SAN JOSE, Calif. - Samsung Electronics Co. Ltd. has acquired display technology firm Liquavista BV for an undisclosed price.
Based in Eindhoven, the Netherlands, Liquavista was founded in 2006 as a spin-out from the Philips Research Labs. It offers a new type of electronic display technology known as electrowetting for applications in e-readers, mobile phones, media players and other mobile devices.
''The electrowetting technology, which operates in transmissive, reflective, transparent and transflective modes, enables the creation of displays with bright, colorful images with dramatically reduced power consumption. Offering more than twice the transmittance of LCD technology and able to operate at low frequencies, displays utilizing electrowetting consume just 10 percent of the battery power of existing display technologies,'' according South Korea's Samsung.
Last year, Liquavista announced the launch of a display platform for transflective displays called LiquavistaVivid. Also last year, Liquavista said it was working with Freescale Semiconductor Inc., a supplier of microprocessors for e-readers.
Liquavista recently 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.