The Electronics Group of Henkel has made an additional investment in ultra-barrier film technology innovator, Vitriflex. Henkel made its first equity investment and signed a joint development agreement with Vitriflex in May 2014 and is the lead Series C investor in this latest round.
Vitriflex, which was founded in 2010, has developed an ultra-barrier film technology that has low water vapour and oxygen transmission rates to meet the needs of emerging display technologies. Over the last year, Vitriflex says its technologists have worked in partnership with Henkel chemistry specialists to integrate optically transparent adhesives into ultra-barrier films with great success. Henkel’s additional investment in Vitriflex will progress this work, along with that of other applications.
The Series C investment assists Vitriflex’s move toward volume manufacturing capability to support multiple display technologies and sizes that range from handhelds to large-screen TV’s in excess of 100″. The company expects to have commercial product ready to ship at the end of 2015.