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.”
SID Display Week, May 12-17, San Jose, California
Both Mattrix CEO Max Lemaitre and Board Member Bruce Berkoff will be attending the SID Display Week conference in San Jose, California, May 12-17.
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.