« French Chip Tool Co Grows With Acquisition | Main | Chip Packager Hymite Closes Series B At €9M »
January 05, 2007
Polymer Vision Raises $21M - Rival For Plastic Logic?
The Netherlands-based Polymer Vision, a spinoff of the Philips, has raised $21M from a Luxembourg based investment company called Technology Capital SA.
Interesting timing for the announcement, coming as it does on the back of Plastic Logic's big VC round earlier in the week. So we asked Polymer’s chief marketing man, Thomas van der Zijden, if the two firms are rivals. He says no, pointing out that the products are targeted at different markets and have different properties, although both are depending on E-Ink's technology for the front plane.
Business-wise, the British company aims to manufacture its own displays in Germany, whereas the Dutch firm is going for the fabless model.
We also asked about the differences between the products, and what Polymer Vision intends to do with the new money, also we wanted to know who is behind Technology Capital, a brand new name for us. See Interview below.
a:c - What is the new capital for - is it to finance capex or hire more people?
PV:A combination of both with the primary focus to enable market launch in 2007.
The investors are unknown to us, who are they and why you decided to work this particular investor?
PV: Technology Capital SA in Luxemburg is a new investment company in Europe funded by private investors and Polymer Vision is their very first investment. The focus of Technology Capital will be on startup technology companies in Europe and we expect the firm to increase its public relations efforts in the coming months.Technology Capital shares Polymer Vision’s strategy and vision. It supports our ambition to lead the opportunities in the rollable display market. With Technology Capital as our solid investment partner and a first-rate team of people in Polymer Vision we can focus on capitalizing on this opportunity and further strengthening our lead position.
a:c- Is your business model a fabless model?
PV: Indeed we work together with partners to manufacture our products.
a:c - When will you be shipping first product?
PV: 2007
a:c - How is the Polymer Vision display different from that of Plastic Logic's?
PV: Polymer Vision's display is truly rollable allowing for integration in small handheld (pocketable) devices. For the first time in the world the display size can be larger than the device itself. When not in use the display can be simply rolled into the device. Visit our website to watch the video:
Posted on January 5, 2007 08:26 AM | Posted to Displays | News And Updates | Plastic electronics | Permalink
Trackback Pings
TrackBack URL for this entry:
http://www.thealarmclock.com/mt/mt-tb.cgi/2751
