Financial

reMarkable sold over a million E Ink tablets, raises funds at a $1 billion valuation

Remarkable, the company behind the reMarkable 10.3" 1872 x 1404 E Ink tablet says that it has sold over 1 million devices, generating over $300 million in revenue in 2021 (with an operating profit of $31 million).

reMarkable says it closed a new financing round, with a valuation of $1 billion. The company did not disclose more about the funding round - beyond saying that they have sold a minority stake for several international investors.

Read the full story Posted: Jun 11,2022

Reflective LCD developer Azumo raised $30 million

ePaper display developer Azumo announced that it raised $30 million in funding, led by Anzu Partners VR, with additional funding from SABIC Ventures, VectoIQ, Dipalo Ventures and Energy Foundry. The company will use the funds to accelerate its expansion and increase its manufacturing capabilities.

Hanvon N10

Azumo (previously FLEx Lighting) developed a sunlight-readable, reflective LCD 2.0 technology that offers up to 10x the energy savings compared to traditional backlit LCDs. Azumo says its displays combine high video rate capability with superior readability in bright sunlight conditions to eliminate glare. Azumo offers its displays in sizes ranging from 1-inch to 17-inch.

Read the full story Posted: May 17,2022

EIH continues to enjoy high demand for ePaper displays, is fully booked for 2022

E Ink Holdings says that as demand for its displays grow, its customers have been willing to pay deposits to secure supply in 2022. The company is now fully booked for 2022.

SoluM's range of ESL products

The company says it is in fact unable to meet the demand, and is trying to expedite its four new upcoming production lines. The first line, if all goes according to plan, will begin operation soon, and two other lines will start production in 2022. These three lines will more than double the company's capacity. The fourth new line will begin operation in 2023.

Read the full story Posted: Dec 27,2021

EIH sees higher demand for ePaper displays in 2021, is worried about component shortage

E Ink Holdings says that it is seeing high demand for ePaper displays and expects to see a growth in revenue in 2021. The company is worried though that the shortage in components may hurt its full potential.

EIH says that 2021 will be better than 2020, and it sees its performance in Q2 to be similar to its performance in Q1. The demand for E Ink's display is higher than what it can supply, and the company is building four new production lines to increase capacity.

Read the full story Posted: May 20,2021

EIH plans to expand its production capacity to meet with customer demand

E Ink Holdings says it plans to double its capital expenditure this year (to $56.5 million) in order to expand its capacity and meet its customer demand. EIH is now building four new production lines in Taiwan.

EIH says its capacity is now fully booked for the year, and it is quite sure it will be able to find customers for its new capacity as demand is strong. The company's revenues in the first two months of the year rose by 77% compared to last year. The main growth driver seems to electronic shelf label displays, but EIH also sees higher sales for e-readers and e-notebooks.

Read the full story Posted: Mar 20,2021

SoluM says it won ESL orders worth $490 million in Q4 2020

Korea-based SoluM says it has won ESL orders worth 550 billion Won ($491 million USD) in Q4 2020. The new orders are from the company's new European distributors.

SoluM's range of ESL products

SoluM says it expects its ESL business to hit record sales in 2021. The company says it is currently the world's third largest ESL vendor (following SES Imageotag and Sweden's Pricer). It is the top vendor in North America and in South Korea. SoluM's goal is to become the world's leading supplier of ESL solutions.

Read the full story Posted: Feb 05,2021

ePaper display provider DKE invests in Plastic Logic to access its OTFT E Ink displays

Flexible OTFT E Ink display designer and producer Plastic Logic announced a "significant investment" in its business from China-based e-paper display maker DKE Displays.

DKE currently produced specialized ePaper displays for applications such as electronic shelf labels (ESLs), smart cards, internet of things and smart clothing. Access to Plastic Logic's OTFT based displays will enable the company to integrate rugged, lightweight and flexible products for its target markets (mostly wearables).

Read the full story Posted: Jan 23,2021

EIH expects Q4 2020 to be another strong quarter

E Ink Holdings says that it expects revenues in Q4 2020 to be somewhat stronger than its revenues in Q3 2020, as the COVID-19 pandemic continues to increase demand for e-readers, e-notebooks and electronic shelf labels.

EIH's Chairman Johnson Lee says that the company expects next year to be strong as well, and the company increased its capacity expansion plans for 2021 as it needs to be ready for stronger demand in the future.

Read the full story Posted: Nov 21,2020

E Ink sees higher demand for e-readers and ESLs, expects its 2020 revenues to reach a four-year high

E Ink Holdings says that the COVID-19 pandemic is increasing demand for e-readers and electronic shelf labels, and the company expects its 2020 revenues to reach a four-year high, when the company started to focus entirely on e-paper displays.

E Ink and Innolux, 28'' color epaper display

Due to the pandemic, consumers are buying more e-readers and tablets. Retailers are looking to adopt ESL solutions to avoid virus transmission routes as well as to enhance delivery efficiency.

Read the full story Posted: Oct 14,2020

Ynvisible and Agiler to develop a smart label to verify UVC surface sterilization

Electrochromics display developer Ynvisible has partnered with Finland-based Agiler Oy to prototype a smart label technology to verify surface sterilization. The label will include a sensor that detects modern ultraviolet C (UVC) sterilization with a low-power ePaper display.

This project will demonstrate a cost-effective, scalable printed and flexible electronics and displays product and it is funded by the European Union Horizon 2020 financial instrument, under the Smartees 2 project. The project aims to conclude within 9 months, and by then the companies expect to have demonstrated a first of its kind solution that can be taken into mass-production.

Read the full story Posted: Oct 03,2020