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Tag - Rusnano
Russian tech company RUSNANO and Chinese holding company Thunder Sky have joined forces on the world's largest high-capacity lithium-ion battery factory. Called Liotech, it is situated near Novosibirsk in Russia and represents an investment of more than $420 million. The factory covers about 430,000 square feet and was built in just nine months. It will employ nearly 500 workers.
More than a year after it dropped the Que, Plastic Logic on Monday showed the results of its Russian cash flow by planning a new e-reader destined for schools. The Plastic Logic 100 has one of the largest e-paper screens yet with a 10.7-inch display that can show textbooks at high quality. Its creator's uniqueness comes into play through the use of a plastic base; by using the more flexible material instead of glass, the screen is resistant to shattering.
Plastic Logic has reportedly secured an additional $150 million in equity financing, in a new investment agreement with the Russian Corporation of Nanotechnologies (Rusnano). Combined with $50 million in equity investment from Oak Investment Partners, the funding will help Plastic Logic establish its second factory in Zelenograd, Russia.
The rumored talks between Plastic Logic and Russia's RUSNANO have proven true, as the two companies have announced a partnership. Under the agreement, the two will produce a factory to build Plastic Logic's next-generation plastic electronic displays, as the promised QUE ProReader e-book reader was stillborn. RUSNANO will make a significant investment in the company as part of a large-scale investment, though specific numbers were omitted.
Low-cost computer chip and e-reader device screen maker Plastic Logic is in late-stage negotiations on selling a majority stake of its company to Rusnano, the Financial Times reports. The Russian state-owned nanotechnology would allegedly get control over the UK-based chipmaker. Under the conditions mentioned by the deal, next-generation Plastic Logic chips would have to be produced in Russia.