Samsung Became a Shareholder of Novaled

Sep 29, 2011 Samsung Ventures Investment Corporation, Seoul, Korea (SVIC), and Novaled AG, Dresden, Germany (Novaled), announced that SVIC has become a shareholder of Novaled.

Novaled is a key player in OLED technology and organic materials surrounding the emitting materials. The Novaled PIN OLED(R) technology aims at reducing the energy consumption while offering longer lifetimes.

SVIC recognized Novaled as a technology leader and established market leader in the OLED space and is expecting outstanding business performance in the future, according to the commentaries by the executives from both companies.

The details of the deal have not been made public yet.

Source:  Novaled AG via Marketwatch
http://www.marketwatch.com/story/samsung-invests-into-novaled-2011-09-28

Author:  Alice Jones

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