OTI Lumionics, a Toronto, Canada-based chief within the growth of superior supplies for shopper electronics, acquired a strategic funding from LG Technology Ventures – the enterprise capital funding arm of LG Group.
The quantity of the deal was not disclosed.
This funding might be used to assist speed up the adoption of OTI’s supplies in mass manufacturing, together with its ConducTorr™ CPM answer for below show cameras.
Led by Michael Helander, Co-Founder and CEO, OTI Lumionics focuses on cathode patterning to allow new show functions for OLEDs, together with clear shows, below show cameras and sensors, foldable shows, and automotive shows.
Earlier this month, the corporate introduced its newest model of ConducTorr™ Cathode Patterning Materials (CPM) is prepared for mass manufacturing and can begin delivery in This fall 2020 to be used in subsequent era cellular units and different shows.
The funding from LG Know-how Ventures was half of a bigger strategic funding spherical, which together with participation from one other main shopper electronics model in addition to present traders Anzu Companions and Draper Dragon.