07 September 2010 13:30 [Source: ICIS news]
LONDON (ICIS)--Solvay will invest $4m (€3.1m) in a minority stake in Polyera Corporation, a materials developer from the printed electronics market based in Skokie, in the US state of Illinois, the Belgium-based chemicals group said on Tuesday.
The investment, in series-B financing for the ?xml:namespace>
“Polyera enjoys a worldwide recognition in the development of cutting-edge organic semiconductor material, and in just its few years of existence has built substantial know-how in printed transistor and photovoltaic fabrication,” said Leopold Demiddeleer, Solvay’s senior executive vice president for future businesses.
Printed electronics is the emerging industry that relies on printing technologies to manufacture thin, lightweight and flexible devise substrates, according to Solvay.
On 5 September, Solvay said that it would invest further in chemicals for electronics in
Commercial products from the plant would be available later this year, it said. Lansol’s chemicals are used particularly for the production of photovoltaic cells.
“The new contracts with our Chinese partner offer Solvay the possibility to expand and upgrade its presence as a technology leader in the growing Chinese market for ultra-pure wet chemicals,” said Eric Mignonat, general manager for Solvay’s peroxides strategic business unit.
($1 = €0.78)
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