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Plextronics Awarded $1.2 million in Government Funding for Flexible Printed Electronics with the U.S. Military

Plextronics Media Contact:
Lori Lecker
412-423-2030 x 111
llecker@plextronics.com

Pittsburgh, PA, October 6, 2008 –  Plextronics, Inc. — an international technology company that specializes in printed solar, lighting and other electronics — announced today that it has secured $1.2 million in funding as part of the 2009 Defense Appropriations Bill Continuing Resolution (H.R. 2638) that was signed into law on September 30. The award is a new contract for the company to develop flexible and light-weight printed electronics for the United States Military, including products and applications such as flexible solar panels for tent tops, solar-powered foldable blankets and helmet-mounted panels, printed lighting, flexible displays and printed circuitry.

According to Andy Hannah, president and CEO of Plextronics, this award is another step closer to the broad commercialization of printed electronics. "We're all seeing a worldwide focus on new sources of efficient, renewable energy, and there is no question that printable solar and lighting technology is a key part of that mission," Hannah said. "This project will enable us to continue to work with the military to develop applications and products that will make life in the field better for our soldiers."

Hannah also added, "Congressman Altmire has been a tremendous partner and supporter of our company and other high-tech companies in this region. We are very grateful for his help in securing this exciting new project."

About Plextronics
Plextronics, Inc. is an international technology company that specializes in printed solar, lighting and other organic electronics. Headquartered in Pittsburgh, PA., the company's focus is on organic solar cell and organic light emitting diodes (OLED), specifically the conductive inks and process technologies that enable those and other similar applications.

With a company vision of enabling 15 billion printed electronic devices by 2015, Plextronics is creating technology capable of commercial-scale manufacturability and performance. The company's device design, process technology and Plexcore® branded inks enable the formation of active electrical layers — the key drivers of printed electronics.

The privately held company was founded in 2002 as a spinout from Carnegie Mellon University, based upon conductive polymer technology developed by Dr. Richard McCullough. Over the past six years, Plextronics scientists have refined and further developed this technology to deliver exceptional performance for printed electronics.

For more information about Plextronics, visit www.plextronics.com.

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