Samsung Invests in Novaled

12/2/2011 9:59 AM 

Samsung Venture Investment Corporation, Seoul, Korea (SVIC), and Novaled AG, Dresden, Germany, recently announced that SVIC has become a shareholder of Novaled. Novaled is a key player in OLED technology and in the organic materials surrounding the emitting materials. Novaled's PIN OLED technology aims at reducing energy consumption while offering longer lifetimes.

"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."

The details of the deal have not been announced.