Zink Raises $35 Million to Free Us from Ink Cartridge Tyranny
Replacing the six color cartridges on my printer costs more than the machine did new, so a company called Zink (short for "zero ink") already has won my heart. The Massachusetts-based company is in the news for landing $35 million in Series B funding to pursue the market for inkless printing. It's an idea that Xerox was working on back in 2007. The nearly six-year-old company also is following in the footsteps of Research in Motion, MySpace and SAP in naming co-CEOs, an unusual leadership model for most companies. Board Chairman Mary Jeffries and President Ira Parker, both veterans of Polaroid, are taking the helm of the company and continuing in their board roles. The announcement does not mention what happened to previous CEO Mary Caswell, a Mass High-Tech Women to Watch honoree in 2008. The company spun off from Polaroid in 2005. The company's technology applies chemistry and heat to crystals in specialized paper to create a full range of colors. The technology is used in a limited number of home photo printers and digital cameras.