12/29, 4:35pm
RUSNANO, Thunder Sky team on huge battery plant
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.
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09/12, 9:15am
Plastic Logic 100 resurrects Que for school crowd
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.
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01/17, 11:10pm
Company still working on new e-book reader
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.
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11/09, 5:10pm
Plastic Logic, RUSNANO strike a long-term deal
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.
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08/09, 4:50pm
Plastic Logic in talks with Russia's Rusnano
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.
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