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Sunday, 19 Nov 2017

Plastic Logic splits into two independent companies

To address the full range of opportunities available in the many markets, the technology development and manufacturing parts of Plastic Logic will be separated

4 Feb 2015 | Editor

Plastic Logic has made a simple announcement that it will be separated into two independent companies. What is surprising is the low key nature of this change in business structure and the only formal mention is a short and unassuming statement from Indro Murkajee (previously CEO of Plastic Logic and now with the title of Chairman) on the FlexEnable website. The company did not respond to requests for additional information.

According to the information presented on the companies new websites :

FlexEnable has been created from Plastic Logic's people and its technology assets in Cambridge, UK. Based on Plastic Logic's full technology and patent portfolio, FlexEnable will independently provide expertise, technology and products to system builders, device makers and product companies to enable innovative, volume products.

Plastic Logic Germany the manufacturing plant in Dresden, Germany, which develops, manufactures and sells a range of flexible, electrophoretic displays (EPD), will operate independently.

It is rumoured that Plastic Logic Germany is being acquired, along with the Plastic Logic brand name, by investor Rusnano. However, this has not been confirmed by the company.

FlexEnable has attracted interest from a range of strategic investors, some of whom are trialling the company's technology in their products. Investment will be used to accelerate further technology development for a faster and deeper penetration of plastic electronics-enabled products in the market.

The justification for this separation is sparse, but it is our assumption that the company is finding it difficult to produce products for itself and at the same time offer manufacturing services to possible competitors.

In summary, the Plastic Logic offers the following:

  • For over a decade, Plastic Logic has been at the forefront of the development of the plastic electronics industry and the creation of truly flexible electronics technology and industrial capability.
  • This capability has now reached the point where it's possible and proven to be able to manufacture arrays with millions of perfect flexible transistors over areas of any size and shape and in high volumes.
  • The Plastic Logic flexible transistor platform has now been industrially proven to be able to form active backplanes for LCD, OLED, EPD and other display media and has been successfully broadened to be able to enable solutions for sensors and integrated systems on fully-flexible, plastic.
  • Being able to perfectly create flexible electronics on plastic enables transformational advantages for product shape, weight, and durability and enables a path to low-cost solutions for high volumes
  • This is all perfectly suited to match the requirements of the exploding markets for wearables, new mobile devices and distributed, flexible sensors for IoT applications.
  • To generate focus while addressing the full range of opportunities available in these markets, the technology development and manufacturing parts of Plastic Logic will be separated and will go forward as independent companies.
  • I believe that the full potential of plastic electronics is now emerging as transformational developments in flexible transistor performance and bold, new concepts drive more and more applications.
  • This, combined with the proven manufacturability and scalability of our transistor technology platform, makes this a defining moment for the industry.
  • I look forward to working with our many partners and colleagues to fulfil the tremendous promise of plastic electronics in this exciting new era.

Indro Mukerjee, Chairman

Unlike Plastic Logic which will continue to manufacture EPDs in Dresden, FlexEnable, apart from prototyping, will not manufacture flexible circuits.

It will license the intellectual property it has created to display and sensor manufacturers. It also plans to partner with materials suppliers and design firms to bring the flexible technology to volume production.

Plastic Logic/FlexEnable - Plastic Logic separates into two independent companies

Figure: Plastic Logic/FlexEnable - Plastic Logic separates into two independent companies

FlexEnable chairman, Indro Mukerjee says :

  • the company is already talking with materials firms and Asia-based display manufacturers about bringing first flexible displays based on the technology to market.
  • The holy grail is to drive OLEDs at higher currents, the process now does this and we have demonstrated it to display manufacturers in Asia
  • We will be in the market before the end of the year
  • We expect to announce first partnerships within a few weeks
  • The key is to get the supply chain from materials to design and production of flexible circuits working
  • The company has redeveloped the barrier layers and encapsulation to address the issue of air and water ingress which has traditionally reduced the yield and reliability in the manufacture of the plastic transistors used in flexible circuits.
FlexEnable has attracted interest from a range of strategic investors, some of whom are trialling the company's technology in their products. Investment will be used to accelerate further technology development for a faster and deeper penetration of plastic electronics-enabled products in the market. As well as launching FlexEnable, Plastic Logic's manufacturing facility in Dresden, Germany will be spun out. The plant, which develops, manufactures and sells a range of flexible EPDs, is being acquired, along with the Plastic Logic brand name, by investor Rusnano. The plant will operate independently under the name Plastic Logic Germany.

www.plasticlogic.com    www.flexenable.com   



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