Palm Invests in Handheld Printer Company

Palm has invested in SiPix, a company that is going to manufacture thermal printers for handhelds and tiny cameras. A thermal printer uses heat to transfer images to special paper.

Interest in handheld printers has never been high but IDC analyst Ron Glaz believes the market may be ready. "With handheld technology becoming also wireless, there is an increased need for being able to print."

Mr. Glaz went on to say, "The ability to bring innovative, high quality and affordable products to market is a successful combination, and SiPix has that ability. The company is in the right space at the right time."

Palm made this investment from its $50 million Palm Ventures fund. A Palm spokesperson declined to say how much they had invested. SiPix has also received funding from Goldman Sachs, Baring Private Equity Partners, CitiCorp Capital, Worldview Technology Partners and Telligent Investment Management LLC.

Special thanks to Cnet.

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