PALO ALTO, CA and DAEJEON, KOREA--(Marketwire - Nov 12, 2012) - Samsung Fine Chemicals Co., Ltd. and PARC, a Xerox company, today announced a client relationship to apply and implement novel material technologies of Samsung Fine Chemicals in innovative printed transistor prototypes. PARC will build on its vast expertise in printed transistors in order to demonstrate Samsung's breakthrough material offerings that will enable novel display products.
In Hee Sung, Samsung Fine Chemicals CEO commented, "PARC has a significant track record of not only technology innovation, but also in innovation that creates market and new business opportunities. PARC's experience in printed transistors along with their passionate team of researchers is a key success factor in this open innovation. We are very eager to see the fruits of this relationship and hope to make progress to capture this market in the future."
PARC and Samsung Fine Chemicals will combine their expertise in materials, printed electronics, and consumer devices, and incorporate their breadth of experience towards enabling new material offerings to be part of the next wave of innovative consumer products. The engagement will demonstrate that novel, advanced materials can be integrated into new and existing products.
"Samsung Fine Chemicals is a world-class company with global reach and superior products, and we are excited about our relationship with them to help them prototype devices based on their electronic materials," said Stephen Hoover, CEO, PARC. "This work we are doing with Samsung Fine Chemicals is another step toward deploying printed electronics into various consumer electronics applications and products. We're proud of our open innovation work with such a strong, established organization."
PARC, a Xerox company, is in the Business of Breakthroughs®. Practicing open innovation, we provide custom R&D services, technology, expertise, best practices, and intellectual property to Fortune 500 and Global 1000 companies, startups, and government agencies and partners. We create new business options, accelerate time to market, augment internal capabilities, and reduce risk for our clients. Since its inception, PARC has pioneered many technology platforms -- from the Ethernet and laser printing to the GUI and ubiquitous computing -- and has enabled the creation of many industries. Incorporated as an independent, wholly owned subsidiary of Xerox in 2002, PARC today continues the research that enables breakthroughs for our clients' businesses.
About Samsung Fine Chemicals
Samsung Fine Chemicals is a chemical affiliate of Samsung Group and a producer of electronic materials -- Laser Printer Toner, BT Powder, and Liquid Crystal Polymer -- and specialty chemicals used in a variety of industrial applications, including pharmaceutical coatings materials and construction additives. SFC is reinforcing the business portfolio by expanding into environmentally friendly products through biodegradable polymer and renewable energy materials. SFC's common stock is listed on the Korean Stock Exchange under the symbol "004000.KR" and is included in the KOSPI 200 Index. For more information on SFC, please visit www.sfc.samsung.co.kr.