Polymer Vision acquires Innos
The acquisition comes at a time when demand for larger mobile displays is accelerating as telecom players push mobile content, mobile marketing and mobile applications to accelerate growth in data revenues. With its pioneering rollable display solutions, Polymer Vision will triple mobile display sizes over the coming years , while maintaining pocket sized consumer friendly mobile devices.
"Growth in mobile content has us looking at our mobile phones even more than we listen to them, so rollable displays are an exciting solution for everyone" explains Karl McGoldrick, CEO of Polymer Vision. "Replacing glass based displays as the dominant display option for mobile devices is no simple challenge, but that is what Polymer Vision is going to do. With the Innos activities now an integral part of the team, this will happen even faster."
The acquisition comes within one year of Polymer Vision's spin out from Royal Philips Electronics. The Innos business activities will be integrated into Polymer Vision Limited, with the manufacturing facility remaining in its current location at the Millbrook Technology Campus in Southampton, UK.
Polymer Vision will bring to market the world's first rollable display enabled mobile device through a partnership with Telecom Italia (TI). This pocket sized device combines a large 5" rollable display with 3G/UMTS High Speed and DVB-H IP data-casting connectivity for true mobility and instant access to personalized news and information, addressing the growing interest and trend towards data services on mobile devices. TI through Telecom Italia Mobile (TIM) will market the new product as ‘Librofonino' exclusively in Italy. Polymer Vision is in further discussions with other leading Mobile Network Operators to launch outside of Italy.
