March 15, 2007 Nanoident has opened the world’s first manufacturing facility for printed semiconductor-based optoelectronics. The factory will offer high-volume production and will use the company’s Semiconductor 2.0 Platform to deliver printed semiconductor-based products. With its environmentally friendly production process, the OFAB can produce printed electronic devices quickly and at a fraction of the cost of a traditional silicon-based semiconductor fab. The technology will yield cost-effective, custom designed devices for applications such as industrial, chemical, biological, biometric and X-ray sensors, printed OLED displays for smart packaging and electronic signage. According to c/net news, a traditional factory that can produce 40,000 square meters of silicon computer chips would cost about $1.3 billion and require about 5,000 employees. The Nanoident factory costs about $10 million and can be run by about 50 people.