Mirae Nano Tech (english website) declared in a recent press release that it would be launching three new areas of business – retro-reflective film, GEF, and window film. Mirae Nano has specialized in display component materials like optical films used in TV’s, monitors, and laptop computer screens. Having risen from 1% market share in 2005 to 30% market share in 2010 and #1 in the world, this company is a true growth story.
Not Mirae Nano is looking to extend to other product areas including our window film segment. It will be interesting to follow what types of new products emerge from this world-class manufacturer as they handle the challenges of the window film market.
A nice investor presentation and company overview for Mirae Nano is available in their investor relations pages.