PITTSBURGH – Plextronics Inc. has received investment capital from Applied Ventures LLC, the venture capital arm of Applied Materials Inc.

The funds will help Plextronics expand its product development and manufacturing capabilities, as well as increase its investment in sales and marketing activities.

Plextronics has raised a total of $41 million in equity capital during the last five years, including $20.6 million in financing from a group of venture capital companies, and from the Sustainable Energy Fund of Central Eastern Pennsylvania.