Novaled announced it has entered into a licensing and purchase agreement with Samsung Mobile Display (SMD). SMD committed to buy Novaled's dopant materials for AMOLED transport layers for several years. Novaled will also provide its PIN OLED technology to SMD.
Samsung has cooperated with Novaled since 2005, although this hasn't been officially declared until recently, when Novaled published some documents for their upcoming IPO. In September 2011, Samsung investment in Novaled (we do not know the amount). Novaled is offering OLED technology licensing, consulting services and OLED materials, and they also list LG Display as a customer. In 2011, the company reported €17.4 in revenues and a profit of €1.2 million.