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Plastic Logic has raised $50m in new equity finance led by existing venture capital investors Oak Investment Partners and Amadeus Capital Partners.

This means that Cambridge-based Plastic Logic, which is developing a plastic semiconductor technology for use in displays and sensors, has raised more than $200m.

“We have placed a big bet that plastic electronics is, indeed, a game-changing technology. Over time, the markets and possibilities for plastic electronics are endless,” said Hermann Hauser of Amadeus Capital.

The company, which is commercialising research which came out of the University of Cambridge in 2000 and is building its first production facility in Dresden, expects first consumer electronics devices incorporating plastic display technology in early 2009.

“We are approaching very significant milestones in the creation of the plastic electronics industry with the opening of our Dresden plant and the pending launch of our first commercial consumer electronics product,” said CEO Richard Archuleta.

“This new investment will enable expanded business operations in support of our first commercial product early next year while we continue to develop our IP to deliver on our broader long-term vision,” said Archuleta.

The Dresden facility is scheduled to open in September 2009.

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