SINGAPORE, Aug. 25 (Xinhua) -- The venture capital arm of a U.S. global leader in nanomanufacturing has invested in a Singapore spin-off.
Applied Ventures. LLC, the venture capital arm of U.S.-based Applied Materials, Inc, has invested in a newly incorporated spin-off from Singapore Agency for Science, Technology and Research (A*STAR), according to a statement by A*STAR on Tuesday.
The funds will be used for the development and manufacture of anew proprietary, moisture resistant film that can significantly extend the life span of devices such as organic solar cells and flexible displays.
The new film protects the easily degraded moisture-sensitive organic materials of plastic devices and targets the burgeoning plastic electronics industry.
Applications of the film include the manufacturing of flexible, lightweight and cheap electronics such as disposable or wrap-around displays, identification tags, low cost solar cells and chemical- and pressure-sensitive sensors.