E INK HOLDINGS' JULY SALES REVENUE INCREASES
eBook Sales Enter Peak Season
Hsinchu, Taiwan – August 7, 2011 – E Ink® Holdings announced that stand alone revenues in July 2011 totaled NT$ 2.31 billion, representing a growth of 135% compared with that of 2010. Consolidated revenues in July totaled NT$ 2.85 billion, representing a 83% growth over the same period of 2010. Accumulated revenues from January to July totaled NT$ 19.86 billion, representing an annual growth rate of 69%.
July marks the beginning of peak season shipments for E Ink's electronic paper displays (EPD). "Growth in both European and Northern American markets is very rapid," E Ink Holdings' chairman Scott Liu, said. "In North America, the eBook reader is one of the hottest technology products for the back to school season. Thanks to ongoing efforts by eBook manufacturers to enrich the content offerings, refine the service platform, reduce price, and improve performance, we are confident that the second half of the EPD shipments will continue to show strong growth."
"We are continuing to expand the EPD production capacity so as to meet the needs of customer orders," E Ink Holdings COO Fred Lin said "Our module plant in Yangzhou, China, has completed the production scale-up, we will start mass production in August, and reach full production capacity in September. Production capacity this year is expected to reach 3 times that of last year." Mr. Lin continued, "E Ink Holdings' FFS wide viewing angle LCD panel is also expected to contribute to second half revenue growth, with customer's new products shipping in third quarter."
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 OTC market and the Luxembourg market, E Ink is now the world's largest supplier of displays to the eBook market.