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 user 2005-03-30 at 10:29:00 am Views: 54
  • #11167

    E Ink Receives Investment from Intel Capital

    CAMBRIDGE,Mass.,March 05–E Ink Corporation, the leading developer and
    marketer of electronic paper display technology, today announced that Intel
    Capital has invested an undisclosed amount in the company.

    “Intel Capital has a global reputation and brings a wealth of resources
    beyond simple cash,” said Russ Wilcox, President and CEO.

    “We are pleased to receive Intel Capital’s investment and will be using this
    funding to help improve the next generation of our paper-like display technology
    through increased R&D,” said Ken Titlebaum, Vice President of

    E Ink Corporation products enable a new type of electronic display with a
    bright white background and crisp text and pictures similar to printed
    documents. Once updated, the display can maintain an image without using power,
    enabling over 90% power savings compared to traditional displays and greatly
    extending the battery life of portable devices. Some versions are available on
    plastic and can be flexed and rolled, combining the complete look and feel of a
    paper document with the versatility of digital control and wireless update. The
    company’s products are used in electronic book devices, information kiosks, and
    advertising signage. Future uses for E Ink’s technology include smartcards,
    watches, clocks, medical devices, consumer electronics, and mobile

    NOTE: E Ink also announced today the addition of Geoff Wild CEO and President
    of Nikon Precision, Inc., to its Board of Directors.

    About E Ink

    E Ink Corporation is the leading developer of electronic paper display (EPD)
    technologies. Products made with E Ink’s revolutionary electronic ink technology
    possess a paper-like high contrast appearance, ultra-low power consumption, and
    a thin, light form. E Ink’s technology is ideal for many consumer and industrial
    applications spanning handheld devices, watches, clocks, and public information
    and promotional signs. Future technology developments will enable many new
    applications through ultra-thin, lightweight, rugged, flexible, full color
    displays. E Ink is a private corporation that includes among its investors and
    strategic partners TOPPAN Printing Company, Royal Philips Electronics, The
    Hearst Corporation, Intel Capital, CNI Ventures, a division of Gannett Co., Inc,
    Air Products and Chemicals, Inc., Vossloh Information Technologies, and
    Motorola, Inc.

    About Intel Capital

    Intel Capital, Intel’s strategic investment program, focuses on making equity
    investments and acquisitions to grow the Internet economy in support of Intel’s
    strategic interests. Intel Capital invests in hardware, software and services
    companies in several market segments, including computing, networking, and
    wireless communications.