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."
About RR Donnelley
RR Donnelley (Nasdaq:RRD) is a global provider of integrated communications. Founded more than 146 years ago, the company works collaboratively with more than 60,000 customers worldwide to develop custom communications solutions that reduce costs, enhance ROI and ensure compliance. Drawing on a range of proprietary and commercially available digital and conventional technologies deployed across four continents, the company employs a suite of leading Internet based capabilities and other resources to provide premedia, printing, logistics and business process outsourcing products and services to leading clients in virtually every private and public sector.
Solicore is a worldwide leader in embedded power solutions, offering its Flexion product portfolio of advanced, ultra-thin flexible lithium power batteries for powered cards, RFID tags and micro-medical devices. Solicore's advanced battery technology is paper-thin, flexible, safe and environmentally friendly and significantly enhances the capabilities of lithium-based batteries.