Henkel Leads Series C Investment in Vitriflex


Reading time ( words)

Based on the strong, continued progress in developing customized, integrated barrier films for display applications, The Electronics Group of Henkel has made an additional investment in ultra-barrier film technology innovator Vitriflex Inc. Henkel made its first equity investment and signed a joint development agreement (JDA) with the promising start-up company in May 2014. In this latest round, Henkel was the lead Series C investor.

“Combining Vitriflex’s expertise in ultra-barrier film innovation and Henkel’s leadership in adhesive technologies delivers a partnership that is advancing the state of the art of barrier film technology,” explains Mark Popovich, Henkel Corporate Vice President Global Marketing. “Since Henkel’s initial investment in Vitriflex, we have made profound progress toward an integrated barrier film product that delivers good adhesion to multiple substrates. This latest round of investment supports both the technology development work and the continued move toward high-volume manufacturing capability.”

Vitriflex, which was founded in 2010 and is run by a management and technical team that have extensive electronics market experience and barrier film expertise, has developed an ultra-barrier film technology that has low water vapor and oxygen transmission rates (WVTR and OTR) to meet the needs of emerging display technologies. Over the last year, Vitriflex technologists have worked in partnership with Henkel chemistry specialists to integrate optically transparent adhesives into ultra-barrier films with great success. Henkel’s additional investment in Vitriflex will progress this work, along with that of other applications.

“While the initial development priority was focused on flexible displays, our application scope and partnership with Henkel have expanded over the last year,” explains David Parker, Vitriflex President and CEO. “There are several other areas where we believe we can deliver differentiable technology value and we are pursuing those in earnest.”

The Series C investment furthers Vitriflex's move toward volume manufacturing capability to support multiple display technologies and sizes that range from handhelds to large-screen TV’s in excess of 100 inches. The company expects to have commercial product ready to ship at the end of 2015.

"Henkel intends to be a significant player in the display market," says Popovich in summary. "Our work with and investment in Vitriflex are significant components of Henkel’s broader display technology strategy."

About Henkel

 

 

Share

Print


Suggested Items

Book Excerpt: Cornerstone of Smart Manufacturing—The Convergence of IT and OT

06/10/2020 | I-Connect007 Editorial Team
The following is an excerpt from Chapter 2 of the I-Connect007 eBook The Printed Circuit Assembler’s Guide to… Advanced Manufacturing in the Digital Age, written by Oren Manor of Siemens, a Siemens Business.

The iNEMI 2019 Roadmap: Optoelectronics

06/09/2020 | Pete Starkey, I-Connect007
Continuing the series of webinars highlighting recently-published chapters of iNEMI’s 2019 Roadmap—the comprehensive guidebook to the future goals and needs of the electronics manufacturing industry—the installment on optoelectronics examined and discussed data transmission by optical technology. Pete Starkey provides an overview.

The iNEMI 2019 Board Assembly Roadmap

06/01/2020 | Pete Starkey, I-Connect007
iNEMI continues to publish chapters of its 2019 Roadmap and recently presented an overview of its Board Assembly Roadmap Chapter in a webinar prefaced by Grace O’Malley, vice president of global operations. The new chapter is just the latest addition to this global effort from 23 working groups contributing expert input from all aspects of the electronics industry.



Copyright © 2020 I-Connect007. All rights reserved.