Solvay and Thinfilm Enter Commercial Agreement
Solvay Solexis ("Solvay") will begin to market its newly developed SolveneTM polymer for applications in printed electronics with its partner Thin Film Electronics ASA ("Thinfilm")
"Memory will be a crucial component in the rapidly growing printed electronics market, which is fuelled by new applications. Our partnership with Solvay paves the way for the next generation of printed electronic applications and high volume production of Thinfilm MemoryTM. As we ramp up production with our manufacturing partners, the agreement with Solvay assures commercial supply of memory polymer in large quantities," says Rolf Åberg, CEO Thinfilm. "Furthermore, this unique polymer composition will make it possible for other companies in Printed Electronics to begin production of Thinfilm Memory."
"Solvay has identified printable organic electronics as an area of growth that undoubtly will be pushed by the need for more information, everywhere and anytime, of our modern Society. Thinfilm?s innovative technology in printed electronics, gives us an excellent partner in such a quickly emerging field," says Pierre Joris, Managing Director of Solvay Solexis. "As leader in specialty polymers, Solvay Solexis has experience and know how about developing and producing the sophisticated material solution needed for such applications, which eventually will benefit our customer base."
Thinfilm?s technology is based on using a ferroelectric polymer as the functional memory material sandwiched between two sets of electrodes. A key competitive advantage of Thinfilm?s memory technology is that it is fully printable in high volume rolltoroll machines.
The jointly developed polymer formulation leverages both Solvay?s and Thinfilm?s intellectual property. Solvay is a world leader in fluoromaterials with more than 4,200 registered patents, while Thinfilm has 15 years of experience and over 100 patents in the field of nonvolatile memories using functional polymers.
About Printed Electronics
Printed electronics is the manufacturing of electronic components through the use of printing techniques that utilize functional inks. It is a means to efficiently manufacture electronic components in high volume and on flexible substrates. The combination of new materials, such as the new, unique Solvene TM polymer, new technology such as Thinfilm?s, along with cost effective, large area, high volume deposition and patterning reelto- reel production processes (i.e., printing), will open up a myriad of new applications. Thin, lightweight, flexible, small, and low cost electronic devices made from polymer will characterize this new and exciting industry, which is projected to grow to US$ 55 billion by 2020, according to IDTechEx, of which about one third is expected to be printed transistors and memory. The applications for such devices include integrated circuits, sensors, flexible displays, memory modules, photovoltaic cells, batteries, rollable solar cells, diagnostic devices, radio frequency identification tags ("RFIDs"), smart packages, and anticounterfeit and antitheft devices.
About Thinfilm and Solvay
The Solvay Group is an international industrial Group active in Chemistry. It offers a broad range of products and solutions that contribute to improving quality of life. The Group is headquartered in Brussels and employs about 19,000 people in 50 countries. In 2009, its consolidated sales amounted to EUR 8.5 billion. Solvay is listed on the NYSE Euronext stock exchange in Brussels (NYSE Euronext: SOLB.BE - Bloomberg: SOLB.BB - Reuters:SOLBt.BR). Details are available at www.solvay.com.
Solvay Solexis is a fullyowned subsidiary of the Solvay Group. Headquartered in Italy, Solvay Solexis is a major provider of highend fluorinated material solutions. Visit www.solvaysolexis.com for more information.
About Thin Film Electronics AB
Thin Film Electronics ASA ("Thinfilm") is a Norwegian technology company with head office in Oslo and product development activities in Linköping, Sweden. The company is a pioneer in the use of functional polymer materials for the production of nonvolatile electronic memories, and has developed polymer memories with high storage density. Thinfilm is the first in the world able to deliver rewritable memories printed on a commercial scale in a continuous rolltoroll process. Jointly with its global partners, one expects in the future to also be able to deliver integrated devices containing printed logic elements, enabling the company‟s vision of "Memory Everywhere(TM) ".Thinfilm is listed on the Oslo Axess marketplace at the Oslo Børs (Oslo Stock Exchange) with ticker code "THIN‟.