Several sources have reported that Cynora has secured funding from LG Display and Samsung in its latest round of financing.
The company aimed to raise $15 million to finance the development of its new ultra-efficient blue OLED emitter.
Reports suggest that LG Display intend to invest around $9 million in the project, with Samsung also considering an investment.
Cynora has apparently stated that it is “very confident” that it is on track to release its new blue TADF product by the end of the year as it said at SID.
As we reported a couple of weeks ago, LG Display is planning to use Cynora’s blue material (LG To Use Cynora TADF for TV Blue). (BR)