Eindhoven, the Netherlands - iRex Technologies BV, a spin-off from Royal Philips Electronics with backing secured from major independent equity investors, announces an electronic paper application that offers the first complete solution for portable electronic reading and writing

At the heart of the iRex solution is a new generation of electronic reader that combines a revolutionary electronic paper display with wireless networking and touch screen technologies. This delivers the established easy to read, low-power advantages of electronic paper with the capacity to get content from various sources (Internet, PC or flash memory cards), as well as the ability to capture user input. The 8.1” display with 16 grey levels, ensures excellent legibility both indoors and outdoors while still offering a thin, lightweight device for easy portability. The intuitive user interface, based on traditional reading principles, means it is easy to apply to professional and leisure uses.

The electronic reader device will be available for distribution to business partners by April 2006.

iRex Technologies BV brings together a team with many years of experience in electronic paper technologies and portable devices. Working closely with Royal Philips Electronics and E Ink Corporation since 2001, iRex Technologies has based its advanced concepts for portable, electronic paper devices on the proven expertise of its partners.

The company is based at the High Tech Campus in Eindhoven, the Netherlands. “Our solution is the first to offer content-suppliers such a fast, comfortable, secure and interactive opportunity to distribute their content to their users,” explains Hans Brons, CEO of iRex Technologies. “We focus explicitly on B2B partners: for news, educational and professional publishers this means delivering to their audience, regardless of location, with the immediacy of the Internet and the ease and flexibility of paper-based reading. The benefits are not just in user satisfaction. The always up-to-date information and low cost structure should make it easier to reach and even define new markets.”

For more information please contact:

Loeki van der Lee

iRex Technologies BV

Phone : +31 40 2746844

About iRex Technologies

iRex Technologies BV, based in the Netherlands, is a spin-off from Royal Philips Electronics NV. It has already secured capital funding from ABN AMRO Capital and Main Capital.

For the latest on iRex Technologies see http://www.irextechnologies.com/

About E Ink Corporation

E Ink Corporation is the leading supplier of electronic paper display (EPD) technologies.Products made with E Ink's revolutionary electronic ink technology possess a paper-like high contrast appearance, ultra-low power consumption, and a thin, light form. E Ink's technology is ideal for many consumer and industrial applications spanning handheld devices, watches, clocks, and public information displays and promotional signs. E Ink Corporation is a private corporation that includes among its investors and strategic partners TOPPAN Printing Company, Royal Philips Electronics, The Hearst Corporation, Intel Capital, CNI Ventures, a division of Gannett Co., Inc, Air Products and Chemicals, Inc., Vossloh Information Technologies, and Motorola, Inc. E Ink Corporation news can be found at: http://www.eink.com/.

Media Inquiries E Ink Corporation: Jennifer Haight

http://www.eink.com/contact/index.html

About ABN AMRO Capital

ABN AMRO Capital's dedicated technology team makes select investments in highquality, European technology companies. Other recent technology investments include Control Break International, MarketXS, NexWave Solutions, Watermark and Swyx. News on ABN AMRO Capital can be found at: www.capital.abnamro.com

About Main Capital

Main Capital is a private equity investment fund with a clear focus on the media, entertainment and technology sectors. They have top-expertise in growth capital investments, MBO's and special situations. Investments include the market leading, filmed entertainment company Dutch Filmworks, Belgian specialized IT services group Erudict, and leading Dutch technical documentation company Tedopres International. News on Main Capital can be found at: www.main.nl