Elmhurst, IL— Plymouth Management Company (“PMC”) announces its fifth investment from Plymouth Venture Partners Fund II (“PVP II”), in UICO, LLC of Elmhurst, Illinois. UICO designs and manufactures the world’s leading family of industrial grade projected capacitive touchscreens under the brand duraTOUCH®. UICO’s innovative technology and solutions enable equipment manufacturers to deliver proven, best-in-class touch features in extreme environments of use including industrial, military, and inclement weather. UICO’s products are differentiated and especially well-situated for these markets due to their ability to deliver products, with high resolution, while combining the features of full functionality in a wet environment, while using gloves, all with thick and durable touch screen materials.
Plymouth was attracted to UICO due to its leading edge touch screen technology, strong management team, the traction the company has had with major companies throughout the U.S., and the rapidly growing market in which it operates.
Mark Horne, PMC’s Chief Executive Officer, commented “UICO has developed a unique, feature rich product that is experiencing growing demand. The industry’s move to PCap technology is expected to be a large driver in pushing customers to the UICO technology. Additionally, we have been impressed with the company’s leadership and are excited to work with the UICO team to bring its products to the forefront of a fast moving industry.”
Bahar Wadia, UICO’s President and CEO added “We are pleased to be working with Plymouth Ventures as we enter the next growth phase in our company’s progression. The financing round they led will make it possible to fully deploy our strategy, allowing us to better service our customers and capture a large portion of a rapidly growing market for durable touch screens.”
Plymouth Management Company Partner Jeff Barry will take a Board seat with the company and assist UICO in achieving further growth.
About Plymouth Venture Partners II, L.P.
Fund II is a follow-on fund to Plymouth Venture Partners Fund I. PVP I became fully invested in 2009 after completing investments in 29 companies. Plymouth Venture Partners II invests in growth stage companies in the Great Lakes region. For more information, please visit www.plymouthvc.com.
About Plymouth Management Company
Plymouth Management Company is the manager for Plymouth Venture Partners I and Plymouth Venture Partners II. The company has four partners, Mark Horne, Ian Bund, Jeff Barry, and Bob Savage, and offices in Ann Arbor, Michigan and Toledo, Ohio. For more information, please visit www.plymouthvc.com.
UICO is maker of duraTOUCH®, the world’s leading family of industrial-grade projected capacitive touchscreens. UICO’s innovative technology and solutions enable equipment manufacturers to deliver proven, best-in-class touch features in extreme environments of use. UICO is headquartered in Elmhurst, IL with key suppliers and manufacturing partnerships worldwide to support a large and
growing customer base of leading OEMs in medical, military, industrial and other commercial product segments. For more information, please visit www.uico.com.