It took millions of years for moths to evolve this survival feature: Eyes riddled with microscopic ridges that help them navigate the dark and evade predators. In less than a year, a technology inspired by the same nature’s miracle proffered a lifeline to one struggling Japanese smartphone supplier.
Geomatec Co, which manufactures thin films used in phone and tablet touchscreens, is going through tough times. Over the past few years, sales to its biggest customers Japan Display Inc and Sharp Corp have halved as domestic panel makers ceded market share to Asian rivals. Then there’s the one-two punch of a slump in global smartphone demand and the industry’s shift away from liquid crystal displays to next-generation screens, chief executive officer Kentaro Matsuzaki said in an interview.