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Flexible electronics specialist, Pelikon, is lining up the first customer for its hybrid display following a £3 million funding round designed to take the technology through the last stages of prototyping and into full commercial launch next year.
The Cambridge Consultants spin-out said it expected to roll out the first of its new hybrid printed segmented electroluminescent (pSEL) displays in the first half of 2008.
The latest investment takes the company’s total funds raised since launch in 2000 to £17 million, which it has spent between its Welsh manufacturing base and its Research & Development operation based in Cambridge.
The company, which has previously voiced a desire to list on the London stock market, said the latest investment came from a mix of new and existing investors.
A world-leading provider of printed segmented electrolum-inescent (pSEL) displays, Pelikon will invest the majority of this latest financing round in R & D, though no new jobs are expected in Cambridge.
Marketing manager, Max Shone, would not be drawn on who the first customers would be, saying only: “We have some close partners from the portable consumer electronics industry who are headquartered in the US.
“This will help us take it to market.”
Over the years Pelikon has worked closely with California’s Universal Electronics, a global leader in wireless control technology for the connected home.
“This investment is recognition of the fact that Pelikon’s break-through pSEL hybrid display technology will revolutionise the touch displays market for CE applications such as mobile phones as soon as it becomes commercially available next year,” said Mike Powell, managing director at Pelikon.
“Not only is the Pelikon hybrid display visible under any lighting conditions, but also it allows manufacturers to offer an intelligent keypad that changes according to the functions you need.”
Earlier this year the pSEL hybrid display technology won the Best Technical Development award for Devices at the Printed Electronics Europe 2007 show.
Existing Pelikon pSEL displays have been provided for consumer electronics applications, including the award-winning ODM DD101 timepiece, the popular Kameleon universal remote controls, and leading satellite radio remote controllers.
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