Very interesting. Highlights:
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Liquavista, spun out of the Philips Research Labs in Eindhoven two years ago, has won part of the backing from the government-funded Technology Strategy Board. The project is also backed by Plastic Logic.
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Wasn't Plastic Logic a competitor to Philips/PVI? But I guess they've collaborated before, so maybe not....
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The technology is based on a process called electrowetting, which uses electricity to manipulate a thin layer of liquid so that it changes colour. It uses far less power than a traditional liquid crystal display (LCD) and, crucially, the individual cells change fast enough to run video.
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Far less power than LCD may not mean no power between screen refreshes... we'll have to see how this plays out.