Solvay: Investment in Printed Electronics
Solvay announced that it has decided to participate, as lead investor, in the second capital increase in three years of Plextronics, Inc., an innovator of technology for the printed electronics market. Plextronics specializes in the development and commercialization of polymer-based technologies for printed electronics such as OLED lighting and displays, organic solar cells and RFID ’smart’ tags. By investing USD 12 million, Solvay becomes the largest minority shareholder in the Pittsburgh, Pennsylvania-based company. The capital increase gives Plextronics additional financial means to pursue its development and growth strategy in printed electronics. This is an emerging industry that takes advantage of printing technologies to manufacture electronic devices with a wider variety of shapes and supports, including thin, flexible substrates. The investment in Plextronics complements Solvay’s own R&D efforts in organic electronics.
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