Zink Imaging, which recently purchased the massive Konica Minolta production plant in the Triad, has closed on $25 million in Series B financing, Venture Wire reported Friday.
Zink is based in Massachusetts. The company was launched by a group of executives who purchased inkless printing technology from
Zink will use the Triad plant to make its patented paper that is embedded with dye crystals which are activated by heat produced by Zink-enabled printers. According to Zink, the paper avoids the need for ink in printers and also produces “high quality, long lasting, durable and affordable images.”
The plant is located near Interstate 40/85. It was built in 1989.
Konica Minolta decided to shut the plant due to the increasing popularity of digital photo images and decreasing demand for traditional photo paper.
