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Thames Valley Investment Network helps Nanotechnology Innovator raise £225,000
Polymertronics set to develop LEDs for interactive marketing materials


Oxfordshire nanotechnology start-up, Polymertronics, has secured £225,000 of investment - combining £150,000 from a business angel and £75,000 from a prestigious Research and Development Grant. Polymertronics was introduced to its new investor by Thames Valley Investment Network (TVIN), a business angel investment network that specialises in helping growing companies to raise funding.

Founded in January 2006, Polymertronics is developing a new nanotechnology that will allow digital inkjet printing and instant curing of flexible electronic components and owns a British patent application for the technology. One application is embedded organic light emitting diodes (OLEDs) and touch sensitive interactive panels that can be used to enhance poster advertising campaigns. This unique technology is patent pending protected and will enable the production of advertising posters containing ‘pre-printed’ light displays, with zero lead time for production.

Polymertronics products combine existing technologies in an innovative and commercially profitable way. It is already possible to create organic (meaning carbon-based) semiconductors for electronic components that are small enough to be successfully transferred onto base media using standard commercial printing facilities. Polymertronics combines this existing technology with the latest ultra-violet (UV) curing techniques, to cure and fix the electronics onto media that can include vinyl, plastics, glass and metal. Any shape of OLEDs can then be printed using flatbed or roll-to-roll printer platforms and powered by a low voltage battery source.

Polymertronics’ products are designed to be bolted onto existing printing infrastructure, making them both accessible and affordable.

Stephen Clemmet, Founder & Managing Director of Polymertronics, said: “Polymertronics’ products add a new dimension to the advertising industry. We can offer unparalleled interactivity and marketing opportunities that can be changed and reworked as quickly as printing technology allows – something that simply hasn’t been possible before now.

“Given that there are more than 10,000 commercial printers worldwide, which produce over 780 million square metres of advertising posters using the UV curing process every year, there is a huge potential market where our products can easily be retro-fitted and used.”

Polymertronics is at the proof of principle stage, with the new investment allowing the company to develop semiconductor components in collaboration with the University of Reading. Already protected by patent pending, two further patent applications are expected during this year: worldwide patent pending for the current patent pending, plus one further British patent application.

Commenting on the fundraising, Mr Clemmet said: “Eileen Modral and Thames Valley Investment Network were extremely supportive during the funding round, matching us with the right investor, at the right time. Once we have working products, then we’ll be looking for further significant investment to get them to market during 2009.”

Eileen Modral, Investment Networks Manager, said: “We are delighted to have introduced an angel investor to Polymertronics. The potential for the Company’s products is substantial and we were pleased to help Polymertronics secure the funding it needs to progress development and enable the production of prototypes. We wish Stephen Clemmet and his team every success.”

Oxfordshire Enterprise Hub helped Polymertronics through its successful application for an R&D Grant under the guidance of Hub Director, Dr John Lee. Mr Clemmet said: “John was an inspiration throughout the grant process. He worked at our pace, reviewing our material and identifying appropriate funding options. We look forward to continuing to work with John as Polymertronics progresses.”

In May 2007, Polymertronics won the Best New Technology Company Award at the Martin and Audrey Wood Enterprise Awards


Publisher Contact Information:

Thames Valley Investment Network (TVIN)
+44 (0)1865 811199
m.henry@oxin.co.uk

Company profile of Thames Valley Investment Network (TVIN)
Past press releases of Thames Valley Investment Network (TVIN).

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