Tokyo-based Toppan Printing to acquire shares in new Chi Lin Technology subsidiary Pervasive Displays in Tainan, Taiwan, which will develop, sell e-Paper modules for industrial uses; Toppan to launch sales into Japanese market

TOKYO , May 13, 2011 (press release) – In March 2011, Toppan Printing Co., Ltd. (hereafter Toppan Printing; head office: Chiyoda Ward, Tokyo; President & CEO: Shingo Kaneko) and Chi Lin Technology Co., Ltd. (hereafter Chi Lin; President: Y.G. Hsu), a core company in Taiwan’s Chi Mei Group, reached a basic agreement on a collaboration in electronic paper business targeting industrial applications such as electronic price tags, retail point-of-sale displays, and logistics instruction labels.

The alliance agreement includes an investment by Toppan Printing, who will acquire shares in a newly formed Chi Lin subsidiary: Pervasive Displays Inc. (hereafter Pervasive Displays). Pervasive Displays will develop and sell e-Paper modules for industrial uses. Starting May 1, 2011, Toppan Printing will launch full-scale sales of Pervasive Displays’products into the Japanese market.

Currently, e-Paper displays are used mainly in the expanding e-book reader market. Industry experts anticipate significant growth for e-Paper in industrial applications such as electrical appliance displays, electronic shelf labels and logistics systems for retail, distribution, and medical products. The rising demand for compact e-Paper displays is due to its thin form factor, durability, low power consumption, and environmentally sustainable composition.

Toppan Printing and Pervasive Displays’ collaboration will enable customers to quickly incorporate e-Paper displays into their products. The two companies intend to expand the market for e-Paper by jointly developing e-Paper solutions for applications where low power, high readability, and sustainability are high priorities.

The roles of each company
-Toppan Printing: Sales of electronic paper products for industrial applications in the Japanese market and solution development.
-Pervasive Display: Development and sales of electronic paper modules and expansion of design services for solution development.
-Chi Lin: Contract manufacture of e-Paper displays

Targets

Toppan Printing is aiming for sales of 3 billion yen in fiscal 2013 from the business for electronic paper for industry.


About Pervasive Display

Pervasive Displays designs, develops and delivers a broad range of e-paper technology display modules to commercial/industrial solutions developers and OEM manufacturing customers worldwide. Based in Tainan, Taiwan, PDI is one of the world’s leading providers of E-Ink embedded e-paper display technology for industrial applications.
For more information, visit www.pervasivedisplays.com .
-Capital: Approximately 440 million yen
-Investment ratio: Chi Lin 51.81%, Toppan Printing 13.2%
-CEO:Scott Soong

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