QUE ProReader rising from the ashes?
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Plastic Logic has established a joint project with the supervisory board of Russia's state owned nanotechnology corporation RusNano to produce plastic electronic displays.
Plastic Logic will retain its Cambridge based facility, the commercial factory in Germany as well as its headquarters in California. RusNano's investment comes after the unsuccessful QUE ProReader e-book which Plastic Logic pulled last year. The first product is currently being developed and is said to be dedicated to business users.
Plastic Logic's cfo Rik Thorbecke, "As a global company, we evaluated multiple countries for our expansion efforts and ultimately Russia offered the best strategic partnership opportunity. Russia provides access to an enormous talent pool of scientists and engineers, and proximity to our European centers in Cambridge and Dresden. We have been very impressed with the caliber of the RusNano organisation and, most importantly, its commitment to undertake the significant investment required to build a world class volume production center capable of producing hundreds of thousands of units a month."
