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Manufacturing Technology Insights | Wednesday, September 02, 2020
OTI Lumionics has announced that it has received funds from LG Technology Ventures.
FREMONT, CA: OTI Lumionics is a leader in the development of advanced materials for consumer electronics. The company has declaredthe investment it received from LG Technology Ventures, the venture capital investment arm of LG Group.
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The investment done by LG will be utilized for increasing the speed of embracing OTIs materials in mass production, which also consists of its ConducTorr CPM solution for under-display cameras.
At the starting of this month, OTI announced its new version of ConducTorr Cathode Patterning Material (CPM) is prepared for mass production. It will begin shipping in Q4 2020 to be used in the next-generation mobile devices and other displays.
Michael Helander, Co-Founder and CEO of OTI Lumionics, said, “We are thrilled to have LG Technology Ventures as a valuable partner for the development of our materials as we gear up for mass production.It is great validation to have a leading brand like LG partner in our efforts to create the most advanced display solutions in the industry.”
Manufacturers are searching for advanced solutions, which will increase the speed of the development of transparent displays. OTI prioritizes on cathode patterning so that it can facilitate new display applications for OLEDs, which includes transparent displays, under-display cameras and sensors, foldable displays, and automotive displays.
According to Michael Falcon, investment director for LG Technology Ventures, “LG Technology Ventures has been closely monitoring the progress of OTI and is excited to now become an investor. We look forward to working with OTI to help commercialize its technology in multiple display applications”.
The investment received from LG Technology Ventures was part of a more significant strategic funding round that consists of participation from another prominent consumer electronics brand and the present investors Anzu Partners and Draper Dragon.
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