Intel Invests in Electronic Paper Display Company
Online staff -- EDN, March 22, 2005
E Ink Corp., a 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, E Ink's president and CEO, in a statement.
But the infusion wasn't overlooked, as Ken Titlebaum, VP of finance at the company, added: "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."
E Ink has seen interest from some of the biggest players in the industry. Besides Intel, Philips and Sony have worked with the company.
E Ink's products allow 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 for more than 90 percent power savings compared to traditional displays and greatly extending the battery life of portable devices, according to the company.
