LONDON Liquavista BV (Eindhoven, The Netherlands) has announced that it has closed a Series D round of funding of 7 million euros (about $9.5 million). The company said the money would be used to accelerate the commercialization of its electrowetting display technology and its appearance in products in 2011.
All of Liquavista's existing investors took part in the round; Amadeus Capital Partners, GIMV, Prime Technology Ventures and Applied Ventures.
"Our investors have been impressed with the enormous interest in Liquavista from players in the smart mobile device industry. Combined with very strong demand for our newly launched system development kits, this gave them the confidence to further support our drive into our main strategic markets in 2010," said Guy Demuynck, Liquavista's CEO, in a statement.
"With our video capability and full color, and our low power and unsurpassed outdoor viewability, we make it impossible for existing display technologies to compete with the versatility that Liquavista's technology can offer," said Nigel Litchfield, Liquavista chairman, in the same statement.
Liquavista's LCD 2.0 product platforms are suitable for e-reading and tablet devices, offering increased versatility for the manufacturer and the consumer.
Liquavista adds multimedia and video capabilities to the existing benefits offered by e-paper, such as outdoor readability and intelligent low power management. Such devices are expected to achieve annual volumes of tens of millions of units, Liquavista said.
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