Press Release
E INK RECEIVES INVESTMENT FROM INTEL CAPITAL
Cambridge, MA. - March 22, 2005 – E Ink Corporation, the leading developer and marketer of electronic paper display technology, today announced that Intel Capital has invested an undisclosed amount in the company.
"Intel Capital has a global reputation and brings a wealth of resources beyond simple cash," said Russ Wilcox, President and CEO.
"We are pleased to receive Intel Capital's investment and will be using this funding to help improve the next generation of our paper-like display technology through increased R&D," said Ken Titlebaum, Vice President of Finance.
E Ink Corporation products enable a new type of electronic display with a bright white background and crisp text and pictures similar to printed documents. Once updated, the display can maintain an image without using power, enabling over 90% power savings compared to traditional displays and greatly extending the battery life of portable devices. Some versions are available on plastic and can be flexed and rolled, combining the complete look and feel of a paper document with the versatility of digital control and wireless update. The company's products are used in electronic book devices, information kiosks, and advertising signage. Future uses for E Ink's technology include smartcards, watches, clocks, medical devices, consumer electronics, and mobile phones.
NOTE: E Ink also announced today the addition of Geoff Wild, CEO and President of Nikon Precision, Inc., to its Board of Directors.
About Intel Capital
Intel Capital, Intel's strategic investment program, focuses on making equity investments and acquisitions to grow the Internet economy in support of Intel's strategic interests. Intel Capital invests in hardware, software and services companies in several market segments, including computing, networking, and wireless communications. For more information, visit www.intel.com/capital.
About E Ink Holdings
Founded in 1992 by Taiwan's leading papermaking and printing group YFY (1907.TW), E Ink Holdings Inc. "E Ink" (8069.TW) is the pioneer of TFT and ePaper business in Taiwan. Its corporate philosophy aims to deliver revolutionary products, user experiences, and environmental benefits through advanced technology development. This vision has led to its continuous investments in the field of ePaper display as well as its 2008 acquisition of Hydis Technologies, manufacturer of the world's best wide viewing angle LCDs and its 2009 acquisition of E Ink Corp., the worldwide leader in ePaper. Listed in Taiwan's GreTai Securities Market and the Luxembourg market, E Ink is now the world's largest supplier of displays to the eBook market. For corporate information, please visit www.einkgroup.com; for EPD information, please visit www.eink.com / tw.eink.com; and for FFS information, please visit www.hydis.com.