Plastic Logic Opens World's First Commercial Plastic Electronics Manufacturing Factory...
* Reuters is not responsible for the content in this press release.
Plastic Logic Opens World's First Commercial Plastic Electronics Manufacturing Factory in Dresden, Germany German Dignitaries and Industry VIPs Mark Occasion in Silicon Saxony DRESDEN, Germany--(Business Wire)-- Plastic Logic, the world's leader in plastic electronics, today officially opened a state-of-the-art commercial scale plastic electronics manufacturing facility. The Dresden factory is a fully automated and integrated facility that will begin volume production of groundbreaking displays based on Plastic Logic's patented and proprietary plastic electronics technology. "The world's first commercial scale plastic electronics manufacturing facility is now open," said Plastic Logic CEO Richard Archuleta. "Today marks an extraordinary achievement for our company and the plastic electronics industry. It also marks a major milestone in preparation for the delivery of our first consumer electronics product early next year." Plastic Logic's core technology solves the critical issue in manufacturing high-resolution transistor arrays on flexible plastic substrates using a low-temperature. The process is simpler than conventional glass silicon processes, and produces active matrix displays that are thinner, lighter and more robust than glass. The Dresden factory is set to begin volume production of the display that is the key feature of Plastic Logic's forthcoming electronic reading product, scheduled to come to market in early 2009. Attendees at today's ceremony, including local and industry dignitaries, received a sneak preview of the product in addition to a view of the specialized factory. Facts About The Factory -- The Plastic Logic plant was completed and ready for production in record time - just 16 months after the building's cornerstone was laid in May 2007. -- Advanced new processes and tools were specified, designed and created to successfully transfer proof of concept technology and processes first developed in Plastic Logic's Cambridge, UK research and development lab. -- Plastic Logic utilized a unique mix of standard production equipment from display manufacturing and other industries that were tailored to produce displays delivered in high volumes at costs to give it significant competitive advantage. -- The factory was designed for flexibility and the capacity to produce hundreds of thousands of the displays annually. Plastic Logic's Managing Director and Vice President of Manufacturing, Konrad Herre, said: "Our on-time opening of this first-of-its-kind facility was made possible by the ingenuity, dedication and tireless efforts of our employees both here and in the UK, our ability to enlist and collaborate with a group of world-class suppliers, and the strong commitment of German officials and our investors." About Plastic Logic Plastic Logic's mission is to lead a revolution in the way people acquire, organize and consume digital information, using our proprietary technology leadership in plastic electronics to create a range of products. Our first product, focused on reading digital content, will enter the marketplace in early 2009. Founded in 2000 by researchers out of the Cambridge University Cavendish Laboratory, the Company has received more than USD 200 million in funding from leading international technology firms and investors. Plastic Logic has research and development in Cambridge, England, high-volume, state-of-the-art manufacturing in Dresden, Germany, and executive management, product engineering, sales and marketing headquartered in Mountain View, California. For more information go to http://www.plasticlogic.com. Plastic Logic GmbH Rachel Lichten, +49 (0)351 88344-120 firstname.lastname@example.org or Krause Taylor Associates (for Plastic Logic) Betty Taylor, 1-408-918-9082 bettyt at krause-taylor.com Copyright Business Wire 2008