LG and Samsung Invest €25 Million in CYNORA’s OLED Material Development

Quotes/ Perspectives from LEDinside: 
So, the Korean display makers set off to seek advanced materials that help make better quality OLED displays. Cynora’s new blue emitter can achieve a 15% EQE at 1000 cd/m² with an emission peak at < 470 nm and a LT97 of > 90 hours (at 700 cd/m²) on a device level. It sounds like the competency gap between Korean and Chinese firms will widen. Once LGD’s product quality meets Apple’s standard, the iPhone maker could have more OLED supply at its disposal. If the manufacturing also improves- less waste of raw organic materials and higher reliability in the deposition process, we might see more OLED display smartphones and TVs coming.

CYNORA, a Germany-based provider of highly efficient organic emitter materials for OLEDs, announced that the two Korean tech giants have decided to support CYNORA on its way to becoming a major player for OLED emitting materials.

(Image: CYNORA)

CYNORA is developing a new type of organic emitting materials for OLED displays based on TADF (Thermally Activated Delayed Fluorescence) technology. With this technology, CYNORA will be able to commercialize the first high-efficiency blue emitting material on the market, which is the most sought-after material by OLED display makers. High-performance blue materials will enable a significant reduction of power consumption and allow higher display resolution.

LG Display and Samsung Venture Investment Corporation (“Samsung Ventures”) have decided to invest €25 million in a Series-B round to support the German company in the development of a portfolio of organic emitting materials for AMOLED displays that covers the full range of colors. The new shareholders will join the existing investors MIG, Wecken & Cie and KfW, who have strongly supported CYNORA’s growth in the last few years. CYNORA has worked closely with LG Display and Samsung during the last months to prepare this strategic investment.

LG Display and Samsung Display, both major companies in display technologies, will engage each with CYNORA via this investment and separate joint developments to advance CYNORA´s R&D and its IP portfolio. The investment will lay the groundwork for enabling commercialization of advanced display technologies.

“I am delighted to welcome LG Display and Samsung Ventures as CYNORA’s shareholders” says Gildas Sorin, CYNORA’s CEO “This investment confirms that our materials are highly attractive for the OLED display industry. 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.”

Growing use of AMOLED panels in premium TVs and smartphones will drive the OLED panel market to reach $75 billion, with a CAGR of 31%, in sales by 2021 (UBI Research, 2017).

Disclaimers of Warranties
1. The website does not warrant the following:
1.1 The services from the website meets your requirement;
1.2 The accuracy, completeness, or timeliness of the service;
1.3 The accuracy, reliability of conclusions drawn from using the service;
1.4 The accuracy, completeness, or timeliness, or security of any information that you download from the website
2. The services provided by the website is intended for your reference only. The website shall be not be responsible for investment decisions, damages, or other losses resulting from use of the website or the information contained therein<
Proprietary Rights
You may not reproduce, modify, create derivative works from, display, perform, publish, distribute, disseminate, broadcast or circulate to any third party, any materials contained on the services without the express prior written consent of the website or its legal owner.

Tokushima, Japan - 6 March 2024: Nichia, the world's largest LED manufacturer and inventor of the high-brightness blue and white LED, has started mass production of the new UV-B (308nm) and UV-A (330nm) LEDs in its popular 434 Series packa... READ MORE

New XLamp® S Line LEDs enhance growth, last longer, lower energy costs Horticulture and other forms of agricultural lighting require application-tuned ratios of spectral content, high efficacy and long lifetimes. Whether you are interested... READ MORE