The document discusses a novel plastic memory technology developed by scientists at HP Labs and Princeton University, which offers high-density data storage in a small size and at a lower cost than traditional silicon-based memory. The plastic memory utilizes a conducting polymer to create a one-time writable storage solution that can achieve data transfer speeds of 2-10 MB/s for reading and 1-4 MB/s for writing. This technology combines characteristics of both CDs and conventional memory chips, being cost-effective and energy-efficient while maintaining data even when powered off.