Sony, Panasonic and Sumitomo to participate in JOLED's next financing round

A few day go JOLED announced that it started commercial shipments of its 21.6" 4K OLED panels for use in medical monitors, in its low-volume 4.5-Gen ink-jet printing production line.

JOLED 4K prototype OLED Monitor (July 2017, Japan)

Following JDI's decision to halt its plans to increase its stake at JOLED, the company is now seeking to raise $900 million to support its plan to start mass producing OLEDs in 2019. According to a report from Japan the company has received commitments from Sony and Panasonic and both Sumitomo Chemical (who supplies its PLED materials to JOLED) and Screen Holdings (who supplies its equipment to JOLED) are likely to take part in the financing round as well.

JOLED 21.6'' 4K medical OLED prototype, Cebit 2017

Each of these four companies will invest between $45 million and $90 million. JOLED is still in discussions with other potential investors for the remaining funds. The company aims to close the financing round by March 2018. Japan's government-backed investment fund Innovation Network Corp (INCJ) holds a 75% stake in JOLED, it is also likely to contribute to the round.

For more information on JOLED's technology click here.

Posted: Dec 07,2017 by Ron Mertens