iBeam Materials Receives Funding

iBeam Materials, Inc., ("iBeam") the world leader in the development of ion-beam crystal alignment of thin layers deposited on a variety of substrates for high-performance optoelectronic devices, announced today that Samsung Venture Investment Corporation ("Samsung Ventures") has taken an investment position in iBeam. iBeam is one of a select few companies globally attracting Samsung Ventures' strategic investments in the microLED space.

"iBeam's breakthrough in light-emitting diodes (LEDs) enables LEDs to be manufactured on large-area substrates as opposed to the much smaller single-crystal wafers currently used in the industry," said a representative of Samsung Ventures.

"The investment by Samsung Ventures marks the beginning of a new era for iBeam Materials," said Vladimir Matias, Founder & CEO of iBeam Materials. "We can now accelerate both the scaling of our technology to larger area substrates as well as the timeline to key product development milestones."

InGaN (Indium Gallium Nitride) LEDs, the foundation of the LED lighting revolution, and GaN HEMT (High Electron Mobility Transistor) devices are currently manufactured on single-crystal wafers, restricting both size, cost and thermal management. Under a US Department of Energy ARPA-E agency program, iBeam Materials has demonstrated LEDs and HEMT devices using a patented alternative process that allows manufacturers to deposit epitaxial GaN devices directly on a variety of substrates including thin, flexible large-area metal foils. This process delivers much lower thermal resistance and enables roll-to-roll manufacturing capability.

To read more on iBeam's approach to microLED displays visit ibeammaterials.com/displays

About iBeam Materials
iBeam Materials is disrupting the Display, Lighting and Wearable Electronics industries by creating new game-changing product categories based on epitaxial GaN (Gallium Nitride)- devices grown on non-single crystal substrates (GaNoX). Located in Santa Fe, NM, and founded in 2011, iBeam specializes in use of an ion-beam technology for crystal alignment of thin layers providing for high-performance low-cost electronic devices on a variety of large-area substrates. For more information visit ibeammaterials.com.

About Samsung Ventures
Samsung Venture Investment Corporation manages investment and investment-related activities for Samsung affiliate companies. The investment mandate for Samsung Venture Investment Corporation tracks closely to the strategic priorities of Samsung affiliate companies' core operating divisions, and encompasses investments in semiconductors, displays, telecommunications, and consumer electronics. Learn more at Samsung Venture Investment Corporation.