Philips Electronics has announced that the first spinout from its technology incubator group will be a company focusing on products for the rollable display market.

This is the second of today’s business announcements in the flexible display market. UK firm Plastic Logic has secured $100m investment to build its first flexible display production facility in Dresden.   

Technology Capital has invested €21m in the company called Polymer Vision and it will become the major shareholder. Philips will retain a 20% stake in the new company.

According to Philips, volume production of Polymer Vision’s 5-inch monochrome rollable display will start this year in cooperation with existing partners.

"With a solid investment partner in Technology Capital and a first-rate team of people in Polymer Vision we can now focus on commercializing the first step of our journey to getting a rollable display into every mobile device.” said Karl McGoldrick, CEO of Polymer Vision.

The company will continue to operate from its location at the High Tech Campus Eindhoven, the Netherlands.

Polymer Vision has developed a rollable electronic-display and has demonstrated a prototype which proves the integration capability of the rollable display technology in a hand-held mobile device.

The display can be rolled out to a greater size than the actual device itself. According to the firm, it can be read in bright sunlight and has lower power requirements than an LCD display with backlight.