Funding
Liquavista, a specialist in display manufacturing technologies, has announced the closing of its third round funding of €5 million from existing investors Amadeus Capital Partners, GIMV and Prime Technology Ventures.
Nigel Litchfield, chairman of Liquavista, said “Given current economic conditions [the fundraising] demonstrates our investors’ strong belief in the market potential of Liquavista’s electrowetting-based displays and in our focused strategy for achieving market penetration.”
The first products to use Liquavista displays will be the next generation of electronic readers. The company says its technology enables new types of paper-like display that will provide improved usability, and content compatibility and lower cost compared with first generation electronic paper technologies. The fast growing electronic reader market place is predicted to reach over $25 billion in value by 2020 .
Liquavista’s first active-matrix technology platform, LiquavistaBright, will be ready for transfer to manufacturing partners in the summer of 2009. The manufacturing process is compatible with conventional display fabrication methods and is offered as an upgrade to existing manufacturing facilities.
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