Despite a decline in revenues in November, E Ink Holdings (EIH) will still be able to reach its goal of shipping 25-30 million EPD (electrophoretic display) products in 2011 with a gross margin of 30%, according to the company.

EIH posted revenues of NT$3.57 billion (US$117.88 million) for November, up 9% on year but sown 33% on month.

While shipments of FFS (fringe field switching) panels have started generating revenues for the company, high-margin EPD products still account for the majority of EIH's total sales, allowing the company to maintain a gross margin of over 30%, indicated industry sources.