Solvay Invests in Plextronics
To support the acceleration of Pittsburgh-based Plextronics Inc.’s technology development and delivery of its innovative products, Solvay S.A. of Brussels, Belgium, has provided the company with €10 million (about $15 million) in a financing round. Solvay is Plextronics’ largest minority shareholder. Plextronics provides polymer-based materials and technologies for key applications of printed electronics such as organic LED (OLED), specifically OLED displays and lighting, as well as organic photovoltaic cells. The funding will support the company’s efforts to advance its OLED technology for printed electronics. Solvay is an international industry group active in chemistry.