Flexible-Display Developer Plastic Logic Receives $100 Million in Funding

Authored by Ned Sherman on January 4, 2007 - 12:00pm.

Cambridge, UK – UK-based Plastic Logic, announced that it has secured $100 million worth of venture capital, one of the largest deals in European venture capital history. The funding was co-led by Oak Investment Partners of Palo Alto, Calif., and Tudor Investment of Greenwich, Conn.

The company intends to use the funds to build a manufacturing facility as it shifts its business model away from a licensing strategy to manufacturing its own products. The company expects to begin manufacturing standalone flexible active-matrix display units that include connectivity hardware by 2009.

According to the release issued by the company, the products will enable the first “take anywhere, read anywhere” electronic reader products.

Related Links:
http://www.plasticlogic.com
http://tinyurl.com/y8t554
http://news.zdnet.co.uk/emergingtech/0,1000000183,39285323,00.htm
http://www.oakinv.com