Smart retail collaboration to expand ePaper display applications
The goal of the partnership, say the companies, is to accelerate broader adoption of electronic paper in smart retail applications. As part of collaboration, E Ink has agreed to complete a €26 million investment in SES-imagotag in the form of a capital increase of SES-imagotag.
The companies have previously collaborated to provide a solution for smart retail tags, including implementing E Ink Spectra products, which introduced red and yellow color into traditionally black and white electronic retail tags. In the new agreement, E Ink hopes to capitalize on the benefits of low-power ePaper solutions for IoT applications, while SES-imagotag will accelerate its go-to-market strategy by delivering what it claims are the best and most effective solutions for smart retail.
“E Ink aims to strengthen its business through closer partnership with players in the smart retail ecosystem, and we plan to continue investing resources into retail applications,” says Johnson Lee, President of E Ink Holdings. “We are enthusiastic about the development of ePaper display applications in the retail industry, and delighted to deepen the collaboration with SES-imagotag through this investment. With SES-imagotag’s worldwide, leading expertise on smart retail solutions, E Ink and SES-imagotag will expand the ePaper display applications in the smart retail sector together.”
Thierry Gadou, Group Chairman and CEO of SES-imagotag, adds “This partnership moves E Ink’s relationship with SES-imagotag to the next level. Together we build a fascinating and beneficial technology and we know that the retail IoT market is really accelerating. This alliance is long-term and our synergies are countless.”
The capital investment in SES-imagotag remains subject to the approval by the extraordinary general meeting of SES-imagotag on June 22, 2018 and, if approved, the transaction is expected to be completed shortly after such approval. The transaction defines E Ink as a strategic partner of SES-imagotag for the supply of electronic ink technology for smart retail use, and mutually, SES-imagotag as one of the major suppliers of smart tags in the smart retail sector.
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