LG and Samsung back Cynora with €25 million investment

September 14, 2017 //By Julien Happich
LG and Samsung back Cynora with €25 million investment
A developer of organic emitting materials for OLED displays based on TADF (Thermally Activated Delayed Fluorescence) technology, German company Cynora received the backing support of two prominent Korean OLED display manufacturers, LG and Samsung.

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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