Plextronics Raises $14 Million for Organic LED, Solar Technology

Plextronics, Inc., a U.S.-based technology company focused on OLED and organic solar technology, announced last week that it has completed a $14 million Series B-1 financing round to commercialize its technology in the LED lighting and solar markets.

"The funding from this round will enable us to continue to advance our lighting and solar products – namely our Organic Light Emitting Diode (OLED) and Organic Photovoltaic (OPV) materials and inks – so that we can scale these products to meet the customer and industry demand we are seeing," said president and CEO Andy Hannah. 

The company is developing a process to deposit a thin layer of carbon-based conductive material to form the electrical layer in electronic products. Plextronics is working on the materials as well as the manufacturing process, which is often described as akin to "printing" electronics.

Print electronic technology promises to deliver low-cost products. Organic solar cells or LED lighting would use organic compounds for form the electrical layer rather than conventional materials such as silicon.

Disclaimers of Warranties
1. The website does not warrant the following:
1.1 The services from the website meets your requirement;
1.2 The accuracy, completeness, or timeliness of the service;
1.3 The accuracy, reliability of conclusions drawn from using the service;
1.4 The accuracy, completeness, or timeliness, or security of any information that you download from the website
2. The services provided by the website is intended for your reference only. The website shall be not be responsible for investment decisions, damages, or other losses resulting from use of the website or the information contained therein<
Proprietary Rights
You may not reproduce, modify, create derivative works from, display, perform, publish, distribute, disseminate, broadcast or circulate to any third party, any materials contained on the services without the express prior written consent of the website or its legal owner.

Tokushima, Japan - 6 March 2024: Nichia, the world's largest LED manufacturer and inventor of the high-brightness blue and white LED, has started mass production of the new UV-B (308nm) and UV-A (330nm) LEDs in its popular 434 Series packa... READ MORE

New XLamp® S Line LEDs enhance growth, last longer, lower energy costs Horticulture and other forms of agricultural lighting require application-tuned ratios of spectral content, high efficacy and long lifetimes. Whether you are interested... READ MORE