Kyulux, a startup originating from Kyushu University, plans to launch mass production of a new OLED material by 2028. The technology, branded as Hyperfluorescence, aims to replace iridium-based phosphorescent compounds currently used in display manufacturing.
The new material combines two technologies to improve color purity and energy efficiency while eliminating the need for rare metals. This shift is intended to mitigate supply chain risks, as over 80% of global iridium reserves are concentrated in South Africa.
To date, the company has secured ¥8.5 billion, equivalent to $53.8 million, in funding. Key investors include LG, Samsung, and SMBC Capital Partners. Kyulux has also entered into a joint development agreement with LG Display to evaluate the new materials.
The startup intends to integrate its technology into red and green OLED subpixels. Commercial products featuring these materials are expected to reach the market by 2029. Additionally, the company is collaborating with Nippon Soda to accelerate the establishment of its production facilities.
