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Cambridge, 10 May, 2001 – Cambridge Display Technology today announced that it has reached a Technology Evaluation Agreement with Luxell Technologies Inc. of Toronto, Canada, under which the two companies will jointly evaluate the performance-enhancing impact of Luxell’s Black Layer™ technology on the organic light emitting polymer (LEP) structure which is licensed by CDT to flat panel display (FPD) manufacturers.

“This agreement provides us with the opportunity to work with the world’s leading developer of polymer-based LEP flat panel display technology” stated Luxell President and C.E.O. Brian Kennedy. Kennedy added, “This agreement is an important element of Luxell’s strategy to deploy the Company’s Black Layerä technology to the emerging OEL marketplace.”

David Fyfe, CEO of CDT, stated, “CDT’s central role in the development and commercialization of our LEP technology warrants the pursuit of innovative approaches for maximizing LEP performance. Luxell has demonstrated the effectiveness of its contrast enhancement technology in its own products and we look forward to evaluating its potential in light emitting polymer displays.”

About CDT

Cambridge Display Technology, CDT, is a privately held company that is leading the research, development and commercialization of polymer technology for flat panel displays and lighting. CDT’s light emitting polymer, LEP, technology is targeted for use in a wide range of electronic display products currently used for information management, communications and entertainment. Features include reduced power consumption, size, thickness and weight, very wide viewing angle, superior video imaging performance and the potential to create displays on plastic substrates.

CDT is promoting LEP technology development and speeding its commercialization through a global business strategy including co-developments with leading companies in a wide range of display and related technology areas. Founded in 1992, the company is headquartered in Cambridge, UK. More information about CDT is available on the World Wide Web at http://www.CDTltd.co.uk.


About Luxell Technologies Inc.

Luxell Technologies Inc. develops, manufactures and licenses industry leading flat panel display technologies and solutions based on inorganic electroluminescent (EL), emerging organic electroluminescent (OEL) and organic light emitting polymer (LEP) technologies.

Luxell’s technology solutions include the Company’s patented Black Layerä which delivers industry-leading performance features including highest contrast, best image, lower cost, lower power consumption, longer life, less mass and a thinner display. The Black Layerä technology is suitable for every type of OEL display including mass-market consumer applications such as cell phones, personal digital assistants, car stereos, computer monitors and televisions. The Black Layerä technology is patented in Canada, the United States, Europe and Japan.

Luxell has a three-tier business strategy that calls for the Company to grow its revenue through licensing agreements, pursuing strategic relationships with original equipment manufacturers (OEM) which supply flat panel displays to mass consumer markets and through sales of its high performance display products.

The Canadian Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Stephen Waddington / Alia Ilyas
Rainier
+44 (0) 20 7494 6570
swaddington/ailyas@rainierco.co.uk

Brian Kennedy, President & CEO
Luxell Technologies Inc.
+1 (905) 206-1708
bkennedy@luxell.com



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