Samsung Becomes Shareholder of Novaled

Samsung Venture Investment (SVIC), the venture capital division of Samsung Electronics, has become a shareholder in the German OLED Company, Novaled. Further details of the transaction have not been provided.

Novaled specialises in providing high performance long lasting OLED structures and is responsible for the development of the PIN OLED technology. The company is also responsible for the development of the OLED materials that are required for the technology and developing OLED products and services. The company has collaborations and partnerships with prominent manufacturers of OLED in the field of display and lighting. It also has a total of 400 pending and granted patents, and was named as the No 1 company in the list of “up and coming “global market leaders released by Germany- based newspapers, Handelsblatt and Wirtschaftswoche.

According to Gildas Sorin, CEO, Novaled SVIC’s investment into the company proves the significance of its PIN OLED technology and will also ensure the company’s leading position in the market. The PIN OLED technology focuses lower power consumption and stable lifetimes. OLEDs, which are light emitting semiconductors that are made from organic materials measuring a few nanometers in thickness offer the potential to be used in various lighting applications. OLEDs can also be combined with shape and colour to give a new dimension and surrounding to regular light.