BASF SE (BASFY)

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BASF Acquires Nanowire Technology From Seashell
Posted on April 10, 2015
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BASF Corporation and Seashell Technology, a leading nanotechnology company based in San Diego, have announced that BASF has acquired Seashell's technology, patents and know-how for silver nanowires.

The acquisition extends BASF's portfolio of solutions offered to the display industry through the company's growing Electronic Materials unit. "Seashell is an early pioneer in silver nanowire technology and has enabled development of multiple application areas and uses for these unique materials," explained David Schultz, CEO of Seashell.

"Seashell is excited to transfer the technology to BASF, which has the expertise and infrastructure to meet the growing demand for silver nano wires." "Seashell's nanotechnology has long been regarded as best-in-class, and we are very excited to bring this technology platform to BASF," said Lothar Laupichler, Ph.D., Senior Vice President, Electronic Materials at BASF.

"We will build on this platform and develop innovative, efficient next generation silver nanowires tailored to the needs of our customers in the display industry and strengthen our recognition as a leader in the electronic materials industry."

With unique properties such as higher conductivity and flexibility, silver nanowires are becoming an increasingly attractive alternative to indium tin oxide (ITO) for transparent conductive layers. Transparent conductors are widely used in today's touch displays in consumer electronics such as mobile phones, tablets or all-in-one PCs.

About Seashell Technology LLC: Seashell Technology LLC, based in San Diego, California, established in 1996, has over fifteen years of nanomaterial expertise. Seashell is engaged in the development and production of specialty materials and coatings that incorporate micro- and nanoscale features.

These materials are supplied to academic and corporate research and development projects and for industrial processes.

About BASF BASF Corporation, headquartered in Florham Park, New Jersey, is the North American affiliate of BASF SE, Ludwigshafen, Germany. BASF has more than 17,000 employees in North America, and had sales of $20.6 billion in 2014. For more information about BASF's North American operations, visit www.basf.us .

At BASF, we create chemistry - and have been doing so for 150 years. Our portfolio ranges from chemicals, plastics, performance products and crop protection products to oil and gas. As the world's leading chemical company, we combine economic success with environmental protection and social responsibility.

Through science and innovation, we enable our customers in nearly every industry to meet the current and future needs of society. Our products and solutions contribute to conserving resources, ensuring nutrition and improving quality of life. We have summed up this contribution in our corporate purpose:

We create chemistry for a sustainable future. BASF had sales of over €74 billion in 2014 and around 113,000 employees as of the end of the year. Further information on BASF is available on the Internet at www.basf.com .





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