Applied Ventures Portfolio Company, Tera-Barrier, Receives Additional Investment

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Executives at the signing ceremony included (from right to left) Russell Tham, regional president, Applied Materials South East Asia, Koichi Takeda, director, KISCO Ltd, Dr Mark Auch, CEO, Tera-Barrier, Masayuki Nakazawa, managing director, KISCO (Asia) Pte. Ltd. and Philip Lim, CEO, Exploit Technologies Pte. Ltd.

Applied Ventures welcomed another investor in one of its portfolio of companies, Tera-Barrier. As a spin‐off company from the Institute of Materials Research and Engineering/A*STAR, the company has a strong patent portfolio (29 patents) on transparent gas barrier technology, encapsulation and gas permeation measurement system has been transferred to the company.

The Announcement

KISCO LTD. has made a strategic investment in the company’s Series “A” Investment round and became the company’s Exclusive Distributor for Asia Pacific.

What this means for Applied Ventures

The funds will allow the company to continue its efforts to commercialise its proprietary, moisture resistant films for extending the lifetime of devices such as organic solar cells and flexible displays.

As OLED displays, solar photovoltaics, and other flexible electronics gain in popularity, we believe that barrier and encapsulation technology will become increasingly critical. Applied Ventures is committed to investing in and furthering the development of breakthrough technologies that will enable these industries to improve device performance while reducing costs.

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