UST Global has announced its partnership with Plastic Logic, a leader in the design and manufacture of flexible, glass-free electrophoretic displays (EPDs). The joint venture will enable UST Global to provide its retail customers with flexible, whole-shelf Electronic Shelf Labels (ESLs) based on Plastic Logic's advanced flexible OTFT-based ePaper technology.
The flexible ESLs can be curved into a variety of shapes, measuring up to 4-feet long x 1 ¾-inch deep, and will enable retailers to display product information and pricing across the entire length of a standard shelf, as well as create advertising and promotional messages that can be displayed, rotated and dynamically changed several times a week. For further information see the IDTechEx report on Electronics Reshaped 2020-2040.
Speaking on this occasion, Tim Burne, Chief Executive Officer, Plastic Logic, said, "We're really excited to be partnering with UST Global to find new and exciting retail applications for our innovative ESL technology. To date, retailers have struggled to find the right method for creating whole-shelf displays. The combination of our display development efforts and our partnership with UST Global means for the first-time retailers can take advantage of flexible display technology that significantly enhances their customers' interactions and experiences."
Commenting on this, Sunil Kanchi, Chief Investment Officer and Chief Information Officer, UST Global, said, "Innovation through perfect technology enablers with measurable benefits has always proven to drive exponential growth for large retail organizations. We see an upward trend in the market for Electronic Shelf Labels. Our global partnership and joint development with Plastic Logic ensure that our retail customers can now drive costs and increase value by adopting flexible shelf labels for centralized pricing and advertisements."
Niranjan Ram, Chief Technology Officer, UST Global, said, "We are seeing demand from our large retail customers globally for flexible, whole-shelf displays that are not restricted to individual product pricing, but expanding to advertisements along the shelf edge. This joint venture with Plastic Logic allows us to provide retailers the tools to create and change pricing across whole ranges on a standard shelf, as well as incorporate advertising for brands and products. This offers significant ROI opportunities through additional revenue generated from every store shelf, including labor savings and dynamic updates to potentially thousands of labels and advertisements."
Source: UST Global
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