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Plextronics Nets $14M

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PITTSBURGH, Aug. 20, 2009 – Plextronics Inc., a maker of printed solar, lighting and other organic electronics, has announced the completion of its $14 million series B-1 financing round, led by a $12 million investment by Solvay North American Investments LLC. This was Solvay’s second investment in Plextronics in three years; Solvay is a member of the Brussels, Belgium-based international chemical and pharmaceutical group Solvay Group and now the largest minority shareholder in Plextronics.  Based in Pittsburgh, Plextronics was founded in 2002 as a spinout from Carnegie Mellon University and the conductive...Read full article

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    Published: August 2009
    Glossary
    diode
    A two-electrode device with an anode and a cathode that passes current in only one direction. It may be designed as an electron tube or as a semiconductor device.
    photonics
    The technology of generating and harnessing light and other forms of radiant energy whose quantum unit is the photon. The science includes light emission, transmission, deflection, amplification and detection by optical components and instruments, lasers and other light sources, fiber optics, electro-optical instrumentation, related hardware and electronics, and sophisticated systems. The range of applications of photonics extends from energy generation to detection to communications and...
    Andy HannahBelgiumBusinessCarnegie Mellon Universityconductive polymerConsumerdiodeEmploymentenergyfunding roundgreen photonicsinvestmentinvestorsLight Sourceslight-emittinglightingNews & FeaturesOLEDsOPVorganicorganic electronicsphotonicsphotovoltaicsPlextronicsRichard McCulloughShareholdersolarSolvay North American InvestmentsLEDs

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