Printed electronics company Plextronics has secured €10 million in funding from Solvay, a European industrial group.
The investment signals Solvay's committment to printed electronics and makes it the largest minority shareholder in Plextronics. The firms will now cooperate on business opportunities.
Plextronics will look to advance its OLED technology in particular, as it works to meet projected customer demands for both display and lighting applications, reports Reuters.
The funding will also aid in the acceleration of Plextronics' OPV division, and other projects in plastic electronics.
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Reuters report
Solvay commits EUR 10 million to fuel Plextronics' innovative technology development in OLED and OPV
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