OLED Display startup Mattrix Technologies opens $3M financing round with second investment from JSR

Mattrix Technologies,(“Mattrix”), a US-based startup developing groundbreaking AMOLED backplane solutions for the flat-panel display industry, announced that JSR (“JSR”) has closed a second investment into the company. The $1.5M investment will be used in part to support the joint development of solution-based conductive inks for use in a new class of backplane transistor that promises to bring the true-to-life viewing experience of ultra-premium OLED products to everyday consumers.

Mattrix’s award-winning technology will allow panel manufacturers to repurpose aging LCD fabs to instead produce higher-margin, premium OLED products, while saving hundreds of millions of dollars in new capital costs. Their novel pixel architecture can boost the power efficiency of OLED displays more than 10%, while doubling product lifetime. The larger emissive aperture also enables brighter displays that can be viewed in direct sunlight for automotive and interactive signage applications.

Since the 1980s, JSR has been developing and supplying materials that contribute to breakthroughs in display technology. Mattrix’s technology is also expected to help drive the leap forward in OLEDs, and JSR is pleased to be able to collaborate with them,” said Dr. Kuriyama, Director of Labs at JSR.

Current investors in Mattrix also include Samsung Venture Investment (“Samsung Ventures”), the global investment arm of the Samsung, and UF Innovate | Ventures, the newly established investment fund of the University of Florida. Mattrix is targeting additional institutional investors for the remaining $1.25M to close this round. Collaborative partners interested in investing or licensing the company’s technology for commercialization should contact the CEO Max Lemaitre.

We have developed a close partnership with JSR since their investment in early 2019. Their continued support bolsters our collaboration and will allow us to make significant strides together in our materials development program,” said Max Lemaitre, CEO of Mattrix Technologies. “We are very excited about the future of this collaboration.

Mark Long, Director of Incubation Services at the University of Florida stated, “Mattrix is rapidly expanding and changing the market with their new technology. This partnership with JSR demonstrates the outstanding efforts of Matrix’s management and staff. We look forward to assisting the company with further expansion.”

Source: https://www.businesswire.com/

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