Tera-Barrier Films Pte. Ltd. just announced that Applied Materials has made a strategic investment in their company via its investment arm, Applied Ventures LLC. Applied’s investment money will be used by Tera-Barrier to develop moisture-resistant film for organic solar cells and flexible displays. The film will protect solar cells and electronics from moisture, decreasing cost and increasing life span.

In a press release, J. Christopher Moran, vice president and general manager of Applied Ventures, commented on the investment:

“This investment is in line with Applied Materials’ strategy to spur development of a broad range of products that not only serve customers’ needs, but conserve the Earth’s natural resources, and make alternative energy and environmental solutions more accessible and affordable. We are pleased that our investment in Tera-Barrier will be used to support the commercialization of this breakthrough technology to enable a new generation of advanced devices.”