Ultra-thin and low-cost flexible microcircuits, incorporated into mass-market objects and packaging, are poised to revolutionise everyday living by providing consumers with real-time information about every aspect of their environment. These devices are the work of PragmatIC Printing Ltd, a world leader in flexible electronics, which has just completed a £5.4 million funding round led by Cambridge Innovation Capital (CIC) with support from ARM Holdings and existing shareholders to scale-up its operations.
Scott White, Chief Executive Officer at PragmatIC, explains: “We have become accustomed to silicon chips being incorporated into high-value documents such as passports and credit cards, but there are limitations to how robustly and cost-effectively this can be done. Our technology platform creates a microcircuit thinner than a human hair that can be easily embedded in any flexible surface.”
The funding also allows PragmatIC to broaden its circuit design activities, including applications such as sensors, processors and wireless communications: the essential building blocks to enable the emerging Internet of Things.
“ARM is committed to identifying innovative and disruptive new technology platforms,” said Mike Muller, Chief Technology Officer of ARM. “We are supporting PragmatIC as they have the potential to dramatically extend the range of form factors and economics of embedded intelligence. We see particularly compelling possibilities to embed connectivity and computational power in everyday objects at extremely low cost.”
The funding comes alongside a growing revenue base from large multi-national customers across a number of sectors, including consumer goods, security printing and wearable electronics. While most of these relationships remain confidential, development projects with industry leaders such as Procter and Gamble, De La Rue plc and Hallmark have been previously announced.