In addition to this equity investment, RR Donnelley and Solicore have entered into a commercial agreement to develop the next generation of integrated power solution products. The joint development agreement will leverage RR Donnelley's proprietary imaging technologies and Solicore's patented embedded power solutions to deliver products using a combination of gravure, offset, flexographic, and digital printing processes.
"RR Donnelley's definition of printing extends far beyond ink on paper," said Thomas J. Quinlan III, President and Chief Executive Officer. "Our investment in Solicore enables us to bring our technology expertise, product development resources and manufacturing scale to bear in order to serve global technology customers who are seeking to deploy printed electronics power sources in a range of innovative products."
"We believe that applying printing technology to the production of fully integrated electronic products can fundamentally change the economics of the industry," said David B. Corey, CEO of Solicore. "We look forward to using the combined strengths of Solicore's patented platform technology and RR Donnelley's imaging expertise to create innovation and scale that will revolutionize the electronics space."
"RR Donnelley is already serving complex supply chain needs for consumer, medical and commercial electronics manufacturers worldwide," added Quinlan. "We see this new capability as providing a natural extension to these important relationships."