Issue Date: May 31, 2004
Plextronics wins financing
Pittsburgh-based Plextronics has secured $3.4 million in financing from a number of private, corporate, and government sources to further commercialize its brand of inherently conductive polymers (ICPs). Plextronics has raised $4.6 million since being founded in July 2002 to develop the work of Richard D. McCullough, professor of chemistry at Carnegie Mellon University. The Plextronic ICPs are based on poly(3-substituted thiophene), which is dispersed into conventional plastics in a powder form to impart conductivity. Paint maker Sherwin Williams is a development partner of the firm.
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