Partnership Focused On Using Printing Processes And Materials Expertise To Develop Next Generation Of Power Sources And Integrated Products
CHICAGO – May 19, 2011 - R. R. Donnelley & Sons Company (NASDAQ:RRD) and Solicore Inc. today announced that RR Donnelley has taken an equity position in Solicore. Headquartered in Lakeland, FL, Solicore is a worldwide leader in embedded power solutions, providing patented products to manufacturers of smart cards, RFID devices, medical products, and electronic sensors.
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 Donnelly’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
This press release contains forward-looking statements, including statements containing the words "planned," "expects," "believes," "strategy," "opportunity," "anticipates" and similar words. Such forward-looking statements are subject to known and unknown risks, uncertainties or other factors that may cause Solicore, Inc's actual results to be materially different from historical results or any results expressed or implied by such forward-looking statements. Solicore, Inc. assumes no obligation to update any forward-looking statements to reflect events or circumstances arising after the date hereof. The potential risks and uncertainties which could cause actual growth and results to differ materially include but are not limited to, customer acceptance of the company's services, products and fee structures, the success of the company's brand development efforts, the volatile and competitive nature of the battery industry, and changes in domestic and international market conditions, and foreign exchange rates.