PV Nano Cell Ltd (PVNNF)

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PV Nano Cell Signs Agreement with Healthcare Giant to Develop Sensors Digital Printing Solution Using Resistor & Gold Inks

GlobeNewswire GlobeNewswire•June 10, 2020

MIGDAL HA’EMEK, Israel, June 10, 2020 (GLOBE NEWSWIRE) -- PV Nano Cell Ltd. (OTC: PVNNF), (the “Company”), an innovative provider of inkjet-based conductive digital printing solutions and producer of conductive digital inks, today announced that it has signed, under NDA, an agreement with a well-known, world-leading multinational healthcare company to develop a new inkjet printing technology for the fabrication of sensors using resistor and gold inks.

As part of the funded project, PV Nano Cell will develop two project-dedicated inks. The first ink is a high resistance ink – resistor ink and the second ink is a gold based ink. After the successful completion of the inks development, PV Nano Cell will develop the printing process technology to allow mass-production inkjet printing of the sensors. The resistor ink is based on PV Nano Cell prior work and knowledge, developing breakthrough materials and process technologies for embedded passive components.

PV Nano Cell’s Chief Executive Officer, Dr. Fernando de la Vega, commented, “We are honored to have been selected by this world-renowned multinational company for the project. The technology we are developing is expected to result in a dramatic drop in the current cost of fabricating the sensors. PV Nano Cell is working on further developing and expanding of its technology to print embedded passive components. We have already printed resistors and also capacitors using conductive and dielectric ink and believe this is a strategic development applicable to many markets and applications. As recently announced, sensor solutions provider HENSOLDT together with Printed Electronics (PE) provider, Nano Dimension Ltd., recently succeeded in assembling the world-wide first 10-layer inkjet printed circuit board (PCB). The board carries a high-performance electronic structures soldered to both outer sides. We believe such advancements prove the need and feasibility of embedded passive components.”

PV Nano Cell’s Chief of Business Development Officer, Mr. Hanan Markovich commented, “The technology we are now developing is expected to have a dramatic impact on the bottom-line cost of production of our partner’s sensors. The development is well on its way and we’re expecting to meet all milestones as planned. We look forward to finish the development of the two inks and start working on the printing process. During the project, our DemonJet printer will be used to print both the resistor and gold inks. We further plan to use our printer to print dielectric ink as well. Using our 10 channels print head, the DemonJet is capable of printing multiple materials and thus print embedded passive components.”

https://finance.yahoo.com/news/pv-nano-cell-signs-agreement-110010348.html