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