OTI Lumionics announced it has received an investment from LG Technology Ventures, the venture capital investment arm of LG Group.
This investment will be used to help accelerate the adoption of OTI’s materials in mass production, including its ConducTorr CPM solution for under-display cameras.
Earlier this month, OTI announced its latest version of ConducTorr Cathode Patterning Material (CPM) is ready for mass production and will start shipping in Q4 2020 for use in next-generation mobile devices and other displays.
“We are thrilled to have LG Technology Ventures as a valuable partner for the development of our materials as we gear up for mass production,” said Michael Helander, co-founder and CEO of OTI Lumionics. “It is great validation to have a leading brand like LG partner in our efforts to create the most advanced display solutions in the industry.”
Manufacturers are looking for innovative solutions to speed the development of transparent displays. OTI focuses on cathode patterning to enable new display applications for OLEDs, including transparent displays, under-display cameras and sensors, foldable displays, and automotive displays.
“LG Technology Ventures has been closely monitoring the progress of OTI and is excited to now become an investor. We look forward to working with OTI to help commercialize its technology in multiple display applications,” said Michael Falcon, investment director for LG Technology Ventures.