Lenovo invests in ePaper company in bid to revive tablets
Lenovo, a Fortune (Global) 500 Company has invested in CLEARink Displays, a developer of advanced ePaper displays.
The two companies have commenced joint development activities to develop a new approach to tablet devices.
Lenovo has also joined CLEARink's board of directors.
Lenovo is a top tech company across the consumer, commercial and enterprise technology markets.
Lenovo Capital, an investment unit of Lenovo, is ramping up efforts in exploring and accelerating startup companies utilising Lenovo's global resources.
CLEARink is developing the world's first colour and video capable ePaper 2.0 displays aimed at various market applications.
"We mainly invest in core technologies, and smart internet is our focus area, which is why we have invested in CLEARink to revolutionise the way information is consumed," Lenovo SVP and head of Lenovo Capital George He says.
"This solution will not only enhance the reading experience in settings where LCDs are not a good fit, but it will also have eye health benefits and have a lasting impact on the environment by saving millions of trees every single year.
CLEARink's ePaper 2.0 technology will solve the problems caused by traditional display technologies, which aren't well suited for use in daylight.
CLEARink's technology offers a very low power, sunlight readable, colour/internet ready technology that the market has been waiting for.
"When one of the world's largest providers of tablet solutions endorses our technology by providing us with both capital as well as a channel to bring our products to market, it is a huge impetus for our team to deliver a revolutionary display product," says CLEARlink Displays CEO and Chairman Frank Christiaens.
"We couldn't have asked for a better company to collaborate with than Lenovo.
Founded in 2012, CLEARlink is headquartered in Fremont, California and has raised over US$25 million in financing from strategic investors such as M Ventures, the corporate venture capital arm from Merck KGaA, Darmstadt, Germany and Lenovo Capital.
