ORFID Corporation Signs Agreement with BASF,
the Global Chemicals Company, To Develop Printable Organic Electronics
LOS ANGELES, CA--(BUSINESS WIRE) -- July 6 2006 -- ORFID Corporation, an organic electronics
company, announced today that it has signed an agreement with BASF Future Business GmbH (BFB),
a subsidiary of BASF Aktiengesellschaft, to collaborate on the development and commercialization of
printable organic electronic devices for use in display backplanes, RFID tags and other nextgeneration
electronic products.
Under the agreement, BFB will provide organic materials, materials expertise and financial resources
for the development and commercialization of printable electronics. ORFID will build certain organic
devices and develop processes for printing and testing the devices. Both parties will share in
intellectual property related to new technology developed during their collaboration. The parties will
retain exclusive rights to their own pre-existing intellectual property.
Dr. Jonathan G. Lasch, Chairman & CEO of ORFID, said, "ORFID Corporation is pleased to enter into
a corporate collaboration with BASF, which is widely acknowledged to be at the forefront of innovation
in advanced materials and processes for the production of organic electronics. Bringing together the
global resources of BASF, ORFID's novel organic electronic devices, and the expertise of our scientific
founder, Dr. Yang Yang, and his team, at UCLA, will position our group very nicely to bring important
new products, such as thin and flexible displays, and printable RFID tags, to market."
ORFID has developed a breakthrough in organic electronics, called the VOFET (Vertical Organic Field
Effect Transistor). Due to its unique architecture and use of conductive polymers (plastics that conduct
electricity) in its fabrication, the VOFET offers performance characteristics similar to conventional,
wafer-based silicon transistors, but can be produced at significantly lower cost, while offering other
important advantages. Using organic materials, the VOFET can be manufactured using low-cost
printing techniques. ORFID's goal, and that of electronics manufacturers around the world, is to enable
the production of a new generation of ultra-thin, light-weight and flexible electronic products, such as
displays and "smart packaging" that incorporates printed RFID tags.
Through its collaboration with BASF, ORFID will gain access to advanced organic materials that offer
the potential to dramatically enhance the performance and manufacturability of the VOFET.
About ORFID Corporation
ORFID is a privately held company developing novel organic electronic devices. With its proprietary
VOFET (Vertical Organic Field Effect Transistor), ORFID, in conjunction with corporate partners and
its scientific collaborators at the University of California, Los Angeles, is developing printable organic
electronics for use in a new generation of thin, light-weight and flexible displays, RFID tags, and other
applications. The company's suite of technologies for the development and processing of organic
electronics, backed by an already strong and expanding intellectual property portfolio, has the potential
to improve dramatically the economics of the electronics industry. ORFID's co-founding investors
included Convergent Ventures, of Los Angeles, and Precision Dynamics Corporation, of San Fernando, California.
ORFID is based in Los Angeles and can be found on the web at www.orfid.com.
About BASF Future Business GmbH
BASF Future Business GmbH, a 100 percent subsidiary of BASF Aktiengesellschaft, was founded in
April 2001. It aims to open up business areas with above-average growth rates that lie outside BASF’s
current activities. The company focuses on chemistry-based new materials, technologies and system
solutions. BASF Future Business GmbH commissions research from BASF's R&D units on the one
hand, and, on the other hand, cooperates with startup companies, industrial partners, universities and
potential customers. Further tools include acquisition of a direct stake, joint ventures, with partner
companies or provision of venture capital via the subsidiary BASF Venture Capital GmbH.
