3M, through its New Ventures business, invests in Printechnologics, a German printed electronics specialist, aimed at joint efforts for providing innovative solutions for electronic circuitry on paper or foil.
ST. PAUL, Minn. & MUNICH--(BUSINESS WIRE)--3M, through its New Ventures business, invests in Printechnologics, a German printed electronics specialist, aimed at joint efforts for providing innovative solutions for electronic circuitry on paper or foil. Terms of the transaction were not disclosed.
“Among others, we explore anti-fraud solutions that could save billions of dollars for our customers. Possible applications are smart packaging to prevent counterfeiting or anti-fraud solutions in the gaming market in connection with our multi-touch displays”
Printechnologics developed custom alterations to conventional printing methods with extremely high scalability and cost advantages to address mass markets. The technologies can facilitate a broad range of solutions across b2b and b2c channels. This opens significant global market potential.
Stefan Gabriel, president, 3M New Ventures, commented: “Printechnologics has developed game changing technology enabling printed circuit structures on paper. We see various innovative application areas that provide significant growth opportunities and access to new markets for 3M.”
“Among others, we explore anti-fraud solutions that could save billions of dollars for our customers. Possible applications are smart packaging to prevent counterfeiting or anti-fraud solutions in the gaming market in connection with our multi-touch displays,” added Voyl Divljakovic, vice president and general manager, 3M Electronic Solutions Division.
“In the future, most paper products will include electronic data carriers enabling them to store data and communicate with the environment. We start connecting print products with online content," said Sascha Voigt, co-founder of Printechnologics.
Jan Thiele, co-founder of Printechnologics, added: “Printechnologics offers one of the most cost efficient printing solutions for electronics on paper. The results are environment-friendly, low-cost data structures that open up visionary possibilities in countless application areas. We are proud to work with an outstanding partner like 3M to explore new application fields outside of our current core business.”
Forward-Looking Statements
This news release contains forward-looking statements that involve risks, uncertainties and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including any statements of the future plans, strategies and objectives of management. Other risks, uncertainties and assumptions are described in 3M’s SEC reports, including but not limited to the risks described under “Risk Factors” in Part I, Item 1A of the Annual Report on Form 10-K for its fiscal year ended December 31, 2009 and in Part II, Item 1A in the Quarterly Reports on Form 10-Q for the fiscal quarters ended March 31, 2010 and June 30, 2010. 3M assumes no obligation and does not intend to update these forward-looking statements.
About Printechnologics
Printechnologics is today's leading technology developer of electronic systems produced entirely by a printing press. Creatively driving forward the long overdue evolution of printed paper, every kind of print product, from advertising leaflets to labels to forgery-proof packaging, is arriving in the digital age. Ready for production, these first products are the start of a long series of inventions that will change everyday life. For more information, visit www.printechnologics.com.
About 3M
A recognized leader in research and development, 3M produces thousands of innovative products for dozens of diverse markets. 3M’s core strength is applying its more than 40 distinct technology platforms – often in combination – to a wide array of customer needs. With $23 billion in sales, 3M employs 75,000 people worldwide and has operations in more than 65 countries. For more information, visit www.3m.com or follow @3MNews on Twitter.
