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Liquavista Raises €5 Million in Series C Round

Electronic paper with vastly improved usability, content compatibility and cost is market entry target

(PresseBox) (Eindhoven, ) Liquavista, the developer of break-through display manufacturing technologies, today announced the closing of its Series C funding round of €5 million euro. Displays using Liquavista's unique electrowetting technology have excellent indoor and outdoor viewability and use dramatically less battery power. The investment was led by existing investors Amadeus Capital Partners, GIMV and Prime Technology Ventures.

"Achieving our Series C funding is an impressive validation of our patented technology and our commercial progress to date," said Nigel Litchfield, chairman, Liquavista. "Given current economic conditions it 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. Liquavista's technology enables new types of paper-like display that will provide vastly improved usability, content compatibility and 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[1].

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.

The company will present the compelling advantages of LiquavistaBright and its partner-friendly engagement model at the SID International Symposium, Seminar and Exhibition in San Antonio Texas May 31st to June 6th 2009.

[1] Publishing technology consultancy MediaIDEAS Group predicts that by 2020 annual worldwide sales of e-paper based reader devices will be valued at $US25.47billion, with 93 per cent of devices having colour screens.

Liquavista Netherlands

Liquavista has developed a new type of electronic screen technology that will change the way we interact with mobile phones, media players, electronic readers and other mobile devices. Liquavista's displays create bright and colourful images that ensure excellent indoor and outdoor viewability and use dramatically less battery power. Users can engage with their favourite applications for longer before a recharge is necessary and battery sizes can be reduced allowing devices to be thinner and lighter.

The company's ultimate vision is to build on the extraordinary optical performance and unique power efficiency of its technology to lead a green revolution in low power displays for notebook PCs, desktop monitors and televisions.

Liquavista was founded in 2006 as a spin-out from the world famous Philips Research Labs in Eindhoven. The company is backed by Amadeus Capital, GIMV and Prime Technology Ventures. It is headquartered in Eindhoven, The Netherlands