Noctiluca is a designer and producer of OLED emitters – chemical compounds that emit light upon the application of the electric charge.

This component is a vital part of any OLED display and determines its parameters of colour, contrast and lifetime. Best in class TV today is OLED, best in class iPhone, Samsung Galaxy and Xiaomi are all OLED and most innovation in display technology is headed to OLED. The OLED (Organic Light Emitting Diode) display stack is made up of thin layers of organic materials. One of these layers, and perhaps the most important one, is the emitter – which actually converts electricity into visible light. This emitter and the rest of the organic materials together form a sub-pixel, the basic building block of an OLED display.

There are two ways to manufacture these layers – PVD (Physical Vapour Deposition) and IJP (ink-jet printing). While PVD is a mass-scale method and a majority of OLED displays nowadays are produced in this method, it requires heavy investment into machinery and therefore is a natural barrier to entry. Ink Jet Printing is the next-generation OLED production process technology as it allows much more efficient and cost-effective material deposition and can help reduce OLED production costs dramatically.

OLED market by Display Supply Chain Consultants is worth $34b in 2019

Noctiluca is an OLED emitter designer and producer. We are working on the commercial deployment of the new (3rd and 4th) generation of OLED emitters dedicated to both PVD and IJP applications.

OLED market by Display Supply Chain Consultants worth $34b in 2019

Unlike many of the OLED material designers, Noctiluca does not plan to grow in the fabless model.

Fabless model limits the ability to service the middle market and small players and does not allow to bring the Noctiluca’s emitter platform closer to the market. Instead, Noctiluca plans to have significant production capabilities, both to speed up the emitter and customer development processes, thus leading to faster commercialization.

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