Thursday, January 04, 2007

Flexible display developer Plastic Logic lands $100M in VC

Flexible-display technology developer Plastic Logic won more than $100 million in new funding to build a manufacturing facility as investors pushed the company to shift its business model away from a licensing strategy to manufacturing its own products.

Plastic's funding is among the largest deals in European venture capital history and is a huge jump in the company's capitalization schedule, having raised a total of $42.3 million in previous funding.

The company expects to begin manufacturing display products midyear 2009, with products shipping by the end of the year.

The initial products will be standalone flexible active-matrix display units that will include connectivity hardware and that are designed to be thin, light and robust, capable of being used anywhere to provide a reading experience as close to paper as possible.

The implications for eBooks is enormous, but these devices not only allow reading, but writing, as well!

From cNet News

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