"We evaluated multiple locations and potential partners across the globe for our second factory. We determined Russia with Rusnano as an investment partner was the best fit for our business,” said Plastic Logic CEO Richard Archuleta, in a statement. "Rusnano has demonstrated it is fully invested in our goal to commercialize plastic electronics. We are gratified by the Rusnano investment package and the continued commitment of Oak Investment Partners in bringing this disruptive technology to market."
Georgy Kolpachev, managing director of Rusnano, said: "This is an unprecedented investment of close to a billion dollars in the future of plastic electronics to help create one of the largest commercial centers for it in Russia. This investment signifies the potential that we see in the future of plastic electronics across a variety of commercial and consumer products: flexible plastic electronic displays will provide another major milestone in how people process information. Entering this new disruptive segment at the stage of its inception gives Russia a chance to win a leading position in global market of future electronics."
The Zelenograd factory, scheduled for production starting in 2013/2014, will have the capacity to produce hundreds of thousands of units of next-generation plastic electronics displays per month. There are plans to employ 300 people at the facility.
Zelenograd was a natural choice for the home of the company's second and largest commercial plastic electronics display factory, according to Konrad Herre, Plastic Logic vice president for manufacturing, who led the site selection process. "Zelenograd has invested in the development of a Special Economic Zone with an excellent infrastructure for high tech industry, and is home to the Moscow Institute of Electronic Technology (MIET), which gives us access to a highly educated and trained workforce,” he said.
The size of the investment does raise some eye brows. The Russian company is willing to invest so much in an ailing company in a very competitive industry? I have to see how this would go in the future.
This is a good news to see that people other than US and China are investing huge amount of money to hi-tech stuff.
The technology seems interesting and it is addressing two of the key problems with current TFT display - power consumption and flexibility.
As I remember the display was based on the E Ink electrophoretic technology, the same as Kindle and other e-readers...the difference was an organic active matrix backplane to drive the display.
Plastic Logic was, and presumably still is, expecting to progress to full color display, but as this is on the E Ink (now PrimeView International) agenda that could well have been based on E Ink.
The scale of this investment is amazing but frankly it is an order of magnitude required to make a truly innovative technology a reality...a few millions here & there will typically not cut it, I have seen so many companies limping around trying to make something happen on a shoe string budget...I got familiar with Plastic Logic technology 5 years ago and was very impressed with it. Good luck guys, the world needs you, my eyes are tired from looking at my laptop display...Kris
300m$ initially & total investment of 700m$!!!!:). I have to say the numbers are unprecedented. That too in a company which attempted to do an ebook reader when their core competency was display!
Do you know how there display compares with other paper displays like E-ink/Qcom Mirasol /PixelQi ?
Plastic Electronics is a developing branch of electronics, the product form of this branch is plastic displays and solar cells, it will be a great investment by the Russians even though the time period of getting returns will be longer enough.
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