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July 19, 2006
Pelikon Eyes IPO After Two Rounds Of VC
Pelikon, a Welsh startup specialized in plastic displays, is putting the word out that it is heading for on an IPO within the next 18 months, according to local press reports. It actually first mentioned an IPO when it closed its second round last fall.
Pellikon, whose technology competes with OLED displays, a plastic electronics technology, has made been making some headway in getting its flexible, glowing, keypads into the appliance and consumer electronics markets, shipping some 1.5M units. It now has its eye on mobilephones, according to a report in IC Wales. 
Pelikon says its technolgy can challenge OLED and LCD, for example, as the small displays on the outside of a fliptop mobilephone. It can also be a backlight for super-flat keypads that flash when a call is coming in or highlight certain key for gaming applications, for example.
Founded in 2000, Pelikon has received two rounds of venture capital funding: £3m in 2000 and £5m in 2005. Both deals were led by Advent Venture Partners, which has been heading for the exit with several portfolio firms via the stock market in recent months.
Read - Pelikon Looks To Mobile (Ic wales)
Posted on July 19, 2006 12:28 PM | Posted to Hardware | Permalink
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