Power Paper, Toppan Forms Establish Partnership

June 10, 2003 by Jeff Shepard

Power Paper Ltd. (Tel Aviv, Israel), a provider of thin and flexible micro-power source technology and devices, and Toppan Forms, a global leader in business communications and printing solutions, announced that they have entered a into a long-term strategic relationship focused on advancing Power Paper's revolutionary micro-power source technology in the Asia-Pacific and Japan regions.

As part of the agreement, Toppan Forms will receive an exclusive license to manufacture Power Paper's cosmetic patches in Asia-Pacific and Japan. The two companies expect to begin initial production in 2004, quickly ramping up to produce tens of millions of patches per year. Toppan Forms has also made a $2 million strategic investment in Power Paper as part of the company's current fundraising round.