OLED-T, a developer and manufacturer of world-class organic light emitting diode (OLED) materials and device structures, today announced that it has raised $7 million venture capital funding led by E-Synergy.
OLED-T has been formed from the assets of ELAM-T. The change of name reflects the focus on the development and commercialisation of OLED technology. OLED-T will use the new investment to fund a new research and development (R&D) facility in the UK and to bolster its executive management team.
OLED-T develops, manufactures and licenses high efficiency, long life-time materials known as ELAMATES for OLED displays. Its ELAMATE® portfolio of materials offers dramatic efficiency improvements of up to 80 per cent over competitive materials, and lifetimes of as much as three times that of competitive OLED materials. OLED-T has over 60 patents in the area of OLED materials and device structures. It sells its materials directly to OLED display manufacturers primarily in Asia.
