If you were thinking of getting yourself a color eInk e-reader, you might have to end up paying $500 for the Jetbook Color e-reader by Ectaco, a company that takes the Havon readers and pairs it with their own firmware that has been exclusively developed for both the English and European markets.

What this has done was it created an e-reader that would be popular amongst those living in Europe, thanks to the fact that it has been localized in 15 different languages, which at the same time made it relatively unknown to the US market, at least until recently when Ectaco revealed their plans for a US launch.

The e-reader was supposed to cost $350, and apparently it still does although that price is reserved for schools, which is not surprising considering that the Jetbook Color will come shipped with a variety of educational software such as test taking, scheduling, reference sheets and apps that schools have requested for.

It will feature an 800MHz Freescale processor, a 9.7” display with a resolution of 1600×1200 along with WiFi connectivity and a microSD card slot for memory expansion and support for a variety of e-book formats. The Jetbook Color is expected to start shipping come 15th January 2012, and if you’re interested in learning more or want to place an order, head on down to Ectaco’s website.

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