September 28, 2011 – Business Wire — Samsung Venture Investment Corporation (SVIC) has become a shareholder in Novaled AG, high-efficiency organic light-emitting diode (OLED) maker with expertise in synthetic and analytical chemistry.
The Novaled PIN OLED technology is designed to reduce energy consumption in longer lifetime devices. Based on more than 400 patents granted or pending, Novaled has a strong IP position in the field of OLED technology.
Michael Pachos, Senior Investment Manager at SVIC, called Novaled an established market leader with "significant business in the OLED space." SVIC was attracted to the company’s technical and business vision for OLED displays and lighting, he added.
Samsung Venture Investment Corporation is the Venture Capital arm of the Samsung Group.
Novaled AG makes OLED structures and is an expert in organic electronics. For further details please visit www.novaled.com.