Samsung invests in LED innovator Novaled

LightingNewsSouth-East European INDUSTRIAL Мarket - issue 2/2011

Samsung Venture Investment Corporation (SVIC) has invested an undisclosed amount into organic electronics technology company Novaled AG of Dresden. Novaled owns significant expertise in the development of power-efficient OLED technologies for general lighting applications. The company is a key player in OLED technology and organic materials surrounding the emitting materials. Recently the company announced the development of highly efficient PIN OLED technology which also features a very high service lifetime of 100.000 operating hours. This development will bring OLED technology much closer to product maturity.
Neither company elaborated on the amount of the current investment. “Our investment in Novaled is consistent with our strategy to work closely with established market leaders.” says Michael Pachos, Senior Investment Manager at SVIC. “Novaled is a technology leader and has built a significant business in the OLED space. The company has demonstrated both a technical and business vision in driving adoption of OLED displays and lighting and we look forward to contributing to the progress of Novaled.” Novaled CEO Gildas Sorin added that SVICs investment will reinforce Novaled’s market position. SVIC is the venture capital arm of Korean electronics giant Samsung.
“SVIC’s investment confirms the importance of our technology and our specific materials for the OLED industry. Samsung’s shareholding will reinforce our leading position and help serve all our customers better.” says Gildas Sorin, Novaled Chief Executive Officer.