OLEDWorks Company Profile

Background

Mission: To empower customers to create unique products using the world's most advanced, high-performing, and highest-quality multi-stack OLED technology.

Vision: To integrate the unique beauty, unmatched performance, and earth-friendly sustainability of OLED technology into products that transform lighting, display, and communication.

Overview: Founded in 2010 by pioneers in the OLED industry, OLEDWorks is the only U.S.-based OLED lighting manufacturer. The company specializes in developing and producing innovative organic light-emitting diode (OLED) lighting solutions, offering superior quality and reliability. With manufacturing facilities in Rochester, New York, and Aachen, Germany, OLEDWorks delivers cost-effective OLED panels for various applications, including general lighting, automotive, and microdisplays.

Key Strategic Focus

Core Objectives:

• Develop and produce high-quality, multi-stack OLED lighting panels.

• Expand product portfolios to enhance design inspiration.

• Provide high-volume production capabilities.

Specialization Areas:

• General lighting solutions.

• Automotive lighting applications.

• Microdisplay technologies.

Key Technologies:

• Multi-stack OLED technology.

• Flexible and conformable OLED panels.

• Thin-film encapsulation for enhanced durability.

Target Markets:

• Architectural and interior lighting.

• Automotive industry.

• Consumer electronics.

Financials and Funding

Funding History:

• As of June 2025, OLEDWorks has raised a total of $20 million in funding.

• The latest funding round occurred on December 29, 2018, amounting to $19 million.

Revenue:

• As of June 2025, the company's annual revenue reached $15 million.

Utilization of Capital:

• Expansion of production facilities.

• Research and development initiatives.

• Strategic partnerships and collaborations.

Pipeline Development

Key Products:

• Brite 3™ OLED Panels: Standard lighting panels available in various shapes and color temperatures, with lifetimes up to 100,000 hours.

• LumiCurve Wave™: Bendable OLED panels fabricated on Corning's Willow® Glass, offering flexibility and design versatility.

• Automotive OLED Taillight Panels: Custom panels designed for automotive applications, providing uniform surface emission and high contrast segmentation.

• OLED Microdisplays: Under development for augmented reality (AR) and virtual reality (VR) applications, leveraging multi-stack white OLED technology combined with color filter arrays.

Development Stages:

• Brite 3™ and LumiCurve Wave™ are commercially available.

• Automotive OLED taillight panels began shipping in 2021.

• OLED microdisplays are currently under development in collaboration with key customers.

Anticipated Milestones:

• Expansion of automotive OLED lighting solutions.

• Commercialization of OLED microdisplays for AR and VR applications.

Technological Platform and Innovation

Proprietary Technologies:

• Multi-Stack OLED Technology: Enhances brightness and efficiency by incorporating multiple layers of organic materials.

• Thin-Film Encapsulation: Provides protection against environmental factors, ensuring durability and longevity.

Scientific Methodologies:

• Precision control of multilayer device fabrication.

• Development of flexible and conformable OLED panels.

AI-Driven Capabilities:

• Integration of machine learning algorithms for process optimization and quality control.

Leadership Team

• David DeJoy: Co-founder and Chief Executive Officer.

• Michael Boroson, PhD: Co-founder and Chief Technology Officer.

• John Hamer, PhD: Co-founder and Chief Operating Officer.

• Wolfgang Görgen: Senior Vice President, Managing Director, OLEDWorks GmbH.

• Bernadette Thompson: Senior Director, Finance & Administration.

• Ivo Rutten: Head of Display Business - Strategy and Partnerships.

• Abbey Greenway: Senior Director, Human Resources.

• John Rubens: Vice President, Strategy & Partnerships (Lighting).

Leadership Changes

• In November 2021, co-founders Michael Boroson and John Hamer were recognized as Entrepreneurs of the Year by the American Chemical Society.

Competitor Profile

Market Insights and Dynamics:

• The OLED lighting market is experiencing significant growth, driven by demand for energy-efficient and design-flexible lighting solutions.

• The automotive sector is increasingly adopting OLED technology for advanced lighting applications.

Competitor Analysis:

• LG Display: Produces OLED panels for various applications, including lighting.

• Osram: Develops OLED lighting solutions for automotive and general lighting.

• Lumiotec: Specializes in OLED lighting panels for architectural applications.

Competitive Landscape:

• OLEDWorks differentiates itself through proprietary multi-stack technology, flexible manufacturing capabilities, and strategic partnerships.

Strategic Collaborations and Partnerships

• Corning Incorporated: Collaborated to develop flexible OLED lighting solutions using Corning® Willow® Glass.

• Acuity Brands: Exclusive partnership to develop an expanded portfolio of OLED luminaires.

• Lumenique LLC: Partnered to integrate OLED lighting into sculptural portable lighting designs.

• Audi: Supplied OLED panels for automotive lighting applications, including the Audi A8.

Operational Insights

Strategic Considerations:

• Focus on expanding production capacity to meet growing demand.

• Emphasis on research and development to maintain technological leadership.

• Leveraging partnerships to enhance market reach and product offerings.

Competitive Advantages:

• Proprietary multi-stack OLED technology.

• Flexible and responsive manufacturing processes.

• Strong intellectual property portfolio.

Strategic Opportunities and Future Directions

Roadmap:

• Expand automotive OLED lighting solutions.

• Commercialize OLED microdisplays for AR and VR applications.

• Enhance production capabilities to meet increasing demand.

Opportunities for Expansion:

• Entering new markets such as aerospace and healthcare.

• Developing new form factors and applications for OLED technology.

Positioning for Future Objectives:

• Continued investment in research and development.

• Strengthening strategic partnerships.

• Maintaining a focus on sustainability and energy efficiency.

Contact Information

• Website: www.oledworks.com

• Social Media:

• LinkedIn: OLEDWorks on LinkedIn

• Twitter: OLEDWorks on Twitter

• Instagram: OLEDWorks on Instagram

• Facebook: OLEDWorks on Facebook

• YouTube: OLEDWorks on YouTube