E Ink® Holdings, “E Ink” (8069.TW), the leading innovator of electronic ink technology, today announced an investment by its wholly owned subsidiary, Transcend Optronics Co. Ltd, in Wuxi Wei Feng Technology Co. Ltd “Wei Feng.”
With this investment E Ink and Wei Feng will form a strategic partnership and join resources to expand the market and promote the use of ePaper in applications such as electronic price tags, electronic shelf labels and other applications. E Ink will provide technical support to Wei Feng in developing new ePaper based products and manufacturing capability.
“One of E Ink’s key market strategies is to partner with the industry leaders to expand the use of ePaper in products and applications,” said Johnson Lee, president of E Ink Holdings. “E Ink is known for its leading edge technology and patent portfolio regarding electronic ink. We expect the partnership to leverage E Ink’s expertise, and Wei Feng’s sales and market presence to provide more comprehensive services to our customers, especially as we enter new markets.”
“We are honored to form a strategic partnership with such an industry leader as E Ink,” said Bao Jin, chairman of Wei Feng Technology. “Wei Feng has been developing high quality E Ink based products for a number of years. Our R&D and business development capabilities will expand the market for ePaper based products, particularly for electronic shelf labels, industrial applications and smartcards.”