Liquavista Receives Strategic Investment from Applied Materials

EINDHOVEN, The Netherlands, October 26, 2009-- Liquavista B.V., a developer of breakthrough display manufacturing technology, announced today that it has received a strategic investment by Applied Ventures, LLC, the venture capital arm of Applied Materials, Inc. (Nasdaq: AMAT). The investment will enable Liquavista to further the commercialization of its unique display technology for future electronic products.

Liquavista has developed a new type of electronic screen technology for use in mobile phones, media players, electronic readers and other mobile devices. Liquavista’s displays create bright and colourful images that deliver excellent indoor and outdoor viewability and use dramatically less battery power. Users can engage with their favourite applications for longer before a recharge is necessary and battery sizes can be reduced, allowing devices to be thinner and lighter.

“This strategic investment from Applied Ventures marks a significant milestone for Liquavista,” stated Guy Demyunck, CEO of Liquavista and formerly CEO of Philips Consumer Electronics Division. “New display technologies are required to meet the need for daylight readability, low power and outstanding colour video performance in portable devices. Applied Materials has been among the first to understand the power of Liquavista’s technologies in delivering against those requirements and its significant potential for commercialisation and wide adoption.”

“We look for companies with cutting edge technology and whose strengths and capabilities complement our own,” said J. Christopher Moran, Vice President and General Manager of Applied Ventures. “We believe Liquavista’s approach, which is based on conventional, scalable display manufacturing processes, can spur the growth of new, high performance applications for the display industry.”

Liquavista’s technology offers a new type of paper-like display with vastly improved usability, content compatibility and cost comparisons. Aimed initially at the fast growing electronic reader market place, Liquavista’s first active-matrix technology platform, LiquavistaBright, offers a unique combination of outstanding brightness and high contrast in all lighting conditions, coupled to an intrinsic video capability, excellent legibility and functional freedom. LiquavistaBright will be shown for the first time at FPD International 2009 in Yokohama, Japan, on October 28-30.

About Liquavista – www.liquavista.com

Liquavista offers a new type of electronic screen technology that will change the way we interact with mobile phones, media players, electronic readers and other mobile devices. Liquavista’s displays create bright and colourful images that ensure excellent indoor and outdoor viewability and use dramatically less battery power. Users can engage with their favourite applications for longer before a recharge is necessary and battery sizes can be reduced allowing devices to be thinner and lighter.

The company’s ultimate vision is to build on the extraordinary optical performance and unique power efficiency of its technology to lead a green revolution in low power displays for notebook PCs, desktop monitors and televisions.

Liquavista was founded in 2006 as a spin-out from the world famous Philips Research Labs in Eindhoven. The company is backed by Amadeus Capital, GIMV and Prime Technology Ventures. It is headquartered in Eindhoven, the Netherlands.

About Applied Ventures – www.appliedventures.com

Applied Ventures LLC, a subsidiary of Applied Materials Inc., invests in early stage technology companies with the high growth potential that provide a window on technologies that advance or complement Applied Materials’ core expertise. Applied Ventures’ investments help develop technologies and markets that provide natural extensions of Applied Materials’ businesses and can stimulate the growth of applications for its products and services. Applied Materials, Inc. is the global leader in Nanomanufacturing Technology solutions with a broad portfolio of innovative equipment, service and software products for the fabrication of semiconductor chips, flat panel displays, solar photovoltaic cells, flexible electronics and energy efficient glass.

Contact:
Joanne Eames, Liquavista UK
+ 44 (0) 7840 937841
joanne.eames@liquavista.com
or
press@liquavista.com

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