STRATACACHE Purchases Oregon Factory to Develop MicroLED Displays
STRATACACHE, the parent company of Carmanah Signs, has purchased a 1.2 million square foot factory in Eugene, Oregon. The facility will be focused on developing and manufacturing microLED displays, the next generation in video display technology.
STRATACACHE is now performing mechanical upgrades and preparing to reroof the production area. Chris Riegel, CEO of STRATACACHE, expects to spend somewhere between $150 million and $350 million resurrecting the facility and adapting it for STRATACACHE’s technology. The company expects to start a pilot line in Eugene by summer of 2021, with more than 100 workers slowly ramping up production. STRATACACHE hopes to begin full manufacturing, with several hundred employees, sometime the following year.
The Oregonian recently sat down with Chris Riegel to discuss taking over the factory and plans for bringing cutting edge tech manufacturing to the US, creating hundreds of jobs for skilled workers and suppliers. See the full article here: https://www.oregonlive.com/silicon-forest/2020/07/ohio-company-plans-to-hire-several-hundred-to-restart-hynixs-shuttered-eugene-factory.html
ABOUT STRATACACHE & CARMANAH SIGNS
STRATACACHE delivers in-store retail experience transformation and exceptional customer journeys through a wide array of marketing technology. STRATACACHE powers the biggest digital networks for the world’s largest brands, with solutions that enable retailers to learn deeply about their customers' shopping preferences and behaviors, delivering targeted promotional or task-based messaging on any digital display.
Carmanah Signs, STRATACACHE’s global Lottery & Gaming Division, develops and delivers in-store marketing technologies including digital sign networks, interactive experiences, retail sensors, and innovative jackpot signs. Carmanah’s retail marketing technologies and data insights help lotteries and casinos transform the player journey, deepen player insights, boost brand equity, and increase sales.
Together, STRATACACHE and Carmanah Signs have over 3 million digital media devices and 155,000 wireless jackpot signs at retailers around the world, serving 55+ lottery jurisdictions and 700+ casinos on four continents. As an associate member of five global lottery associations, and an ongoing sponsor and content contributor to numerous lottery industry events, Carmanah Signs is the only digital signage provider committed to the lottery industry at this level.