Plextronics has scored US$15 million during its financing round from Solvay, its largest minority shareholder, which will go towards stepping up the company’s technology development and delivery of its products to customers located worldwide. Plextronics is focused on developing polymer-based materials and technologies for key applications of printed electronics such as organic light emitting diodes (OLED) and organic PV cells (OPV).
“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. Plextronics is our partner of choice to succeed in this high growth area, and we continue to work closely on developing joint business opportunities,” commented Léopold Demiddeleer, head of future businesses and corporate platforms, a section of Solvay's newly created Innovation Center.