Seashell Technology Announces Acquisition of Silver Nanowire Technology by BASF
Ludwigshafen, Germany and San Diego, United States – March 10, 2015 – BASF Corporation and Seashell Technology,
a leading nanotechnology company based in San Diego, California, announced today 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 nanowires.”
“Seashell’s nanotechnology has long been regarded as best-in-class, and we are very excited to bring this technology
platform to BASF,” said Dr. Lothar Laupichler, 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.
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. BASF shares are traded on the stock exchanges in Frankfurt (BAS), London (BFA)
and Zurich (AN). Further information on BASF is available on the Internet at www.basf.com.