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CDT acquires exclusive right to sub-license Luxell’s Black Layer™ technology for the LEP market

CAMBRIDGE, United Kingdom, (October 31, 2001) – Cambridge Display Technology (CDT), the owner of the fundamental intellectual property for Light Emitting Polymer technology (LEP) and leading researcher and commercial technology developer of LEPs, and Luxell Technologies Inc. (Luxell) (CDNX: LUX), the developer and manufacturer of the patented Black Layer™ technology for flat panel displays (FPDs), announced an agreement that will offer improved imaging performance at reduced manufacturing cost for all LEP display applications.

The agreement is the result of a joint evaluation by CDT and Luxell that successfully demonstrated that LEP displays integrated with the Black Layer technology provide enhanced contrast while preserving brightness, offering extended operating life for all colors, lower power consumption and the potential for simplified, lower cost manufacturing.

Under the terms of the agreement, CDT acquires exclusive marketing rights to sub-license Luxell’s Black Layer technology for LEP flat panel displays and Luxell will receive, subject to specified conditions, licensing fees, production royalties and other payments.

“This strategic agreement further strengthens CDT’s central role in the global commercialisation of LEPs,” stated David Fyfe, CEO of CDT. “Partnering with Luxell demonstrates our commitment to providing licensees with superior technological enhancements that facilitate the movement of LEPs into an ever increasing number of end-user applications. It also allows CDT to build supplemental value into its industry-leading portfolio of LEP intellectual property and provides a clear path for licensees to manufacture full colour LEP displays in the near term.”

“The technical evaluation by CDT and resulting licensing agreement affirm the advantages of Luxell’s Black Layer technology,” stated Brian Kennedy, President & CEO of Luxell Technologies. “Together, CDT and Luxell have arrived at a means to produce colour LEP displays with increased performance at decreased unit costs. This business relationship is a significant catalyst for Luxell to advance the implementation of the Black Layer and gives all LEP manufacturers easy access through CDT, the global leader in LEP technologies.”

Integration of the LEP and Black Layer Technologies:
Virtually all display applications require contrast enhancement for acceptable operation. The higher the ambient light level and the more power sensitive the product, the more critical the need for such enhancement.

LEP displays, which are Organic Light Emitting Diodes (OLEDs), are comprised of thin film organic polymers that emit light when an electric current is applied. The materials used in their construction can reflect ambient light, reducing contrast in room lighting and outdoor applications.

Black Layer technology has been successfully applied to organic and inorganic EL displays and can be readily integrated into the internal structure of FPDs with standard materials, tools and production processes. Black Layer consists of two added layers deposited behind the light emitting layer that are optimized to phase shift incident light and reflect it back, effectively eliminating it. In addition to providing superior contrast performance compared to conventional polarizing films, Black Layer allows more display light to be emitted, reducing power consumption and increasing display life.

Also, Black Layer deposition tools are the same as those now utilised in standard display manufacturing and the materials used are standard low-cost deposition materials. Furthermore, deposition times are consistent with high volume manufacturing demands.

According to research from DisplaySearch, OLED display revenue is expected to grow to .2 billion by 2007. The OLED display market consists of a wide range of electronics products that includes mobile phones, personal digital assistants, digital cameras, camcorders, microdisplays, and eventually personal computers and consumer products. Black Layer technology can improve the high ambient light performance as well as lower the cost to manufacture displays used in all of these commercial products.

About CDT:
Cambridge Display Technology (CDT) is a privately held company leading the research, development and commercialisation 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 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 produce displays on plastic substrates. To date, licenses have been granted to Delta Electronics, DuPont, OSRAM, Philips, and Seiko-Epson, who have either announced imminent start of production or are actively implementing their manufacturing strategies.

CDT is promoting LEP technology development and speeding its commercialisation 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 at: www.cdtltd.co.uk

About Luxell Technologies Inc.
Luxell Technologies Inc. is a publicly traded company that develops, manufactures and licenses flat panel display technologies and solutions based on inorganic electroluminescent (EL) and organic electroluminescent (OEL) technologies.

Luxell's patented technology solutions include the Company's Black Layer that enables OEL displays to be viewed and work better. The core foundation of this Black Layer was developed in collaboration with the National Research Council (NRC) of Canada.

The Black Layer reduces the cost of OLED displays and delivers industry-leading performance features, including: highest contrast, best image, lower power consumption, longer life, less mass and a thinner display. The Black Layer technology is suitable for every type of OEL display.

Luxell is moving forward with its three-tier business strategy which 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.

Additional information about the Company is available at www.luxell.com.

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

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Contacts :
Luxell Technologies Inc.,
Brian Kennedy,
President & CEO,
Tel: (905) 363-0325,
bkennedy@luxell.com

Cambridge Display Technology,
Alia Ilyas/ Stephen Waddington,
Rainier,
Tel: +44 (0)20 7495 6570,
ailyas/swaddington@rainierco.co.uk



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