E Ink sold for $215million

"The world is searching for green technology that saves energy and cuts waste and still provides an outstanding experience," said Scott Liu, PVI's chairman and ceo. "E Ink's electronic paper meets those needs, especially in electronic publishing and mobile displays. The people in both companies will unite to provide the world's best digital reading experience and that will benefit all our customers and end users." E Ink and PVI currently support nearly 20 eBook manufacturers. In addition to electronic books, E Ink's Vizplex imaging film is used in mobile phones, signage, smartcards, memory devices and battery indicators. With the merger, PVI gains substantial IP and employee talent, while securing supply of a critical component during the rapid growth phase of the market. E Ink, meanwhile, will continue to supply its products across the display industry and will have access to increased operating funds to boost production and accelerate new technology and product developments.