€7million investment boosts commercialisation of electrowetting displays
1 min read
Liquavista has successfully closed a Series D funding round from its existing partners. The additional funding of €7million is aimed at accelerating the commercialisation of its next generation LCD2.0 displays.
Liquavista offers a new type of electronic screen technology – electrowetting displays - which it claims will change the way users interact with mobile phones, media players, e-readers and other mobile devices.
Guy Demuynck, Liquavista's ceo, said: "Our investors have been impressed with the enormous interest in Liquavista from players in the smart mobile device industry. Combined with very strong demand for our newly launched system development kits, this gave them the confidence to further support our drive into our main strategic markets in 2010."
Nigel Litchfield, Liquavista's chairman attributes the show of confidence from investors to the commercial traction Liquavista has for its technology. He noted: "[It is] confirmation that the unique customer benefits will enable device makers and content creators to bring applications to market that were never before possible. This will radically change the way that users will interact with their devices. With our video capability and full colour, and our low power and unsurpassed outdoor viewability, we make it impossible for existing display technologies to compete with the versatility that Liquavista's technology can offer."
The funding has been awarded by Amadeus Capital Partners, GIMV, Prime Technology Ventures and Applied Ventures.
