1 October 2008

Liquavista participates in £12 million project to create next generation flexible, full colour, video displays enabled by UK Technology Strategy Board grant

Cambridge UK, October 1st, 2008 - Liquavista (UK) Ltd. today announced a three-year £12m cooperative research program to develop next generation flexible electronic displays that support full colour and video.

The project will use Liquavista's electrowetting technology to create screens capable of displaying bright, colourful images, which show video content with very low power consumption, as well as being thin, flexible and light. The project is part funded by the government-funded Technology Strategy Board.

Mark Gostick, Liquavista CEO, "Colour and video capability will broaden the application of electronic paper displays to all types of content and device. Together with our partners Plastic Logic and with the help of the Technology Strategy Board, we are aiming to realise the full potential of electronic paper displays as the best way to show any content on the move."

Liquavista’s innovative mobile device displays use patented electrowetting principles to switch light extremely efficiently. It is the only display technology apart from LCD that can be used in transmissive, transflective or reflective modes, which means it has very broad markets, also like LCD.

Liquavista’s technology is uniquely suitable for colour and video electronic paper displays because of its class leading reflectivity and its intrinsically video-rate switching speed.

Nick Hampshire, senior analyst with publishing technology consultancy MediaIDEAS Group, predicted that " By 2020 30% of all magazines and books published globally will be digital thanks to the widespread availability of portable, robust, e-paper display based reader devices, many featuring high quality colour and video. In 2020 annual worldwide sales of e-paper based reader devices will be valued at $US25.47billion, of these 93% will be colour."

As a result of the successful launch of the project, Liquavista is augmenting its team of skilled scientific and engineering staff by building a presence in the Cambridge UK area.

END

NOTES FOR EDITORS

About Liquavista UK – www.liquavista.com

Liquavista was founded in 2006 as a spin-out from the world famous Philips Research Labs in Eindhoven. The company is backed by New Venture Partners, GIMV and Amadeus Capital and has offices in the UK, The Netherlands, and Hong Kong.

Liquavista’s vision is to more than double the performance and substantially reduce the environmental impact of information displays, allowing people to be mobile without compromise.

Liquavista’s screens produce bright, colourful images ensuring excellent indoor and outdoor viewability and show video content at very low power.

Liquavista’s screens are ideally suited for a wide variety of portable and mobile applications such as phones, watches, cameras, DVD players and automotive applications. Liquavista’s manufacturing technology allows for the re-use of the established display industry supply chain enabling its screens to be very efficiently and rapidly adopted by the electronics industry.

Liquavista will be demonstrating its first generation segment driven displays at the Hong Kong Electronics Fair October 13th to 16th Booth 7J25.

About The Technology Strategy Board - www.innovateuk.org

The Technology Strategy Board is a business-led executive non-departmental public body, established by the government. Its role is to promote and support research into, and development and exploitation of, technology and innovation for the benefit of UK business, in order to increase economic growth and improve the quality of life. It is sponsored by the Department for Innovation, Universities and Skills (DIUS).