Pittsburgh, PA – July 26, 2011 – Plextronics, Inc. announced today that Solvay has provided $15 million (EUR 10 million) in a financing round to the company. This financing will support the acceleration of Plextronics' technology development and delivery of its innovative products to a growing base of global customers. Solvay is Plextronics' largest minority shareholder.
Innovator: Carnegie Mellon's Richard McCullough
Through his startup Plextronics, the professor is working on conductive "ink" that could lay the groundwork for thin, flexible phones and TVs.