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MED to use CDT’s proprietary Light Emitting Polymer display
technology to produce high-resolution, miniature displays



CAMBRIDGE, United Kingdom, (1 October, 2001) – Cambridge Display Technology (CDT), the leading researcher and commercial technology developer of light-emitting polymer (LEP) technology, today announced that it has granted a licence to Edinburgh, UK, based start-up company MicroEmissive Displays Ltd. (MED) to enable MED to manufacture and sell miniature, high resolution light emitting polymer, LEP, displays.


MED will initially develop OEM LEP products for viewfinder applications in video camcorders, digital cameras, toys and gaming products. MED is currently installing a LEP pilot line at its corporate headquarters in the newly built Scottish Microelectronics Centre and expects to launch full commercial LEP microdisplay products during 2002.


MED’s investment in an LEP microdisplay pilot production line independently mirrors CDT’s own investment in a LEP technology development line at its m centre in Godmanchester, UK, which is due to be operational in early 2002. Both investments support CDT’s efforts to drive the commercialisation of LEP technology.


Microdisplays are tiny high resolution displays built directly on silicon substrates, which are very lightweight and low power. By using magnifying optics they create an image that is larger than the physical size of the device. Microdisplays are expected to have application in 3G mobile phones, headsets for wearable computing, and a wide range of other content-enabled consumer products.


David Fyfe, CEO of CDT, said, "We are very pleased to be working with MED, and believe very strongly that it has the right credentials and experience to develop LEP microdisplays. MED has made great strides in developing the manufacturing process surrounding LEP displays on CMOS silicon wafers. Its work shows clearly that LEP display technology is very compatible with low power CMOS electronics, and its products are expected to have a significant impact in the emerging microdisplay marketplace. CDT is committed to giving full support to all licensees to aid the commercialisation of LEP technology.”


Peter Denyer, Executive Chairman of MED, said, " LEP has clear advantages over competing microdisplay technologies. The key requirement for the consumer applications that we are targeting is low power consumption and this is where LEPs are unrivalled. Both peripheral electronics and manufacturing are less complicated for LEP microdisplays. I believe that MED will quickly establish itself as a significant microdisplay provider and the leading brand in this field.”


According to research conducted by McLaughlin Consulting Group, a specialist electronics display market research firm, the next decade will give rise to the maturation of personal display opportunities. Sales of personal display microdisplays used in viewfinders and headsets and embedded in Internet appliances are expected to grow to .5 billion by 2005, becoming a substantial segment of the .6 billion total microdisplay market.


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 MicroEmissive Displays Ltd


MicroEmissive Displays Ltd was co-founded in 1999 by, Jeff Wright, and Ian Underwood as a spin-out from Edinburgh and Napier Universities. The company aims to become the leading provider of microdisplays for portable consumer electronic products. MED, is chaired by Peter Denyer, the founder and former CEO of Vision Group, the CMOS image sensor company, which floated in 1995 and was acquired in 1998. 3i, Europe’s leading venture capital company invested £1.5 million in MED in September 2000. MED is currently completing a further round of venture capital finance.


More information available on the internet: http://www.microemissive.com


Contact:


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



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