Lux Research ranks Novaled as one of the top 10 most promising enterprises list

Lux Research posted their top ten most promising enterprises for Q1 2012 - and they include Novaled in their list. Lux analyzed 380 companies active in 16 different emerging technology domains, and they gave Novaled strong marks in all of their metrics, with remarkable scores in metrics such as technology value, IP position, partnerships, addressable market and team.

A year ago Novaled announced plans for an IPO on the NASDAQ with an aim to raise $200 million, but it's been a while since we heard any news on the IPO. Recent reports suggest that both Doosan and Samsung's Cheil Industries are considering to acquire Novaled.

Interestingly Lux Research are actually quite pessimistic regarding the OLED market. They see only 7,000 OLED TVs shipping in 2014 and back in 2011 Lux estimated that the OLED lighting will remain a small one in - in fact in 2020 worldwide revenues will only amount to $58 million.

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Posted: Apr 08,2013 by Ron Mertens