UK Cambridge-based, six year old start-up Plastic Logic has secured equity funding of $100m to help fund the building of a production facility in Dresden, the first to manufacture plastic electronics on a commercial scale.
Based on the firm’s proprietary plastic transistor technology, the facility will produce flexible active-matrix display modules for portable electronic reader devices – a product category that is predicted to grow to 41.6 million units in 2010. It will have an initial capacity of more than a million display modules per year and production will start in 2008.
With Philip' Polymer Vision receiving $26M investment, this has been the second business announcement in flexible display market in early January 2007.
See here and here for our earlier coverage on Plastic Logic.