Dutch electronics giant Koninklijke Philips Electronics and New Venture Partners have formed a new company, Liquavista, to commercialize electrowetting display technology, the companies said Wednesday.Electrowetting technology can be used to make displays that are extremely bright and energy-efficient—two critical features for portable devices, such as mobile phones, MP3 players and cameras. It uses electronic currents to manipulate colored oil and water in a tiny cell to create full-color displays that are six times brighter than a liquid crystal display (LCD). The technology’s manufacturing processes are highly compatible with those of LCD, enabling Liquavista to bring its products to market quickly, the companies said. SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe The creation of Liquavista results from an initiative between Philips and New Venture Partners to create independent businesses based on technology developed in the Dutch manufacturer’s labs. New Venture Partners was launched in 1997 as a venture capital arm of Lucent Technologies to commercialize technology from its Bell Labs unit. Since then, the venture capital company has expanded its customer base to include BT Group PLC and Philips.The team of Liquavista, which will be located in Einhoven, Netherlands, includes Rob Hayes and Johan Feenstra, who co-invented electrowetting displays. The company will demonstrate its display technology at the Exhibition of the Society for Information Display 2006 in San Francisco from June 6-8. Additional information about electrowetting technology is available online.-John Blau, IDG News ServiceCheck out our CIO News Alerts and Tech Informer pages for more updated news coverage. Related content opinion The changing face of cybersecurity threats in 2023 Cybersecurity has always been a cat-and-mouse game, but the mice keep getting bigger and are becoming increasingly harder to hunt. By Dipti Parmar Sep 29, 2023 8 mins Cybercrime Security brandpost Should finance organizations bank on Generative AI? Finance and banking organizations are looking at generative AI to support employees and customers across a range of text and numerically-based use cases. By Jay Limbasiya, Global AI, Analytics, & Data Management Business Development, Unstructured Data Solutions, Dell Technologies Sep 29, 2023 5 mins Artificial Intelligence brandpost Embrace the Generative AI revolution: a guide to integrating Generative AI into your operations The CTO of SAP shares his experiences and learnings to provide actionable insights on navigating the GenAI revolution. By Juergen Mueller Sep 29, 2023 4 mins Artificial Intelligence feature 10 most in-demand generative AI skills Gen AI is booming, and companies are scrambling to fill skills gaps by hiring freelancers to make the most of the technology. These are the 10 most sought-after generative AI skills on the market right now. By Sarah K. White Sep 29, 2023 8 mins Hiring Generative AI IT Skills Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe