The company, a subsidiary of Oslo, Norway-based Opticom ASA, insisted that no insurmountable technical problems have been identified and said it is confident that it will be able to meet the agreed performance specifications. It had previously warned that certain work packages in the project had proven to be more time-consuming than originally planned.

Opticom has been bullish about the potential of plastic memory and Opticom has forecast that Polymer-based memory could grab a 25% to 35% slice of the market for memory in portable devices, leading to annual sales of more than $16bn in the next few years.

Source: Computerwire