LG and Samsung back Cynora with €25 million investment
The two tech giants will invest €25 million in a Series-B round to support the German startup in the development of a portfolio of organic emitting materials for AMOLED displays that covers the full range of colours.
Last May at SID 2017, Cynora had presented high-efficiency blue emitters with a performance very close to the requirements of the panel makers. Using TADF technology, the company has achieved 15% External Quantum Efficiency at 1000 cd/m² with an emission peak at just under 470nm and a LT97 of over 90 hours (at 700 cd/m²) on a device level.
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.
Both LG Display and Samsung Display will pursue separate joint developments to advance Cynora’s R&D and its IP portfolio.
Cynora’s CEO Gildas Sorin expects to commercialize the company’s first blue product by the end of 2017, followed by green and red.
Cynora – www.cynora.com
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