Kuraray and Vitriflex Launched a New Strategic Collaboration

  Kuraray and Vitriflex Launched a New Strategic Collaboration

Business Wire

TOKYO -- October 25, 2013

In August 2013, Kuraray Co.,Ltd. (TOKYO:3405), a specialty chemical company
headquartered in Tokyo, Japan, and Vitriflex Inc., a leading developer of
high-performance barrier films based in San Jose, California, launched a new
strategic collaboration to accelerate Vitriflex’s technology development and
production scale-up. As part of that strategic collaboration, Kuraray led a
new equity investment round in Vitriflex and Toshio Suzuki, Vice President of
Kuraray America Inc., based in Houston, Texas, was appointed to the Board of
Vitriflex.

Vitriflex encapsulation provides electronic devices with cost-effective
protection from moisture and oxygen, improving their lifetime and reliability.
Vitriflex ultra-barrier film is flexible, thin, lightweight, and shatterproof,
enabling the replacement of glass as an encapsulant.

Kuraray launched its Silicon Valley branch in 2011, in order to explore new
technologies and collaboration with startups. Kuraray is excited by the great
potential of Vitriflex’s technology, and it views the Vitriflex collaboration
and investment as the beginning of an increase in its collaborative activity
with startups.

About Kuraray

Kuraray is a specialty chemical company with approximately $3.7B in annual
sales and about 7,000 employees world wide. Kuraray specializes in
manufacturing differentiated high performance polymers and products, including
PVOH resin and film, EVOH resin and film, and other industry-leading products.
Kuraray considers the electronic device market segment a strategic priority,
and is enhancing its business opportunities by investing in new technologies
aligned with this priority.

About Vitriflex

Vitriflex is a leading developer of high-performancebarrier films for
flexible electronics, founded in 2010, and based in Silicon Valley in
California. Vitriflex ultra-barrier encapsulation provides cost-effective
protection from moisture and oxygen, improves lifetime and reliability, and
has the added benefits of being flexible, thin, lightweight, and shatterproof.
Vitriflex enables exciting new categories of flexible solar modules, next
generation OLED and LCD displays, and solid state lighting.

Contact:

Kuraray Co., Ltd.
Kazushi Koyama, +81-3-6701-1080
Corporate Communications Dept.