LG and Samsung Invest €25 million in CYNORA

10/27/2017 9:33 AM 

CYNORA, a developer of organic emitting materials for OLED displays based on thermally activated delayed fluorescence (TADF) technology, recently announced that LG Display and Samsung Venture Investment Corp. were investing a combined €25 million in a Series-B round to support the German company in the development of a full-color portfolio of organic-emitting materials for AMOLED displays. (This is not the first time both display powerhouses have invested in the same TADF technology; in 2016, both companies, as well as Japan Display/JOLED and several Japanese venture capital funds, participated in a $13.5 million Series A round of funding for TADF developer Kyulux. ) Going forward with Cynora, LG and Samsung will establish separate development efforts to assist with CYNORAs R&D, according to OLED-info.

With its TADF technology, CYNORA claims it will be able to commercialize the first high-efficiency blue-emitting material on the market. Blue is currently an elusive and sought-after material among OLED display makers. High-performance blue materials will enable a significant reduction of power consumption and allow higher display resolution.

According to Gildas Sorin, CYNORA’s CEO, these investments validate the importance of his company’s materials to the OLED display industry. Said Sorin in a press statement: “CYNORA will work in close collaboration with LG and Samsung to support their respective activities. The cash injection will also be used to strengthen our worldwide presence as a supplier of high-efficiency emitting materials. We will commercialize our first blue product by the end of 2017, followed by green and red.” (Information Display interviewed CYNORA CMO Andreas Haldi for the November/December 2016 issue.)

 

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