E Ink Holdings, “E Ink” (8069.TW), the leading innovator of electronic ink technology, has announced they are renewing their Master Supply Agreement (MSA) with Plastic Logic, designer and manufacturer of flexible, glass-free electrophoretic displays (EPDs). This agreement centres around flexible EPD production and with this partnership, and the continued strength of the companies’ relationship, the collaboration will accelerate the market adoption of ePaper displays.
E Ink and Plastic Logic have been cooperating to develop the EPD market for more than 10 years. Plastic Logic owns the leading OTFT technology that is suitable for developing flexible EPD device in wearable applications. According to IHS, the flexible display market will grow to $15.5 billion in 2022 as the popularity of wearable and mobile devices with flexible displays increase. Plastic displays lend themselves particularly well to wearables being light-weight, robust and requiring minimal power to function. They are a great choice for jewellery, watches and health monitors, to name a few applications.
“One of E Ink’s key market strategies is to partner with the industry leaders to expand the use of epaper in products and applications,” said Johnson Lee, president of E Ink Holdings. “E Ink is known for its leading edge technology in EPD development and manufacturing. We expect the partnership to leverage E Ink and Plastic Logic’s expertise to provide more flexible applications to customers.”
“We are excited by this next phase of partnership with E Ink. Signing the MSA creates mutually beneficial opportunities for geographic expansion, the penetration of new markets and the further acceleration of e-paper displays’ adoption in a multitude of applications.” Tim Burne, CEO, Plastic Logic commented: “Our leading-edge plastic electronic technology, proven manufacturing process and can-do customer focus enables our customers to bring robust, flexible, functional, low-power glass-free display-based products to market which create exciting opportunities for market growth, differentiation and competitive advantage. We look forward to collaborating with E Ink on a number of customer projects over the coming months.”
The new MSA signed by E Ink and Plastic Logic provides a commercial framework for the two companies to operate, cementing an even stronger relationship and providing more choice and flexibility to their respective customers.