We are making multifunctional organic materials for consumer electronics devices (OLEDs, solar cells, smart windows) to enable manufacturers to reduce manufacturing time, while enhancing performance.
We have 3 pilots and 4 letters of intent from potential customers. We are currently actively refining our technology to produce MVP that they would be able to purchase.
Problem or Opportunity
Organic light emitting diodes (OLEDs) are too complex to manufacture causing high cost for consumers. New simplified manufacturing is inaccessible due to materials that are used now not being compatible. And materials including challenging to source and toxic elements, makes the technology not sustainable.
Solution (product or service)
We want to to simplify manufacturing of OLEDs, by providing compatible materials that do not employ scarce elements, enable 10 times faster production resulting in lowering of CO2 emissions associated with manufacturing by a factor of 30, and increasing revenue margins.
Our go-to-market strategy is to become supplier of high-quality charge transport materials for OLED and OPV device manufacturers. Our beachhead market is the small to medium-sized OLED companies such as Inuru, Lusoco, OLEDWorks, developers of flexible electronic devices. We estimate costs for production of materials at this scale would be approximately $10/g, includes production of product and facilities costs. The current retail price of competing high-end electron transport materials is $40-$500/gram. We plan to offer the product to US and European customers first, expanding to Asia later.