PVI - Page 2

IntertechPira and +plasticElectronics have announced an upcoming webinar (18 of February) called "e-readers and e-paper: technology and applications" that will discuss the evolution of e-paper for the e-reader market. The webinar will be given by Ian French, a principal scientist at Prime View International (PVI).

The webinar will provide an overview of e-readers to date, technology advances in three key areas: flexibility, color and video and will also discuss future applications for e-paper displays.

PVI has signed a deal with LG Display, which will be able to make E Ink based panels. LG Displays has invested (in bonds) around $30 million in Hydis, PVI's subsidiary.

China's Hanwang is currently using 5" E Ink displays (made by PVI) for their e-readers. They have now started to use AUO's panels (9" ones) for future products in 2010.

Hanwang hopes to sell over 500,000 e-readers in 2009, and over a million in 2010.

PVI says that their e-paper production lines are fully booked, till the end of the December. The company has readied new production lines for the displays.

Digitimes reports that PVI's board has approved E Ink's acquisition, which should be completed by the end of 2009.

PVI has turned a profit of almost $2M US in the third quarter of 2009. E-Paper products are over 50% of PVI's total revenue (which are over $125M).

PVI has also disclosed the latest term for its acquisition of E-Ink, with 0.0772 PVI share exchanging for one E-Ink share.

Via Digitimes

PVI and Chi-Mei-Optoelectronics (CMO) will collaborate on e-paper prodcution. PVI will use CMO's 5G production lines, which will result in cheap e-paper products.

Back in June, PVI agreed to purchase E Ink for 215M$. Now they are sweetening the deal: it will be a merge and not a purchase, and E Ink owners will receive 120 million convertible preferred shares that can be converted into common shares within 3 years, if the stock climbs from NT$50 to NT$80. Basically it means that it'll be worth another 240M$ if the stock climbs 60% within 3 years.

Digitimes reports that PVI expects its E Ink shipments to increase by as much as 100%-200% in the second half of 2009. PVI are also raising money now to finance the E Ink acquisition.