Solvay Invests $15M in Plextronics
PITTSBURGH, Aug. 1, 2011 — To support the acceleration of Plextronics Inc.’s technology development and delivery of its innovative products, Solvay S.A. has provided the company with €10 million (USD 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.
An international industry group active in chemistry, Solvay, of Brussels, Belgium, offers a range of products and solutions that contribute to improving the quality of life.
For more information, visit: www.plextronics.com
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