ETNews reports that Cynora is finalizing its latest financing round, with aims to raise €15 million. LG Display will participate in the round, investing $9 million, and Samsung Display is also considering a similar sized investment.
Cynora, based in Germany, is developing OLED emitters, and has recently announced its blue TADF OLED performance. Cynora's new blue achieves a 15% EQE at 1000 cd/m² with an emission peak at < 470 nm and a LT97 of > 90 hours (at 700 cd/m²) on a device level. Cynora says that it is very confident that it can commercialize its first highly efficient blue emitter by the end of this year, as planned.