11-01 :: December 2010 / January 2011

nanotimes

Companies Facts

35

New e-readers at CES 2011: The latest issue of +Plastic Electronics magazine includes a series of features on commercial developments and emerging market trends for e-paper.

http://www.plusplasticelectronics.com/publishingmedia/new-e-readers-at-ces-2011-22244.aspx

T

he Russian Corporation of Nanotechnologies (RUSNANO) and Plastic Logic have finalized

details of RUSNANO’s investment in the company, which is the global leader in the emerging field of plastic electronics. The investment project, which will total $700 million, includes building the world’s largest volume production factory for Plastic Logic’s next-generation plastic displays in Zelenograd, and aims to establish a commercial plastic electronics industry in Russia.

Plastic Logic has received an initial investment package of $300 million: Under the final agreement, RUSNANO is providing an initial investment of $150 million into the equity of Plastic Logic. Plastic Logic’s lead investor, Oak Investment Partners, a multi-stage venture capital firm, is investing an additional $50 million as part of the project investment plan. In addition to the equity investments, RUSNANO will pro- vide partial guarantees for debt financing in the amount of $100 million. Over the next few years, additio- nal equity and debt will be raised totaling approximately $400 million.

http://www.plasticlogic.com