Mattrix Technologies Announces $3M Series A Round; Investments from Samsung & JSR Corp.3 years ago
GAINESVILLE, Fla.--(BUSINESS WIRE)--Mattrix Technologies, a semiconductor device company developing breakthrough pixel architectures for flat-panel displays, has announced the company has closed its Series A financing round with $3 million in investment from Samsung Venture Investment Corporation (“Samsung Ventures”), the global investment arm of the Samsung Group, and JSR Corporation, a leading display materials supplier and innovator in global technology markets. The funding will be used to develop production-ready manufacturing processes and fabricate a fully-integrated display prototype based on Mattrix Technologies’ unique pixel architecture.
Max Lemaitre, Ph.D., Mattrix Technologies CEO, said, “We are excited to be working with Samsung Ventures and JSR. Their strategic investment support represents a strong vote of confidence in our proprietary technology and our company’s trajectory.”
First Full-Aperture OLET Display
Mattrix has pioneered a revolutionary OLET (organic light emitting transistor) technology to solve the OLED backplane problem and enable the cost-effective production of large-area displays. The company has developed the world’s first full-aperture OLET display.
OLET is a new paradigm for emissive displays that circumvents the OLED backplane problem which has prevented widespread adoption of OLED displays. At the heart of this breakthrough is Mattrix’s proprietary CN-VOLET (carbon-nanotube enabled, vertical, organic, light emitting transistor) technology.
CN-VOLET is a transformative pixel architecture that combines the drive transistor, storage capacitor and light emitting layers into a sequentially deposited, vertical, transparent stack. This enables a high aperture ratio, bottom emission display that simplifies the manufacturing process and increases lifetime.
OLET Advantages Over Existing OLED Pixel Technology:
- Enables cost-competitive OLED displays
- Compatible with existing manufacturing infrastructure
- Increased display lifetimes and reduced screen door effects
- Ideally suited for flexible and transparent displays
- Compatible with solution-processed manufacturing
- Improved power consumption
- Market Potential and Business Development
The OLED market is expected to be valued at USD 48.81 Billion by 2023.¹ For its novel technology, Mattrix has licensed all developed IP, including 16 U.S. patents, with more than 350 claims and filings in Europe, Korea, China, and Japan.
The company is seeking collaborative partners interested in licensing the company’s technology for commercialization.
Mattrix is a resident client of the University of Florida’s internationally recognized, award-winning business incubator, UF Innovate | The Hub. Mark Long, Director of Incubation Services, said, “Congratulations to Mattrix on their new funding. The Hub is here in Gainesville with the resources and programs to assist companies with disruptive technologies to move forward in attracting funders, and Mattrix is an excellent example of that.”
Bruce Berkoff Joins Mattrix’s Board of Directors
Another marker of Mattrix’s growth is the addition of Bruce Berkoff to the company’s Board of Directors. Mr. Berkoff is the Chairman of the LCD TV Association, a global not-for-profit marketing trade association dedicated to connecting the entire LCD TV supply chain and related companies. A highly regarded industry expert, he has served as executive vice president of marketing and chief marketing officer (CMO) for LG.Philips LCD. Mr. Berkoff has sat on the boards of at least five publicly traded companies, including LG Display (LPL), InFocus (INFS), and UniPixel (UNXL).
“This represents one of the most clever and impactful advances in display technology that I have come across in my 20-plus years around the industry,” said Bruce Berkoff. “The team at Mattrix Technologies is tackling long-standing industry challenges and making real progress through innovation.”
About Samsung Venture Investment Corporation
Samsung Venture Investment Corporation manages investment and investment-related activities for Samsung affiliate companies. The investment mandate for Samsung Venture Investment Corporation tracks closely to the strategic priorities of Samsung affiliate companies' core operating divisions, and encompasses investments in semiconductors, displays, telecommunications, and consumer electronics. Learn more at Samsung Venture Investment Corporation.
About JSR Corporation
JSR Corporation is a multinational company employing more than 8,000 people worldwide and a leading materials supplier in a variety of technology driven markets. JSR's global network is headquartered in Tokyo (Japan) and has factories and offices in Europe, USA, China, Taiwan, Korea, Singapore and Thailand. JSR is a research-oriented organization that pursues close collaborations with leading innovators in a number of industries that are a key to the present and future welfare of human society: display, electronic and optical materials, life-sciences, energy storage, synthetic rubbers. For more information about JSR Corporation, please visit JSR Corporation.
About Mattrix Technologies
Founded in 2018, Mattrix Technologies is a semiconductor device company developing breakthrough pixel architectures for flat-panel displays. The company has pioneered a revolutionary OLET (organic light emitting transistor) technology to enable the cost-effective production of large-area displays.
Mattrix developed the world’s first full-aperture OLET display. OLET is a new paradigm for emissive displays that circumvents the OLED backplane problem that has prevented widespread adoption of OLED displays. At the heart of this breakthrough is our proprietary CN-VOLET: a revolutionary pixel architecture that combines the drive transistor, storage capacitor and light emitting layers into a sequentially deposited, vertical, transparent stack. This enables a high aperture ratio, bottom emission display that simplifies the manufacturing process and increases lifetime. For more information visit Mattrix Technologies.
1. Markets and Markets (2017) OLED Market by Display Application (Smartphone, TV, Automotive, NTE), Panel Type (Rigid, Flexible), Technology, Size, Material (FMM RGB, WOLED), Lighting Application (General, Automotive), Panel Type, & Vertical, and Geography - Global Forecast to 2023. January. Available at https://www.marketsandmarkets.com/Market-Reports/oled-market-200.html (Accessed: 06 May 2019).