Cambridge, UK Plastic Logic, a developer of plastic electronics technology, has been named as a Technology Pioneer by the World Economic Forum.
Stuart Evans, Plastic Logic's CEO, will attend the Forum's annual meeting in Davos, Switzerland in January and participate in a panel on demystifying innovation, which will include discussion on plastic electronics.
Founded in 2000, Plastic Logic is a spinout from the University of Cambridge and is privately owned. It has over 40 employees and is based in a facility on the Cambridge Science Park with clean room, labs and offices.
It was set up to develop and exploit new technology and processes that combine the power of electronics with the pervasiveness of printing. The company has a growing portfolio of patents based on inkjet printing of active electronic circuits using advanced plastic materials.
The company believes its technology has the potential to change radically the economics of key segments of the semiconductor industry. Capital costs will be significantly lower than for silicon by eliminating conventional photolithography, vacuum processing and high temperatures. The technology could simplify manufacturing large area electronics and flexible substrates. Initial target markets include active matrix backplanes for displays, electronic labels and intelligent packaging.
Jose Maria Figueres, co-chief executive of the World Economic Forum, said, “Each innovation, whether it has large or small consequences, is another step in society's attempt to harness, adapt and utilise technology to change and improve the way business and society operate. Through the Technology Pioneers programme, the Forum identifies and integrates those companies around the world that are involved in the design and development of new technologies.”
The Technology Pioneers are selected by an independent process based on criteria including innovation, potential impact, growth and sustainability, proof of concept, leadership and status.
The company must not currently be a Member of the World Economic Forum which if funded by the 1,000 foremost global companies. This criterion applies to the parent company — thus wholly owned subsidiaries of large firms are not eligible.