Significant Milestone to Expand Presence in Taiwan
MIGDAL HA'EMEK, ISRAEL / ACCESSWIRE / September 25, 2018 / PV Nano Cell Ltd. (OTCQB: PVVNF), an innovative producer of single-crystal, metal nano metric based products and conductive digital inks which are also suitable for 3D printing, today announced it has executed a Cooperation agreement with AzTrong.
AzTrong, a leading special materials supplier company in Taiwan, has agreed and already started to sell and distribute PV Nano Cell Sicrys™ inks in Taiwan. This commercial cooperation is a significant step for PV Nano Cell to expand its presence in Taiwan.
PV Nano Cell is the developer of the state-of-the-art Sicrys™ conductive inks based on single crystal nano particles of silver and copper.
PV Nano Cell's Chief Executive Officer, Dr. Fernando de la Vega, commented, "We are excited to cooperate with AzTrong, expanding their special materials portfolio, to introduce our Sicrys™ inks to Taiwan demanding market. The fact that AzTrong, a leading supplier of graphene special materials for printed electronics in Taiwan, has chosen us to expand their material portfolio is an additional market recognition for our Sicrys™ unique products. This is in continuation to the commercial agreements with leading distributors as Figen, Japan and companies such as Merck and others to supply commercial quantities of our Sicrys™ products."
"With today's demand on conductive ink for rapid digital design, prototyping and full-scale manufacturing, AzTrong is very excited to partner with PV Nano Cell Sicrys™ inks technology to provide solutions for these emerging needs," said Kuan-Tsae Huang, President and Chief Executive Officer of AzTrong Inc. "Our continual research to introduce new capabilities and innovation in digital printing portfolio reflects our commitment to help our customers stay on the cutting edge and to differentiate themselves."
AzTrong is a global leader to provide graphene-based solutions. In addition to supply graphene materials with consistency, stability, reliability and dispersibility for its client's needs, AzTrong also provides customized conductive ink to develop tailored solutions for diverse new applications, including touch screen edge electrode market, automotive, in-mold electronics, electronic textile and wearable electronics, 3D antennas, EMI Shielding, 3D printed electronics, multi-layer ceramic capacitors (MLCC), semiconductor packaging, etc. We can rapidly tailor formulations for specific customer requirements. This allows product designers to immediately test a new design, speed up iteration turnaround, save on material costs. This methodology also can be adapted to non-planar printing, enabling a series of new and emerging applications. AzTrong is based in Hsinchu Science Park, Xiamen Lota new material park and Rockville, Maryland. For additional information, please visit: http://www.aztrong.com/index.html.
About PV Nano Cell
PV Nano Cell has developed innovative conductive inks for use in printed electronics (PE) applications and solar photovoltaics (PV). PV Nano Cell's Sicrys™ ink family is a single-crystal, nanometric silver conductive ink delivering enhanced performance. Sicrys™ is also available in copper-based form, delivering all of the product's properties and advantages with improved cost efficiency. Sicrys™ silver conductive inks are been implemented in mass production applications and used all over the world in a range of digital printing applications developments, including photovoltaics, printed circuit boards, antennas, sensors, touchscreens and other applications. In addition, PV Nano Cell has expanded its capabilities to include an Integrated prototyping, design and R&D unique printer by the recent acquisition of DigiFlex. For more information, please visit www.PVNanoCell.com.
This press release contains forward–looking statements. The words or phrases "would be," "will allow," "intends to," "will likely result," "are expected to," "will continue," "is anticipated," "estimate," "project," or similar expressions are intended to identify "forward-looking statements." All information set forth in this news release, except historical and factual information, represents forward–looking statements. This includes all statements about the Company's plans, beliefs, estimates and expectations. These statements are based on current estimates and projections, which involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. These risks and uncertainties include issues related to: rapidly changing technology and evolving standards in the industries in which the Company operates; the ability to obtain sufficient funding to continue operations, maintain adequate cash flow, profitably exploit new business, and sign new agreements. For a more detailed description of the risks and uncertainties affecting PV Nano Cell, reference is made to the Company's latest Annual Report on Form 20-F which is on file with the Securities and Exchange Commission (SEC) and the other risk factors discussed from time to time by the Company in reports filed with, or furnished to, the SEC. Except as otherwise required by law, the Company undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
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SOURCE: PV Nano Cell Ltd.
Released September 27, 2018