BRUSSELS (July 26, 2 p.m. ET) — Solvay SA has provided 10 million euros in a financing to conductive polymers maker Plextronics Inc. of Pittsburgh.
Plextronics will use the funds to accelerate development of light emitting diodes (OLED) and organic photovoltaic cells (OPV). Brussels-based Solvay is Plextronics' largest minority shareholder.
Printed electronics take advantage of new organic materials applied to established printing techniques to manufacture electronic devices with a wider variety of configurations than hitherto, including thin, flexible polymer substrates. Potentially lower manufacturing costs are claimed.
Léopold Demiddeleer, head of future businesses and corporate platforms with Solvay, said: “This continued investment clearly demonstrates Solvay's commitment to Plextronics and the field of printed electronics. The adoption of OLED technology, for example, is a visible sign that organic and printed electronics are on the verge of becoming a major market for advanced materials.”
Andy Hannah, president and CEO of Plextronics, said: “Plextronics enjoys strong industry recognition … as the preferred ink provider for manufacturers of solution-processed OLED and OPV. We are extremely pleased to have the continued support from Solvay.”