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Posted: March 26, 2008
Plextronics to Receive Funding from Pennsylvania NanoMaterials Commercialization Center
(Nanowerk News) Plextronics, Inc. announced that after a competitive review of submitted proposals, the Pennsylvania NanoMaterials Commercialization Center's Center's technical advisory committee and governing board approved funding for Plextronics and two other companies.
Plextronics was awarded $250,000 from the Center in Air Force Research Laboratories funding to develop semi-continuous processing technology for organic photovoltaic devices. The company is providing $250,000 in matching funds.
According to the Center's press release, Dr. Alan Brown, executive director of the Center, said, "The addition of the three new companies to the Center's project portfolio further demonstrated the broad application of nanomaterials to a wide range of products and industries, including energy, electronics, polymers and metals."
The other two companies that received funding were Pittsburgh-based NanoLambda Inc. and Philadelphia-based Y-Carbon Inc.
About Plextronics, Inc.
Plextronics, Inc. is a leading innovator of technology for printed electronics. The printed electronics market comprises next-generation light, power and circuitry products, including flexible displays, plastic solar cells and organic RFID tags. The market for printed electronics was approximately $1 billion in 2006 and is expected to exceed $300 billion within 20 years.
With a company vision of enabling 15 billion printed electronic devices by 2015, Plextronics is creating technology capable of commercial-scale performance and manufacturability. The company's device design, process technology and Plexcore® branded inks enable the formation of active electrical layers — the key drivers of printed electronics.
Plextronics was founded in 2002 as a spinout from CarnegieMellonUniversity, based upon conductive polymer technology developed by Dr. Richard McCullough. Over the past five years, Plextronics' team of scientists has refined and further developed this technology to deliver exceptional performance for printed electronics.
Some of the company's recent honors include: 2007 Red Herring Top 100 Company, 2006 Wall Street Journal Technology Innovation Awards Runner-Up, 2006 NREL Clean Energy Entrepreneur of the Year, the 2006 Organic Semiconductor Industry Awards Start-Up of the year, and Top 50 Nanotechnology Start-Up by Lux Research.
For more information about Plextronics, visit www.plextronics.com.