Nanotechnology Now







Heifer International

Wikipedia Affiliate Button


DHgate

Home > Press > Plextronics Receives Investment from Applied Ventures to Expand Development of Printed Electronics Technology

Abstract:
Plextronics, Inc., a leading innovator of printed electronics technology, announced today that it has received a strategic investment by Applied Ventures, LLC, the venture capital arm of Applied Materials, Inc. . The investment will help Plextronics continue to expand its product development and manufacturing capabilities, as well as increase its investment in sales and marketing activities.

Plextronics Receives Investment from Applied Ventures to Expand Development of Printed Electronics Technology

PITTSBURGH, PA | Posted on November 6th, 2007

This investment comes on the heels of Plextronics' recently closed $20.6 million Series B financing, led by Solvay North America Investments LLC, a member of Solvay Group, with participation by Birchmere Ventures, Draper Triangle Ventures, Firelake Capital Management and Newlin Investment Company. An additional investment in the Series B round was provided by the Sustainable Energy Fund (SEF) of Central Eastern Pennsylvania. This was the second investment in the company that SEF has made this year. Plextronics has raised a total of $41 million in equity capital over the last five years. Plextronics' President and CEO Andy Hannah said, "We are focused on developing relationships with companies such as Applied Materials, an established leader that can help us achieve our goals. Applied's experience in commercializing production-worthy equipment and processing systems is of particular relevance to enabling the mass-production of our technology."

The printed electronics market comprises next-generation light, power and circuitry products, including flexible displays, plastic solar cells and organic RFID tags. Plextronics' device design, process technology and Plexcore(R) branded inks enable the formation of active electrical layers - the key drivers of printed electronics.

Dr. Omkaram "Om" Nalamasu, Applied Materials' vice president of advanced technologies and CTO of Applied's Energy and Environmental Systems Group, will join the Plextronics board as an observer.

"We encourage the development of next-generation lighting and power products that can deliver high-efficiency, cost-effective electronic solutions to the global community," said J. Christopher Moran, vice president and general manager of Applied Ventures. "We are pleased to align ourselves with companies such as Plextronics that are creating the technology capable of commercial-scale performance and manufacturability."

####

About Plextronics, Inc.
Applied Ventures, LLC (http://www.appliedventures.com), a subsidiary of Applied Materials, Inc., invests in early stage companies with high growth potential pursuing technologies that are complementary to Applied Materials' core business and can stimulate the growth of applications for semiconductors, flat panel displays and related products and services. Applied Materials, Inc. is the global leader in Nanomanufacturing Technology(TM) solutions with a broad portfolio of innovative equipment, service and software products for the fabrication of semiconductor chips, flat panel displays, solar photovoltaic cells, flexible electronics and energy efficient glass (http://www.appliedmaterials.com).

About Plextronics, Inc.

Plextronics, Inc. is a leading innovator of technology for printed electronics. The printed electronics market comprises next-generation light, power and circuitry products, including flexible displays, plastic solar cells and organic RFID tags. The market for printed electronics was approximately $1 billion in 2006 and is expected to exceed $300 billion within 20 years.

With a company vision of enabling 15 billion printed electronic devices by 2015, Plextronics is creating technology capable of commercial-scale performance and manufacturability. The company's device design, process technology and Plexcore(R) branded inks enable the formation of active electrical layers -- the key drivers of printed electronics.

Plextronics was founded in 2002 as a spinout from Carnegie Mellon University, based upon conductive polymer technology developed by Dr. Richard McCullough. Over the past five years, Plextronics' team of scientists has refined and further developed this technology to deliver exceptional performance for printed electronics.

Some of the company's recent honors include: 2007 Red Herring Top 100 Company, 2006 Wall Street Journal Technology Innovation Awards Runner-Up, 2006 NREL Clean Energy Entrepreneur of the Year, the 2006 Organic Semiconductor Industry Awards Start-Up of the Year, and Top 50 Nanotechnology Start-Up by Lux Research.

For more information, please click here

Contacts:
Plextronics, Inc.
2180 William Pitt Way
Pittsburgh, PA 15238
Phone: (412) 423-2030
Fax: (412) 423-2039
Investor relations

Copyright © PR Newswire Association LLC.

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

VC/Funding/Angel financing/Loans/Leases/Crowdfunding

Harris & Harris Group Sponsors NYC American Heart Association's Health Sciences Innovation Investment Forum: Co-founder of Harris & Harris Group Portfolio Company TARA Biosystems to Speak About the Value of Tissue Engineering Technology April 21st, 2015

Long Island Capital Alliance Announces Participants for Brookhaven National Laboratory Technology Transfer Capital Forum on May 8: Keynote Speaker Dr. Doon Gibbs, Director of Brookhaven National Laboratory April 16th, 2015

Harris & Harris Group Portfolio Company OpGen Files Amended Registration Statement for Proposed Public Offering April 8th, 2015

Hong Kong Investors Bullish on Dais Analytic Invest $5.75M, Provide $60M Contract, and Create New Joint Venture Company March 26th, 2015

Chip Technology

Surface matters: Huge reduction of heat conduction observed in flat silicon channels April 23rd, 2015

Drexel materials scientists putting a new spin on computing memory April 22nd, 2015

Printing Silicon on Paper, with Lasers April 21st, 2015

Advances in molecular electronics: Lights on -- molecule on: Researchers from Dresden and Konstanz succeed in light-controlled molecule switching April 20th, 2015

Announcements

Sensor Designed in Iran Able to Remove Formaldehyde Gas from Environment April 27th, 2015

Cacao Seed Extract Used in Production of Catalytic Nanoparticles April 27th, 2015

New ASTM Standards Will Help Educate Present and Future Nanotechnology Workforces April 26th, 2015

Heat makes electronsí spin in magnetic superconductors April 26th, 2015

Printing/Lithography/Inkjet/Inks

Northwestern scientists develop first liquid nanolaser: Technology could lead to new way of doing 'lab on a chip' medical diagnostics April 25th, 2015

New class of 3D-printed aerogels improve energy storage April 22nd, 2015

Printing Silicon on Paper, with Lasers April 21st, 2015

Advances in molecular electronics: Lights on -- molecule on: Researchers from Dresden and Konstanz succeed in light-controlled molecule switching April 20th, 2015

NanoNews-Digest
The latest news from around the world, FREE




  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More










ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project