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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.
Key Metrics
Founded Year
2023
Location
Riga, Latvia
Stage
Unfunded
Ranked
16th among 16 competitors
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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:
Rank
Company Details
Short Description
Total Funding
Investors
Tracxn Score
1st
Logo for Ynvisible
Ynvisible
2010, Vancouver (Canada), Public
Provides printable display technology based on electrochromic displays
$193K
53/100
2nd
Logo for JOLED
JOLED
2015, Tokyo (Japan), Late Stage
Developer of OLED-based display panels including printed OLED, oxide TFT displays, and flexible displays
$1.38B
46/100
3rd
Logo for Quad Industries
Quad Industries
1998, Sint Niklaas (Belgium), Acquired
Develops and manufactures hardware for user interfaces and printed electronics
-
43/100
4th
Logo for MesoScribe
MesoScribe
2002, Central Islip (United States), Acquired
CVD and thermal process equipment enabling advanced material solutions
-
37/100
5th
Logo for Sai Microelectronics
Sai Microelectronics
2008, Beijing (China), Unfunded
Manufacturer of micro-electromechanical systems (MEMS) and other semiconductor products
-
-
34/100
6th
Logo for Rdot
Rdot
2016, Gothenburg (Sweden), Funding Raised
Developer of reflective display technology
-
33/100
7th
Logo for Sheldahl
Sheldahl
1995, Northfield (United States), Acquired
Manufacturer of circuit boards and electronic materials
-
27/100
8th
Logo for Calman Technolog
Calman Technolog
1992, Irvine (United Kingdom), Acquired
Offers design and manufacturing of membrane keypads, graphic overlays and label products
-
-
25/100
9th
Logo for Butler Technologies
Butler Technologies
1990, Butler (United States), Unfunded
Provides design and manufacturing solutions for user interface design and printed electronics
-
-
24/100
10th
Logo for Memtronik
Memtronik
1994, Montreal (Canada), Unfunded
Manufacturer of user interface and printed electronic products
-
-
21/100
16th
Logo for OLEC Technology
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.

FAQs about OLEC Technology

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