Equity Investment Part of Broad Collaboration Strategy
CAMBRIDGE, United Kingdom, (November 2, 2001) - Cambridge Display Technology
(CDT), the owner of the fundamental intellectual property and know-how in light-emitting polymers (LEPs), today announced that DuPont Displays has taken an equity stake in CDT to support DuPont's commercialisation strategy for LEPs in the bourgeoning Organic Light Emitting Diode (OLED) display market.
As the global source for the licensing and commercialisation of LEP technology for display, photovoltaic and lighting applications, CDT continues to develop and drive new innovations in LEP, providing a natural investment opportunity for companies that are committed to utilising the unique advantages of LEPs.
"It is heartening to see DuPont's investment in CDT at this juncture as it is a clear and resounding vote of confidence in LEP, CDT, and our role as the licensor of all relevant LEP-related IP, technology, and process know-how,” said David Fyfe, chief executive officer of CDT. “Since launching our expanded business model last year, not only have we been successful in securing additional manufacturing licensees and solidifying partnerships with world-class companies, but we have implemented a technology development pilot line and signed strategic agreements to co-develop manufacturing equipment and synergistic technologies."
DuPont's minority equity investment in CDT further validates LEP’s commercial value in the display field and is part of a larger strategic financing round that CDT is currently raising to accelerate the commercialisation of LEPs. The funding will be used to continue to drive a broad range of core and peripheral technologies and ensure the development of an increasingly robust supply chain and high yield manufacturing processes.
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 other consumer products, which is expected to grow to .2 billion (USD) in 2007 according to research from DisplaySearch.
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
DuPont Displays is focused on the global flat panel display market. Based on its core competencies in Polymer science and optical elements, the business is building capability to develop displays that will meet the performance and cost demands of the fast-paced information technology industry. DuPont Displays is investing in technology and strategic alliances to build a broad base of intellectual property and manufacturing expertise to help advance the quality of displays. For further information, please visit: www.dupont.com/displays
DuPont is a science company, delivering science-based solutions that make a difference in people's lives in food and nutrition; health care; apparel; home and construction; electronics; and transportation. Founded in 1802, the company operates in 70 countries and has 85,000 employees.
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