Plastic Logic, best known for its pricey, delayed and now abandoned Que eReader, has received a significant investment from a Russian state-owned nanotechnology corporation.
As we predicted when reporting talks in August, Plastic Logic is to open a factory in Russia to make its next-generation plastic electronics displays as part of the deal with the Russian Corporation of Nanotechnologies.
Rusnano is putting more than $100m into the company for a “hefty” minority stake, according to a source close to the deal. Read more
It would be really nice to be able to believe in the success of the Que proReader (and not just because the Financial Times is one of the publishers that has done a deal with Plastic Logic, the company that makes the device).
The history of the Que is one of those compelling technology stories that leaves you rooting for the people behind it, and the wide vision that it represents is infectious. Like all ambitious visions, though, this one relies on perfect execution.
Until the full reviews are in I’ll suspend final judgment, but my fear is that CEO Rich Archuleta’s claim that the Que marks the arrival of the “paperless briefcase” will end up being filed with all those similar promises of “paperless offices” we’ve heard over the years. Read more
A compendium of digital book announcements for you today.
First, Spring Design has announced Alex (pictured), the first Android-based eReader, with full web browsing capabilities and patented dual-screen technology. Read more
First, full disclosure: I have a very direct interest in Plastic Logic’s electronic reader. That is partly because, today, the company announced a deal with the Financial Times and others to put content on its device, which is due out next year. But there’s more to it than that.
The Plastic Logic Reader offers an alluring promise to publishers who depend on advertising. With a bigger screen than Amazon’s Kindle (latest model out today), it may one day become a device onto which newspaper and magazine publishers can transfer their existing products – and business models.
One side-effect of that would be to keep me in a job. Unfortunately, though, that day still looks some way off. Read more