E Ink Names TOPPAN Printing Company's Hideaki Kawai to Board of Directors.

Business Editors/High-Tech Writers

CAMBRIDGE, Mass.--(BUSINESS WIRE)--Oct. 23, 2002

Mr. Kawai brings years of display industry expertise in the areas of R&D, product and new business development to the board of E Ink Corporation.

E Ink Corporation, the leading developer and marketer of electronic ink technology, today announced the appointment of Hideaki Kawai, Managing Director of TOPPAN Printing Co., Ltd. to its Board of Directors.

"The addition of Mr. Kawai to our board brings significant display industry knowledge and experience which has great relevance to our market initiatives and company growth," said E Ink CEO Jim Iuliano. "As our strategic partner and investor, TOPPAN will continue to play a significant role in the commercialization of our electronic ink technology."

While Mr. Kawai has taken on several key positions over his long career at TOPPAN since 1968, his recent responsibility is as Head of Corporate R&D Division. In this role, he manages the company's overall manufacturing, research and development departments. Additionally, he oversees the Advanced Products Division, which handles rear-projection screens and anti-reflective films for LCDs, and the TOPPAN Technical Research Institute. Mr. Kawai was appointed Director in 1996, then Managing Director in June 2002.

"The strategic partnership with E Ink is an indispensable key factor of TOPPAN's challenge to pioneer new business areas. The social need for electronic paper is high, and we are confident in creating a new market. We have engineers working together with E Ink, merging leading edge technology with our century-old mass production technology. I am glad that my expertise in new business development can be utilized for the management of E Ink and the tight collaboration aimed toward commercialization in 2003," said Mr. Kawai.

As a world class supplier of components to the display and electronics industries, TOPPAN is well known by its customers as a leading manufacturer and reliable supplier of high-quality, sophisticated components. In May 2001, E Ink and TOPPAN Printing, Co., Ltd. announced a strategic partnership to develop color electronic ink displays. Under terms of this comprehensive agreement, TOPPAN made an initial equity investment of $5 million in E Ink. In return for funding and development collaboration, TOPPAN received the exclusive global rights to manufacture and supply color filters for electronic ink displays for a certain period. The companies further agreed to explore collaborations on other strategic projects such as plastic-based color filters and flexible displays.

In February 2002, TOPPAN and E Ink announced a major investment of $25 million in E Ink by TOPPAN and the significant expansion of their strategic partnership to commercialize electronic paper. Under terms of the partnership, TOPPAN will manufacture frontplane laminate (FPL) products for E Ink's high-resolution active matrix displays business using electronic ink supplied by E Ink. TOPPAN also will become E Ink's distributor of the FPL product to Japan-based TFT display makers.

In addition to the rapid scale-up and commercialization of electronic ink based displays for high volume commercial release in 2003, the partnership has demonstrated the world's first high resolution, active-matrix color electronic ink display. Recently, TOPPAN and E Ink announced their plans for joint exhibition at the 2002 LCD / PDP International in Yokohama, Japan, from October 30 - November 1, 2002.

About E Ink

E Ink Corporation was founded in 1997 to create a new medium for visual communications. E Ink's electronic ink display technology helps unleash the full power of our connected world by uniquely combining a paper-like reading experience with the ability to access information anytime, anywhere. E Ink's technology delivers the look, form and utility of paper encompassing broad design freedom, manufacturing flexibility and the ultimate in readability and portability. Electronic ink displays are currently being developed for many applications spanning handheld devices, wearables and transportation signage under two main product platforms: high-resolution active matrix displays; and low-to-medium pixel count character and segmented displays. In addition, E Ink and other partners are continuing research and development into next-generation flexible displays for SmartCards and electronic paper.

E Ink is a private corporation that includes among its investors and strategic partners TOPPAN Printing Co. Ltd., VST, Philips Electronics, Air Products and Chemicals, Inc., Motorola, Inc., Lucent Technologies, Creavis GmbH, The Interpublic Group of Companies, Inc., Havas (a division of the Vivendi Group in France), Langenscheidt Verlag, The Hearst Corporation, Atlas Venture, Applied Technology and Solstice Capital. E Ink is headquartered in Cambridge, Massachusetts and has an office in Tokyo, Japan. For additional information, call 617-499-6000 or visit E Ink's Web site at www.eink.com.

About TOPPAN

Formed in 1900, TOPPAN Printing Co., Ltd. of Tokyo, Japan is a leader in the global printing industry. With its consolidated subsidiaries, TOPPAN had net sales of 1,296 Billion Yen (9.8 Billion US$) with 31,610 employees in fiscal 2001. TOPPAN applies the expertise it has gained from printing in diverse industry sectors that include securities & cards, commercial printing, publications printing, packaging, industrial materials, electronics, business forms and multimedia. For additional information, visit TOPPAN's Web site at www.toppan.co.jp/english.

Over the past 2 years TOPPAN has invested $30 million in E Ink and the two companies, together with Philips, recently announced the unveiling of the world's first active matrix color electronic ink display. TOPPAN provides color filters to E Ink and has signed a joint development agreement for manufacturing and distribution of the company's products in Asia.