August 26, 2022 – Billerica, MA - E Ink (8069.TWO), the originator, pioneer, and global commercial leader in digital paper technology, today announced that the carbon footprint of their 6.8 inch ePaper module for eReaders and their 2.9 inch ePaper module for electronic shelf labels (ESL) have been verified by the British Standards Institution (BSI), as being in compliance with the ISO 14067:2018 standard. The carbon footprint of every 6.8 inch ePaper module is 3.30 kg CO2; every 2.9 inch ePaper module is 0.59 kg CO2e.

In December 2021, E Ink announced their pledge to reach 100% use of renewable energy by 2030 and net zero carbon emissions by 2040. Throughout 2022, E Ink will be actively reducing greenhouse gas (GHG) emission from the design and manufacturing process of ePaper displays. By conducting a study on the carbon footprint of ePaper products, the Company will not only determine the amount of carbon emission in the manufacturing processes of ePaper modules, but it will also provide E Ink a framework to develop a solid carbon emission reduction plan.

This carbon footprint verification selected the most commonly used ePaper modules, the 6.8 inch module for eReaders and the 2.9 inch module for ESL. The verification focused on the GHG emissions during the material receiving and manufacturing stages and throughout the life cycle of the products. The carbon footprint data investigation includes the raw material production, materials transportation and product manufacturing of the ePaper module assembly based on the functions of each site within the Company, including Massachusetts site in North America, and Hsinchu, Linkou and Yangzhou sites in Asia.

“E Ink ePaper is an eco-friendly display with ultra-low power consumption and low carbon emission, but when facing a worldwide challenge of net zero carbon emission, we have to actively take additional actions to implement a low carbon emission plan.” said Johnson Lee, CEO of E Ink Holding. “The carbon footprint verification provides clear data to learn the carbon emission data generated by the ePaper materials and modules in the manufacturing process, thereby establishing the carbon footprint methodology of ePaper products. This allows E Ink to review and modify the product design and manufacturing process for carbon footprint reduction. We hope to not only develop and manufacture green ePaper products and develop low-carbon smart displays, but also reduce the impact of GHG by implementing low-carbon green manufacturing processes.”

 In accordance with the ISO 14067:2018 standard, E Ink compiled information based on the principles of completeness, consistency, accuracy, relevance and transparency, set thorough regulations on the GHG emissions throughout the product life cycle, and made impact assessments. The data and supporting materials of this inventory were verified and assured by British Standards Institution (BSI) and the verification statement of reasonable level of assurance has been obtained.

Apart from Carbon Footprint Researches, E Ink has been studying the CO2 effects of displays using paper or LCD versus electronic paper (ePaper) displays. Findings have shown significant CO2 savings with the use of E Ink ePaper displays.

• As an example, a financial institution with 125 branches saves 16.5 million A4-sized paper sheets each year when they adopt an eNote using E Ink’s technology, and contributes approximately 1,100 tons of CO2 reduction each year.

• In the past 5 years, 130 million eReaders have been in use globally, replacing the purchase of paper editions of books. It is estimated that paper books would emit more than 100,000 times the CO2 versus eReaders with an E Ink display and LCD devices would emit more than 50 times the CO2 versus eReaders throughout that time.

• Over the past seven years, 600 million electronic shelf labels (ESLs) of around three inches in size have been installed worldwide. If it is assumed that the price and information is changed four (4) times a day, ePaper tags can reduce CO2 emissions by 32,000 times versus single-use paper price tags.

• Comparing the energy usage of ePaper retail tags versus LCD retail tags over a period of five years, with four updates per day, for every kilowatt hour (kWh) consumed to manufacture the ePaper material a savings of 400 kWh is realized.

• E Ink’s low power ePaper enables solar-powered ePaper signage and bus stops around the world to be net-zero devices, using 100 percent renewable energy.

Working towards the goals of 100% use of renewable energy by 2030, and net zero carbon emissions by 2040, E Ink will continue to verify carbon footprints of its new ePaper technologies and products. E Ink will provide its methodology of verifying the carbon footprint of ePaper products as a reference for its customers to design and develop ePaper products with low carbon emissions. E Ink’s carbon footprint is also a reference for suppliers to verify their product carbon footprint by E Ink’s framework in accordance with the ISO 14067:2018 standard.

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About E Ink Holdings

E Ink Holdings Inc. (8069.TWO), based on technology from MIT’s Media Lab, is an ideal display medium for applications spanning eReaders and eNotes, retail, home, hospital, transportation and more, enabling customers to put displays in locations previously impossible. E Ink’s electrophoretic display products make it the worldwide leader for ePaper. Its low power displays enable customers to reach their sustainability goals, and E Ink has pledged using 100% renewable energy in 2030 and reaching net zero carbon emissions by 2040. E Ink is a member of the Climate Pledge, has joined the Science Based Targets Initiative (SBTi), and has been listed as one of the Asia-Pacific Climate Leaders by the Financial Times, Nikkei and Statista in 2022. Listed in Taiwan's Taipei Exchange (TPEx) and the Luxembourg market, E Ink Holdings is now the world's largest supplier of ePaper displays. For more information please visit www.eink.com. E Ink. We Make Surfaces Smart and Green.

Contacts:

Anna Halstead

Racepoint Global

617-624-3213

eink@racepointglobal.com