August 3, 2012 — E Ink Holdings (8069.TW), electronic paper and LCD technology company, signed a definitive agreement to buy shares of SiPix Technology Inc. (STI) and its wholly owned subsidiary SiPix Imaging Inc. (SII), the maker of electronic paper displays.
SiPix is based in California and Taiwan. It makes electrophoretic displays based on micro-cup technology. E Ink has reached an agreement to buy 82.7% of SiPix’s (STI) shares and is seeking to buy up to 100%, which is valued at approximately NT$1.5 billion. After customary regulatory approvals, the final closing is likely to be during Q4, 2012.
E Ink boasts easy readability and low power consumption with its e-paper, compared to traditional displays. The acquisition will allow E Ink to expand in its existing markets for e-paper, and diversify into newer applications. Over 50 million ePaper displays are being used worldwide. The company’s stated goal is “E Ink on Every Smart Surface.”
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E Ink and SiPix’s customers will now have a wider portfolio of products and technologies to choose from with a larger global network of offices in different geographies. With this purchase, E Ink will have the widest offerings of ePaper technologies, a larger set of products and a stronger patent portfolio, the company said
E Ink currently enjoys over 90%+ share in the eReader market with customers such as Amazon, Barnes & Noble, Bookeen, Ectaco, Hanvon, iRiver, Kobo, Sony, Wexler and others. E Ink also makes ePaper displays for Signage, Electronic Shelf Labels, Battery and Memory Indicators, Wrist Watches, Credit Cards, Mobile Phones and a variety of other applications. Its customers include Epson, Pervasive Displays, Motorola, Lexar, Citizen, Seiko, Toppan, Invue, Eton, Motion Display, Neolux and many others.
Founded in 1992 by Taiwan’s leading papermaking and printing group YFY (1907.TW), E Ink Holdings Inc. (8069.TW) is a pioneer of TFT and ePaper business in Taiwan. For corporate information, please visit www.einkgroup.com; for EPD information, please visit www.eink.com / tw.eink.com; and for FFS information, please visit www.hydis.com.