LONDON Liquavista BV (Eindhoven The Netherlands), a spin-off from Philips Research Labs that has developed an electrowetting display, has closed its Series C funding round of 5 million euro (about $7 million).
The investment was led by existing investors Amadeus Capital Partners, GIMV and Prime Technology Ventures.
Electronic readers are set to be the first products to use Liquavista displays, the company said. At present E Ink has strong position in prototype e-readers but predominantly with black and white displays. E Ink was recently acquired by Prime View. Liquavista did not disclose any design wins.
Liquavista's technology enables high-contrast paper-like display that will provide improved usability, content compatibility and cost compared with first generation electronic paper technologies. The electronic reader market is predicted to be worth more than $25 billion per year by 2020.
Liquavista’s first active-matrix technology platform, LiquavistaBright, will be ready for transfer to manufacturing partners in the third quarter 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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