LG Display and iriver have announced a partnership that will see the two companies collaborate as a new ODM/OEM ebook manufacturer. The new venture, L&I Electronic Technology (Dongguan) Ltd., will be based at iriver’s Chinese plant and see LG Display provide the e-ink panels and iriver develop product designs. LG Display will have a small majority stake in the collaboration, providing 51-percent of the total $5m financing.
The first output from the L&I plant will carry the iriver brand, though technical details of the model itself are unclear. It’ll likely have a monochrome e-paper display, however; LG Display reckon 
they’ll grab the number one spot for color and flexible EPD by 2012. No word on when the first ereader device will be available, however.