Allied Minds forms new subsidiary

Allied Minds has announced the formation of a new subsidiary, Vatic Materials, which has entered into an exclusive option to license certain proprietary technology from The Pennsylvania State University (Penn State).

Vatic Materials plans to focus on developing materials and fabrication processes for advanced transparent conducting thin films that will enable conductive surfaces that are potentially thinner and more cost effective than current approaches.

Transparent conducting thin films are ubiquitous in modern electronics, enabling high performance touchscreens, lighting, photovoltaics, and more.

The proprietary technology, developed in the laboratory of Penn State Materials Science Professor Roman Engel-Herbert, could be used to serve a wide range of applications across several industries, including consumer electronics, photovoltaics, advanced building materials, and solid-state lighting.

Story provided by StockMarketWire.com

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