BEIJING, April 10, 2018 (GLOBE NEWSWIRE) -- CLEARink Displays Inc, the leader in next-generation ePaper, announced today that it has won the Frost & Sullivan 2018 Technology Innovation Award for its reflective display technology.
“CLEARink’s reflective display is a technology innovation and forerunner in the reflective display industry, demonstrating high potential to become an industry standard in the future,” said Varun Babu, Research Analyst at Frost & Sullivan.
CLEARink has developed ePaper 2.0, the world’s first reflective display that is color and video/Internet capable. Frost & Sullivan analysis finds that CLEARink’s strategy of targeting high-impact industries is a key factor in expanding its reach into different geographies. The company targets the education and wearables markets, where traditional display technologies are not a good fit. The company has seen great traction in the education market because of growing concerns about the lack of outdoor readability with traditional displays, which forces students to learn in daylight-deprived classrooms, as well as the detrimental impact of long-term exposure to emissive displays and backlights.
According to Frost & Sullivan research, the display market will likely reach $200 billion by 2024, thus positioning CLEARink’s reflective technology as more of a transformational solution. Furthermore, Frost & Sullivan believes the development of low-cost display products that are simple to manufacture in existing, fully depreciated factories underscores CLEARink’s best practice of demonstrating product differentiation in the reflective display industry.
“CLEARink’s team is honored to receive the prestigious Frost & Sullivan Technology Innovation Award for this year,” said Frank Christiaens, CEO and Chairman, CLEARink Displays. “We started the company on the belief that our disruptive display technology would not only have tremendous commercial value but also make a difference in the lives of millions. Its very gratifying to receive accolades such as this globally recognized award from industry experts.”
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About CLEARink Displays, Inc.
CLEARink is a leader in reflective display technology for eSchoolbooks, Wearables, IoT, electronic shelf labels (ESLs), outdoor signage and automotive applications. CLEARink’s patent protected TIR technology is a superior alternative to existing reflective displays, providing unparalleled video and color representation, using a fraction of the energy consumed by LCD, with a highly competitive cost structure. Founded in 2012, the company has raised over US$20 million in financing from strategic investors in the display industry and is headquartered in Fremont, California. For more information, visit http://www.clearinkdisplays.com.
Media Contact: Flora Yang flora@clearinkdisplays.com