4 September 2007 The international chemical and pharmaceutical group Solvay has made a $10m investment in Plextronics, a US firm developing technologies for polymer-based printed electronics.
The Belgian group s contribution was part of the latest round of financing, which totalled $20.6 million, a Solvay spokesman told PRW.com.
In a statement, Solvay said it was the lead investor and had gained a minority interest in the Pittsburgh firm, but the percentage was not disclosed.
Founded in 2002, Plextronics specialises in the development of printed electronics for applications such as displays, solar cells and RFID smart tags.
Their [Plextronics ] expertise, which capitalises on extensive research efforts at Carnegie Mellon University, and their market-driven activities are a perfect match for one of Solvay s most promising innovation platforms, said L opold Demiddeleer, director of Solvay Corporate R&D and New Business Development.
The Belgian group s contribution was part of the latest round of financing, which totalled $20.6 million, a Solvay spokesman told PRW.com.
In a statement, Solvay said it was the lead investor and had gained a minority interest in the Pittsburgh firm, but the percentage was not disclosed.
Founded in 2002, Plextronics specialises in the development of printed electronics for applications such as displays, solar cells and RFID smart tags.
Their [Plextronics ] expertise, which capitalises on extensive research efforts at Carnegie Mellon University, and their market-driven activities are a perfect match for one of Solvay s most promising innovation platforms, said L opold Demiddeleer, director of Solvay Corporate R&D and New Business Development.
