In the presence of the minister of economics of the German federal state of North Rhine-Westphalia, Prof Andreas Pinkwart, and Münster’s mayor Markus Lewe, a plant for coating foils was started up on the BASF company premises in Münster. Innovative materials applied layer by layer in an ultra-thin coat give foils additional properties, thus “functionalising” them. BASF developed the innovative coating technology and the first product – a barrier foil – within a very short time.
SALDtech recently announced that it has closed a second investment round with Innovation Industries, a leading high-tech VC fund and BOM, Brabant Development agency. TNO, through its subsidiary Holst Centre, has invested over 10 years in developing a new technology called spatial atomic layer deposition to produce large area ultra-thin layers with world class performance. SALDtech, a spin-off of TNO, will use the investment to develop and build production equipment to be integrated into the production lines of next generation flexible OLED displays for mobile phones, tablets, TVs and more.
Marking the initial closing of its Series C funding round, CYNORA (Bruchsal, Germany) announced that it has secured US$25M in financing from investors in Asia, Europe and the US. The company is an emerging materials leader with a novel technology to produce ultra-high-efficiency emitter systems required for next-generation Organic Light Emitting Diode (OLED) displays. The company has raised US$80M since its inception in 2008. Final closing of the C round with an additional investment is expected shortly.