Wuhan Splendid Optronics Technology Co recently received a bank loan using its core patented technology as collateral.

Wuhan Rural Commercial Bank will provide a line of the credit of up to 100 million yuan, the highest amount of its kind nationwide.

The pledged patent is on carbon nano-tube technology for liquid crystal silicon displays. It was approved in 2009 by the China Patent Office and evaluated with a value of more than 700 million yuan.

The company will use the money to build facilities to make devices using the patented technology, according to the deputy general manager.

(Source: China Daily)