AMOLED Backplane Solutions Company Mattrix Technologies Opens $3 Million Funding Round

By Dan Anderson ● August 12, 2020
  • Mattrix Technologies — a company that is developing groundbreaking AMOLED backplane solutions for the flat-panel display industry — announced that JSR Corporation has closed a second investment into the company

Mattrix Technologies — a company that is developing groundbreaking AMOLED backplane solutions for the flat-panel display industry — announced that JSR Corporation has closed a second investment into the company. The $1.5 million investment will be used for supporting the joint development of solution-based conductive inks for use in a new class of backplane transistor — which is expected to bring the true-to-life viewing experience of ultra-premium OLED products.

Launched in 2018, Mattrix Technologies is a semiconductor device company developing breakthrough pixel architectures for flat-panel displays. And the company has pioneered a revolutionary OLET (organic light-emitting transistor) technology to enable the cost-effective production of large-area displays.

OLET is a new paradigm for emissive displays that solves the backplane challenges that have limited the adoption of large-area OLED displays. And at the heart of this breakthrough is a proprietary pixel architecture that combines the drive transistor, storage capacitor, and light-emitting layers into a single element. This enables a full-aperture and bottom emission display that simplifies the manufacturing process, increases product lifetime, and panel brightness.

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

The current investors in Mattrix also include Samsung Venture Investment Corporation (known as Samsung Ventures) — which is the global investment arm of the Samsung Group and UF Innovate | Ventures (the newly established investment fund of the University of Florida). And Mattrix is targeting additional institutional investors for the remaining $1.25M to close this round.

KEY QUOTES:

“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.”

— Dr. Kuriyama, Director of Labs at JSR

“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. We are very excited about the future of this collaboration.”

— Max Lemaitre, CEO of Mattrix Technologies

“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.”

— Mark Long, Director of Incubation Services at the University of Florida

Featured photo credit: Mattrix Technologies