Novaled

About Novaled

Novaled GmbH operates as a specialized chemical company focused on the organic light-emitting diode (OLED) market. The company was established in 2001 as a spin-off from the Technical University of Dresden and the Fraunhofer Institute, with operations beginning in March 2003. Its founders include Professor Karl Leo, Dr. Jan Blochwitz-Nimoth, and Dr. Martin Pfeiffer, who were recognized with the German Future Prize for their work in organic electronics. Blochwitz-Nimoth's doctoral research on doped charge transport layers was fundamental to the creation of the company's core technology.

The firm's business model is centered on the development, licensing, and sale of proprietary organic materials and technologies to manufacturers of OLED displays and lighting. Novaled serves major global players in the electronics industry, providing them with materials that enhance the performance and efficiency of their OLED products. Revenue is generated through the commercialization of its doping technology and the sale of specialized organic materials. In August 2013, Samsung's affiliates, Cheil Industries and Samsung Electronics, acquired a 90% stake in Novaled, valuing the company at €260 million, adding to the 10% already held by Samsung's venture arm.

Novaled's core product is its PIN OLED® technology, which uses dopant materials to improve the conductivity of charge transport layers in OLEDs. This results in higher power efficiency, lower operating voltages, and extended lifetimes for OLED devices. The company is a key supplier of organic dopants for the mass production of OLED displays used in smartphones, tablets, and other devices. Its technology is considered a quasi-industry standard. Novaled holds a strong intellectual property position, with over 1300 patents granted or pending.