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April 20, 2006
Liquavista Poised To Make Displays Brighter
New Venture Partners has spun Liquavista out of Philips with an undisclosed amount of funding from both sides. The Dutch startup is looking to market equipment used to make brighter displays for mobilephones, MP3 players, and other electronic devices. It uses a diffeerent technique and materials compared to LCD, the industry standard for displays, but the founders say that the equipment is compatible with existing LCD production lines.
This is the first startup resulting from a contract that NVP signed with the Dutch electronics company a year ago to spin out promising R&D projects.
NVP has a similar partnership with British Telecommunications plc (BT), which has resulted in the following startups: Azure Solutions Ltd., Vidus Ltd. (acquired by NASDAQ-listed @Road), Evolved Networks Ltd, Psytechnics and iO Microwave Photonics Inc.
Its claim to fame is a Lucent venture portfolio that had done well since NVP got its hands on it. Some of the spinoffs (and exits) include iBiquity Digital, Flarion (acquired by Qualcomm), Vallent (formerly Watchmark-Comnitel), LPSS (now Intrado), Celiant (now part of Andrew Corp.) and Internet Photonics (now part of Ciena).
Posted on April 20, 2006 10:19 AM | Posted to Displays | Venture Capital | Permalink
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