Mattrix Technologies Announces $3 Million Series A Round with Investment from Samsung Ventures and JSR Corporation; Bruce Berkoff, Chairman, LCD TV Association, Joins the Mattrix Board of Directors

GAINESVILLE, Fla.–(BUSINESS WIRE)–lt;a href=”https://twitter.com/hashtag/DisplayWeek?src=hash” target=”_blank”gt;#DisplayWeeklt;/agt;–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. To set up a meeting with Mattrix at the conference, please
contact Max by phone (847) 269-3692 or email [email protected].

About Samsung Venture Investment Corporation

Samsung Venture Investment Corporation manages investment and
investment-related activities for Samsung affiliate companies. The
investment mandate for Samsung Venture Investment Corporation tracks
closely to the strategic priorities of Samsung affiliate companies’ core
operating divisions, and encompasses investments in semiconductors,
displays, telecommunications, and consumer electronics. Learn more at Samsung
Venture Investment Corporation
.

About JSR Corporation

JSR Corporation is a multinational company employing more than 8,000
people worldwide and a leading materials supplier in a variety of
technology driven markets. JSR’s global network is headquartered in
Tokyo (Japan) and has factories and offices in Europe, USA, China,
Taiwan, Korea, Singapore and Thailand. JSR is a research-oriented
organization that pursues close collaborations with leading innovators
in a number of industries that are a key to the present and future
welfare of human society: display, electronic and optical materials,
life-sciences, energy storage, synthetic rubbers. For more information
about JSR Corporation, please visit JSR
Corporation
.

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.

Reference:

1. Markets and Markets (2017) OLED
Market
 by Display Application (Smartphone, TV, Automotive,
NTE), Panel Type (Rigid, Flexible), Technology, Size, Material (FMM RGB,
WOLED), Lighting Application (General, Automotive), Panel Type, &
Vertical, and Geography – Global Forecast to 2023. January. Available at
https://www.marketsandmarkets.com/Market-Reports/oled-market-200.html
(Accessed: 06 May 2019).

Contacts

Media Contact:

Sandra Oak
Nsight Public Relations
[email protected]
321-591-1508

Company Contact:

Max Lemaitre, Ph.D.
CEO & Founder
Mattrix Technologies
[email protected]
Cell: (847)
269-3692
Office: (352) 641-0557
www.mattrixtech.com

UF Innovate | The Hub Contact:

Mark S. Long
Director of Incubation Services
UF Innovate | The
Hub
[email protected]
352-294-0885
innovate.research.ufl.edu/the-hub/

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