Quester backs Printable Fields Emitters

The VC firm sees high growth potential for PFE's flat panel screen developments.

Venture capital company Quester is investing £1.5m in Printable Field Emitters (PFE), which builds demonstration displays of full colour flat panel screens.

Oxfordshire-based Printable Field Emitters (PFE) promises flat television screens at consumer prices that can be hung on the living room wall. The next step for PFE is to demonstrate the potential of its patented technology by making an A4 size full colour display.

Sally Leeson of Quester said, “The display market for 20-inch to 40-inch television and computer screens is forecast to reach more than £30bn a year within the next two years. PFE’s cold cathode technology has the potential to revolutionise this market by enabling the production of large flat panel field emission displays at high street prices.” PFE was founded in 1995 and employs 25 engineers and scientists based at the Rutherford Appleton Laboratory, Oxfordshire. PFE has previously had financial backing from venture capital companies including 3i, and the Department of Trade and Industry (DTI).

Quester, which was founded in 1984, manages institutional venture capital funds supported by international investors, an e-commerce fund for CGNU, the major insurance group, the University Challenge Funds for Oxford, Bath and Bristol Universities, the Isis College Fund, focused on technology companies emerging from Oxford University, as well as four venture capital trusts.

Last month, Quester closed its Quester VCT4 at £53m. It will focus on investments in software, internet enabling technology businesses, telecoms services and equipment, semiconductors, optical networking, new media, healthcare, life sciences and new materials.