E Ink derives 70% of their revenue from e-paper display screens found on popular e-readers such as the Kindle and Kobo e-readers. In order to facilitate further growth, the company is going to be heavily focusing on smart tags for luggage and the retail sector.
In 2017 E Ink is expecting to ship between 30 million and 40 million units of smart e-tags, with more than half of those ordered primarily by European retailers, which are gradually replacing paper shelf labels with electronic versions.
“The growth momentum is to extend into next year,” E Ink official F.Y. Gan said. “The biggest growth is expected to come from the US and China. Some large-scale retailers are testing our smart tags at their stores and could begin to adopt them sometime next year.”
Michael Kozlowski is the Editor in Chief of Good e-Reader. He has been writing about audiobooks and e-readers for the past ten years. His articles have been picked up by major and local news sources and websites such as the CBC, CNET, Engadget, Huffington Post and the New York Times.