Plastic Logic heads East for production

E-reader developer Plastic Logic has accepted investment from a state-backed Russian investor to build a new factory in the country.

Plastic Logic, which is a spin-out from Cambridge University, has announced an agreement to build a production factory for a ‘next-generation’ electronic reader with the Russian Corporation of Nanotechnologies (Rusnano).

Rusnano, which wants to create a plastic electronics industry in Russia, will take a ‘significant’ stake in the company, a joint statement says.

The amount invested has not been disclosed.

Plastic Logic will continue to base research and development in Cambridge, England, as well as maintain a commercial factory in Dresden, Germany and corporate headquarters in Mountain View, California, USA.

Plastic Logic chief executive Richard Archuleta says: ‘Rusnano’s investment will enable us to dramatically expand operations in support of volume production of our next-generation products, and to continue to advance our technology platform to deliver on our broader long-term vision.’

Rusnano managing director Georgy Kolpachev adds: ‘The production facility for the next generation of plastic displays will become the first step to establish the new branch of a electronics industry in Russia.’

Plastic Logic is developing the e-reader using its lightweight matrix display. The display is not available on the commercial market.

Nick Britton

Nick Britton

Nick was the Managing Editor for when it was owned by Vitesse Media, before moving on to become Head of Investment Group and Editor at What Investment and thence to Head of Intermediary...

Related Topics

University Spinouts