Display New Material Company Triel Signs IPO Underwriting Agreement with Kiwoom Securities
Triel, a developer and manufacturer of advanced display materials led by CEO Byun Woo-geun, announced on the 20th that it has signed an underwriting agreement with Kiwoom Securities for its initial public offering (IPO).
Aiming for a technology-specialized listing in 2027, Triel is a materials specialist company that develops and produces high-performance materials for advanced displays such as OLED (organic light-emitting diode). Since its founding in 2015, it has consistently developed high-functionality molecules including high refractive index, low dielectric constant, and low refractive index materials.
The high-performance materials produced by Triel are eco-friendly, future-oriented display materials excluding sulfur and fluorine. In 2021, the company developed the world’s highest refractive index acrylic molecules and registered international patents in the United States, China, and Japan.
Recently, Triel has been producing and supplying key materials used in high refractive index MLA (micro lens array) for large automotive OLED displays. The automotive OLED market is a next-generation display market growing at an ultra-fast rate of over 30% annually, and its application range is expected to expand further with the growth of electric vehicles and the introduction of autonomous driving.
Additionally, the water-processable ultra-high refractive index materials recently developed by Triel can be applied to next-generation mobile and AI (artificial intelligence) devices such as AR/VR that require fine pattern MLAs, promising diverse applications.
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Byun Woo-geun, CEO of Triel, stated, “The demand for high-brightness and high-function displays, driven by recent technological advances in autonomous driving and AI, represents an opportunity for Triel.” He added, “Triel is realizing its venture dream of growing into a global materials specialist company by commercializing not only high refractive index materials but also low dielectric constant and low refractive index materials.”
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