This is another great I2C Serial Interface. As the pin resources of Arduino controller is limited, your project may be not able to use normal LCD shield after connected with a certain quantity of sensors or SD card. However, with this I2C interface module, you will be able to realize data display via only 2 wires. If you already has I2C devices in your project, this LCD module actually cost no more resources at all. It is fantastic for Arduino based project.
PCF8514T IIC I2C Serial Interface Adapter Module IIC I2C LCD Module that converts I2C serial data to parallel data for the LCD display.
These modules are currently supplied with a default I2C address of either 0x27 or 0x3F. To determine which version you have check the black I2C adaptor board on the underside of the module. If there a 3 sets of pads labelled A0, A1, & A2 then the default address will be 0x3F. If there are no pads the default address will be 0x27.
The module has a contrast adjustment pot on the underside of the display. This may require adjusting for the screen to display text correctly.