or polishing required. ZWLCT was first licensed to Motherglass foundries a decade ago as the technology of choice for Gen3 - Gen10 glass cutting and has since expanded into multiple market applications. Fonon recently acquired the rights to ZWLCT with its recent acquisition of FTL, LLC.
According to Future Market Insights, increasing demand for smart phones, higher-quality TV, and automotive monitors lead the Flat Panel Display applications forecasting a market grow of $135B USD by 2020. Growth of flat panel display market across the globe is driven by factors, such as high rate of technology adoption, increasing demand for big size displays, developing consumer electronics market, and increasing investment on R&D by flat panel display manufacturers.
The key players in Flat Panel Display Manufacturing have shifted to Asia lead by Panasonic, Sony, LG Display, Samsung, Sharp, Japan Display, Innolux, Emerging Display Technologies, Universal Display and AU Optronics who are forecasted to dominate the market moving forward.
To view the ZWLCT™ SEM Test report click here
View Fonon Corporation’s ZWLCT Market Report here
View the Future Market Insights market report here
About Fonon Corporation
Fonon Corporation is the recognized leader of industrial-grade 3D Additive and Subtractive laser-based material processing systems. Our systems are used world-wide in the semiconductor, flat panel display, automotive, aerospace, industrial, defense, electronic and medical industries with a portfolio of intellectual property, knowhow & inventions placing our company in the unique position to offer both standard 3D material processing systems or our specialty of tooling 3D laser-based transforming systems designed around the unique applications of our customers.
To learn more about Fonon Corporation, visit: http://fonon.us
Notice Regarding Forward-Looking Statements:
NOTE: This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 involving risks and uncertainties. Results, events and performances could vary from those contemplated. These statements involve risks and uncertainties which may cause results, expressed or implied, to differ from predicted outcomes. Risks and uncertainties include but are not limited to product demand, market competition and the company’s ability to meet current and future plans. Investors should study and understand all risks before making an investment decision. Readers are recommended not to place undue reliance on forward-looking statements or information. Fonon is not obligated to publicly release revisions to any forward-looking statement, to reflect events or circumstances afterward, or to disclose unanticipated occurrences except as required under applicable law.
CONTACT INFORMATION Rob Anthony Investor Relations 407-477-5618 x1010