ALM.L Share News (ALM)

(ShareCast News) - US science and technology developer Allied Minds has created a new subsidiary Vatic Materials, which has agreed to license certain materials technologies from Pennsylvania State University.Vatic Materials is to focus on developing materials and fabrication processes for transparent conducting thin films, such as on touch screens, lighting and photovoltaics, that will allow conductive surfaces to be potentially thinner and more cost effective.The technology, developed by Penn State's materials science Professor Roman Engel-Herbert, could be used in several industries, including consumer electronics, advanced building materials, and solid-state lighting.Chris Silva, Allied Minds chief executive, said: "Transparent conductive materials play an integral role in modern electronic devices, their contribution to touchscreens alone have made these materials a necessity for our smartphones, tablets, and wearables."The materials developed by Dr. Engel-Herbert and his team have the potential to empower further advances in this area and enable applications that were previously cost-prohibitive."