OLEC Technology - About the company
OLEC Technology is an unfunded company based in Riga (Latvia), founded in 2023. It operates as a Developer of organic light emitting electrochemical cells for lighting applications. OLEC Technology has not raised any funding yet. The company has 15 active competitors, including 5 that have exited. Its top competitors include companies like Ynvisible, JOLED and Quad Industries.
Company Details
Developer of organic light emitting electrochemical cells for lighting applications. These thin-layer devices utilize purely organic materials to provide sustainable alternatives to traditional lighting technologies. By employing simple device architectures and printing techniques, the technology focuses on creating flexible and efficient light sources without the need for toxic heavy metals or rare-earth elements. The research and development process includes the synthesis of organic compounds and the testing of their luminescent properties to optimize device performance. The objective is to replace conventional light-emitting diodes that often rely on complex, resource-intensive, and non-recyclable materials. This approach allows for the fabrication of bendable and stretchable lighting solutions compatible with various surface geometries. The ongoing development efforts prioritize environmental sustainability and manufacturing simplicity through the use of specific luminescent organic layers.
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OLEC Technology's funding and investors
OLEC Technology has not raised any funding rounds yet.
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OLEC Technology's Competitors and alternates
Top competitors of OLEC Technology include Ynvisible, JOLED and Quad Industries. Here is the list of Top 10 competitors of OLEC Technology, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Provides printable display technology based on electrochromic displays | $193K | 53/100 | ||
2nd | Developer of OLED-based display panels including printed OLED, oxide TFT displays, and flexible displays | $1.38B | 46/100 | ||
3rd | Quad Industries 1998, Sint Niklaas (Belgium), Acquired | Develops and manufactures hardware for user interfaces and printed electronics | - | 43/100 | |
4th | MesoScribe 2002, Central Islip (United States), Acquired | CVD and thermal process equipment enabling advanced material solutions | - | 37/100 | |
5th | Sai Microelectronics 2008, Beijing (China), Unfunded | Manufacturer of micro-electromechanical systems (MEMS) and other semiconductor products | - | - | 34/100 |
6th | Developer of reflective display technology | - | 33/100 | ||
7th | Sheldahl 1995, Northfield (United States), Acquired | Manufacturer of circuit boards and electronic materials | - | 27/100 | |
8th | Calman Technolog 1992, Irvine (United Kingdom), Acquired | Offers design and manufacturing of membrane keypads, graphic overlays and label products | - | - | 25/100 |
9th | Butler Technologies 1990, Butler (United States), Unfunded | Provides design and manufacturing solutions for user interface design and printed electronics | - | - | 24/100 |
10th | Manufacturer of user interface and printed electronic products | - | - | 21/100 | |
16th | OLEC Technology 2023, Riga (Latvia), Unfunded | Developer of organic light emitting electrochemical cells for lighting applications | - | - | - |
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OLEC Technology's Investments and acquisitions
OLEC Technology has made no investments or acquisitions yet.
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