Power Paper Ltd. (Tel Aviv, Israel), a provider of thin and flexible micro-power source technology and devices, announced agreements with a number of leading companies worldwide who are authorized to manufacture the company’s products. The authorized manufacturers include Toppan Forms, Avery Dennison, Graphic Solutions Inc., Jetta Industries and KSW Microtec AG. Most of the agreements were signed over the course of 2003, and Power Paper expects to realize (approximately) $15 million in revenue from the contracts over the next three years.
"Having these authorized manufacturers is a critical step for supporting the growing demand for products enabled by Power Paper technology," stated Power Paper CEO Shalom Daskal. "We now have the capability to produce hundreds of millions of batteries or products per year, and we are thrilled to partner with these global leaders, who will provide superior quality Power Paper batteries and products."
