PLASTIC LOGIC AND E INK DEMONSTRATE FLEXIBLE DISPLAYS WITH PRINTED ELECTRONICS

Affordable Plastic Displays on the Horizon

Cambridge, UK & Cambridge, MA, USA - December 6, 2004 – Plastic Logic of Cambridge, UK and E Ink of Cambridge, MA, USA today announced a non-exclusive agreement to co-operate on the design and fabrication of flexible all-plastic electronic displays.

E Ink, the leading developer and marketer of electronic paper display technology, and Plastic Logic, the leading developer of printed flexible thin film transistor (TFT) arrays, are to combine their technologies to produce high-resolution active-matrix displays suitable for a range of applications from smart cards and cell phones to wireless electronic readers.

Stuart Evans, CEO of Plastic Logic said, "We are working with E Ink and product manufacturers to demonstrate the astonishing user value of flexible displays. Advances in device architectures, direct-write processing and solution processable materials have brought the high-volume manufacture of flexible displays at consumer price-points within grasp. The industry has long been seeking an answer to the challenge of fabricating transistors on flexible substrates that distort during processing. We are delighted to have developed a low cost solution for this."

"As an innovator in the field of flexible microelectronics and materials, Plastic Logic has made tremendous recent progress," said Russ Wilcox, CEO of E Ink. "This now allows us to jointly demonstrate a paper-like electronic display with outstanding resolution, brightness and contrast that can be produced economically to enable wide adoption."

The liquid crystal active-matrix displays (AM-LCDs) that are commercially available today are produced with two sheets of heavy, fragile glass that can break when dropped. In contrast, the E Ink and Plastic Logic displays are flexible, thin, light-weight, bright, high contrast and shatterproof. The combination of imaging film from E Ink and backplanes fabricated using Plastic Logic's process will enable:

• High resolution: 100dpi in 2005 (up to 150dpi in 2006);
• Large Area: A5 in 2005 (148x210mm), up to A4 (210x297mm) in 2006;
• Greyscale: 4 levels;
• Multi-level pixel structure (leading to High Aperture Ratio/Fill Factor);
• High-contrast reflective with paper-white background (sun-light readable);
• Ultra-low power consumption (bistable); and
• Bend radius: < 2cm radius of curvature.

5mm Radius of Curvature -- Flexible Active-Matrix Display Developed by Plastic Logic and E Ink

E Ink and Plastic Logic displays have an additional advantage - they can be produced at low cost in high volume. This contrasts with today's glass active-matrix displays which are expensive because they require multiple vacuum deposition and high-precision lithographic steps.

Plastic Logic's manufacturing process enables active matrix backplanes to be 'printed' using additive solution-processing and direct-write techniques. The company is currently expanding its existing plastic electronics mini-fab by installing a 350mm by 350mm prototype line which it will use to work with device-makers to demonstrate advanced product prototypes. It is also evaluating manufacturing partners for production scale-up in 2007.

E Ink provides electronic ink in sheets of imaging film that are ideally suited for flexible display applications due to their thin form factor and inherent flexibility. E Ink's electronic ink is an image stable reflective display technology that uses ultra-low power but is easily read under any lighting condition including direct sunlight. Unlike liquid crystal displays, the image on E Ink displays looks the same from all viewing angles and will not distort when touched or flexed, making electronic ink the ideal display medium for flexible displays and portable devices.

E Ink® Imaging Film entered mass production earlier this year as an enabling component in the revolutionary SONY LIBRIé electronic reading device currently available in Japan. E Ink can also directly supply low-resolution, all-plastic numeric and segmented display cells for a wide range of OEM applications.

Flexible Active-Matrix Display Developed by Plastic Logic and E Ink

Plastic Logic and E Ink have co-authored a paper entitled 'Printing of polymer transistors for flexible active matrix displays' that will be given by Professor Henning Sirringhaus, Chief Scientist of Plastic Logic, at the International Displays Workshop, Niigata, Japan on December 10th 2004.

About Plastic Logic
Plastic Logic has a growing portfolio of expertise and intellectual property in plastic electronics - a new technology for manufacturing (or printing) electronics. The Plastic Logic approach solves the critical issues with fabricating low cost, large area, high resolution transistor arrays on plastic substrates by using a low temperature process without vacuum deposition or mask alignment. This enables radically new product concepts in a wide range of applications including displays and sensors.

Plastic Logic's business model in high volume markets is to licence its device and process technology to manufacturers and thereby enable the rapid growth of the plastic electronics industry.

The company was founded in 2000 as a spinout from the University of Cambridge. It is privately held, with a strong group of international investors who have provided over $17Mn funding. With nearly 40 employees, the company is headquartered in the world's first plastic electronics 'mini-fab' on the Cambridge Science Park. More on Plastic Logic at www.plasticlogic.com.

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.