Mattrix Technologies

Mattrix Technologies, a semiconductor device company spun out of the University of Florida in 2018, is focused on advancing flat-panel display technology. The company was founded by Max Lemaitre (CEO), Bo Liu (CTO), and Professor Andrew Rinzler (Chief Scientific Advisor), leveraging core technology initially developed in Dr. Rinzler's physics lab. Lemaitre, an expert in carbon physics and nanotechnology, earned his Ph.D. from the University of Florida, where his work on vertical field-effect transistors became foundational to the company's technology. Liu was a co-inventor of the firm's core transistor technology during his Ph.D. studies in Dr. Rinzler's lab.

The company's core offering is a proprietary pixel architecture based on Organic Light-Emitting Transistor (OLET) technology. This structure integrates the drive transistor, storage capacitor, and light-emitting layers into a single, vertically stacked element. This design addresses significant manufacturing challenges that have historically limited the cost-effective production of large-format AMOLED displays. A key benefit of the OLET system is that it enables the use of existing, and often fully depreciated, amorphous-silicon (a-Si) backplane facilities—traditionally used for LCDs—to produce higher-margin OLED screens. This capability can reduce capital expenditures for manufacturers by hundreds of millions of dollars per factory line and cut production costs by as much as 35%.

The business model is centered on intellectual property licensing, design services, and the sale of advanced materials to display manufacturers. Mattrix Technologies partners with multinational panel manufacturers and industry suppliers to commercialize its technology, with Samsung and JSR Corporation being notable investors and joint development partners. Since its incorporation and initial $3 million Series A round led by Samsung, the company has secured further investments from JSR, UF Innovate | Ventures, and other venture capital firms. The company has demonstrated its capabilities through several prototypes, including a full-color display and a White-OLED (WOLED) display built on an LCD backplane, with plans to scale up for mobile, TV, flexible, and transparent applications.

Keywords: OLET technology, organic light-emitting transistor, flat-panel displays, AMOLED backplane, display manufacturing, semiconductor device, pixel architecture, solution-processed OLED, JSR Corporation, Samsung Ventures, University of Florida spin-out, Max Lemaitre, Andrew Rinzler, display technology licensing, flexible displays, transparent displays, WOLED, display manufacturing cost reduction, amorphous-silicon backplane