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Bayer MaterialScience increases focus on innovative businesses

Bayer MaterialScience AG : 07 April, 2006  (Company News)
Bayer establishes a start-up company for the production of electroluminescent films EUR 24.5 million investment volume / Over 150 employees planned by 2012
The first series production of the special electroluminescent film was for illuminating the inside of ladies’ handbags. The technology used at LYTTRON enables films that light up when an electric current is applied to be molded into any shape, opening up endless design possibilities.

Bayer has established a start-up company for the production of electroluminescent films. The volume of investment in LYTTRON Technology GmbH, a wholly-owned subsidiary of the Bayer MaterialScience AG subgroup, is around EUR 24.5 million.

“Bayer MaterialScience is one of the world’s leading manufacturers of high-tech materials. We see ourselves as a technology driver, developing innovative materials for our customers,” said Ian Paterson, Management Board member responsible for Innovation and Marketing at Bayer MaterialScience AG. “For example, in recent months we have created structures for rapidly transforming ideas into marketable products and applications that were not previously part of our core business. Now the first promising project has given rise to a separate start-up company.” Paterson described the foundation of LYTTRON Technology GmbH as a logical step in the implementation of the company’s innovation strategy.

Engineers at the new Bayer subsidiary are looking at applications for an electroluminescent film that lights up when an electric current is applied. Previously this has only been possible for flat surfaces, but the technology used at LYTTRON now enables the films to be molded into any shape, opening up endless design possibilities.

The first series production of the special film was for illuminating the inside of ladies’ handbags. “The little light in the bag caused a sensation worldwide – we were inundated with inquiries from companies from a range of industries around the world,” said LYTTRON CEO Thilo-J. Werners.

Werners is optimistic that LYTTRON will be a success: “Concrete projects with a range of clients have already been running for some time. We also know that the markets are eagerly waiting for this innovative product.” Electroluminescent lights create full-surface light without generating heat, and at the same time offer a high degree of design freedom. Werners continued, “We are targeting the automotive industry as one of the largest markets, one key potential area being the interior lighting of glove compartments. We are also interested in the wide range of manufacturers of lifestyle goods such as cell phones.”

Development, production, marketing and administration will be set up at the Leverkusen site over the coming months. According to the current plan, LYTTRON will employ up to 150 employees by 2012.
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