CHICAGO, May 19, 2011 (GLOBE NEWSWIRE) -- R. R. Donnelley & Sons Company (Nasdaq:RRD) and Solicore Inc. today announced that RR Donnelley has taken an equity position in Solicore. Headquartered in Lakeland, FL, Solicore is a worldwide leader in embedded power solutions, providing patented products to manufacturers of smart cards, RFID devices, medical products, and electronic sensors.
In addition to this equity investment RR Donnelley and Solicore have entered into a commercial agreement to develop the next generation of integrated power solution products. The joint development agreement will leverage RR Donnelley's proprietary imaging technologies and Solicore's patented embedded power solutions to deliver products using a combination of gravure, offset, flexographic, and digital printing processes.
"RR Donnelley's definition of printing extends far beyond ink on paper," said Thomas J. Quinlan III, President and Chief Executive Officer. "Our investment in Solicore enables us to bring our technology expertise, product development resources and manufacturing scale to bear in order to serve global technology customers who are seeking to deploy printed electronics power sources in a range of innovative products."
"We believe that applying printing technology to the production of fully integrated electronic products can fundamentally change the economics of the industry," said David B. Corey, CEO of Solicore. "We look forward to using the combined strengths of Solicore's patented platform technology and RR Donnelley's imaging expertise to create innovation and scale that will revolutionize the electronics space."
"RR Donnelley is already serving complex supply chain needs for consumer, medical and commercial electronics manufacturers worldwide," added Quinlan. "We see this new capability as providing a natural extension to these important relationships."
About RR Donnelley
RR Donnelley (Nasdaq:RRD) is a global provider of integrated communications. Founded more than 146 years ago, the company works collaboratively with more than 60,000 customers worldwide to develop custom communications solutions that reduce costs, enhance ROI and ensure compliance. Drawing on a range of proprietary and commercially available digital and conventional technologies deployed across four continents, the company employs a suite of leading Internet based capabilities and other resources to provide premedia, printing, logistics and business process outsourcing products and services to leading clients in virtually every private and public sector.
For more information and for RR Donnelley's Corporate Social Responsibility Report, visit the company's web site at www.rrdonnelley.com
About Solicore
Solicore is a worldwide leader in embedded power solutions, offering its Flexion product portfolio of advanced, ultra-thin flexible lithium power batteries for powered cards, RFID tags and micro-medical devices. Solicore's advanced battery technology is paper-thin, flexible, safe and environmentally friendly and significantly enhances the capabilities of lithium-based batteries.
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Use of Forward-Looking Statements
This news release may contain "forward-looking statements" as defined in the U.S. Private Securities Litigation Reform Act of 1995. Readers are cautioned not to place undue reliance on these forward-looking statements and any such forward-looking statements are qualified in their entirety by reference to the following cautionary statements. All forward-looking statements speak only as of the date of this news release and are based on current expectations and involve a number of assumptions, risks and uncertainties that could cause the actual results to differ materially from such forward-looking statements. Readers are strongly encouraged to read the full cautionary statements contained in RR Donnelley's filings with the SEC. RR Donnelley disclaims any obligation to update or revise any forward-looking statements.
CONTACT: Media Contact: Doug Fitzgerald, Executive Vice President Communications: Tel: 630-322-6830 E-mail: doug.fitzgerald@rrd.com Investor Contact: Dave Gardella, Senior Vice President Investor Relations: 312-326-8155 E-mail: david.a.gardella@rrd.com
