It is readable in sunlight, lightweight, rugged and field proven with over 50 million ePaper displays being used worldwide.

ENGADGET: E Ink acquires SiPix, may dominate e-paper universe

Also, the ePaper initiative would need to look at how to manage the relationship between users and their paper, Brass said.

CNN: Microsoft banks on ClearType to spur electronic books

In the past 15 years, E Ink has made substantial investments in inventing, designing, manufacturing and marketing ePaper displays to create new markets.

ENGADGET: E Ink acquires SiPix, may dominate e-paper universe

With this purchase, E Ink will have the widest offerings of ePaper technologies, a larger set of products and a stronger patent portfolio.

ENGADGET: E Ink acquires SiPix, may dominate e-paper universe

The combined company will offer a vast portfolio of ePaper products that will allow it to expand its existing markets and diversify into newer applications.

ENGADGET: E Ink acquires SiPix, may dominate e-paper universe

"E Ink is committed to growing the ePaper market and the purchase of SiPix shares is part of our long term growth strategy, " said Scott Liu, Chairman of E Ink Holdings.

ENGADGET: E Ink acquires SiPix, may dominate e-paper universe

Brass said ePaper, albeit not specifying whether it would be a product or a set of technologies, will address how users live electronically with paper, and would include better scanning and optical character recognition.

CNN: Microsoft banks on ClearType to spur electronic books

Dick Brass, vice president of technology development at Microsoft, said the technologies will launch a lot of new areas such as eBooks, tablet PCs, ePads and ePaper, with eBooks to come out of the gate first with "major announcements" in about six months.

CNN: Microsoft banks on ClearType to spur electronic books