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May 11, 2006
Plastic Logic Looking For New Capital?
Plastic Logic, a UK company that makes key parts for OLED displays, is going to be investing between $50M and $100M to build a new plastic electronics fabrication plant, according to one of its backers in an article in EETimes.
He did not say how the fab would be financed.
From the EETimes
Plastic Logic (Cambridge, England) has a roughly 12-inch diagonal display prototype working that combines an active plastic logic backplane with an electrophoretic display technology from E Ink (Cambridge, Mass.). The company announced a collaboration with E Ink in December 2004.Hauser [Hermann Hauser of Amadeus, one of its VC backers] told his audience said that Plastic Logic is performing a detailed investigation of the costs of volume manufacturing of such active backplanes and that it seemed likely that the factory would cost between $50 million and $100 million and would be able to turn out millions of displays a year.
“We can build our first fab starting now for completion in about 18 months,” Hauser said. He said that after selection of a location, construction would begin in 2007 with a view to volume manufacturing in 2008.
Plastic Logic has raised more than $50M in venture capital to date from US, Chinese, European, and Japanese investors.
Read - Cambridge Startup Mulls Plastic Electronics
Posted on May 11, 2006 06:44 AM | Posted to Displays | IPO | Venture Capital | Permalink
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