CAMBRIDGE DISPLAY TECHNOLOGY SIGNS LICENSE & TECHNICAL ASSISTANCE AGREEMENT WITH SUMITOMO CHEMICAL FOR NEW POLYMER MATERIALS Tuesday 27 November 2001 PDF Print Partnerships in Asia key to commercialisation of Light Emitting Polymers TOKYO (November 27, 2001) – Cambridge Display Technology (CDT), the leading company in the research, development and commercialisation of Light Emitting Polymers (LEPs), today announced a formal license & technical assistance agreement with Sumitomo Chemical Co., Ltd. (Sumitomo) of Japan to advance the development of polymers for use in LEP technology for displays, photovoltaic, and lighting applications. CDT, which owns the fundamental Intellectual Property (IP) and know-how portfolio for LEPs, will license to Sumitomo some of its basic LEP materials IP, enabling Sumitomo to carry out broad research to develop new conjugated polymers. Sumitomo will provide these new polymer samples to CDT for testing and evaluation in a wide variety of electronic display structures. This agreement supports CDT’s strategy for LEP commercialisation by providing services and making the IP accessible to companies looking to capitalise on the versatility of LEP technology. “Collaborating with Sumitomo reinforces CDT’s commitment to working with industry experts to speed the commercialisation of LEP technology,” stated David Fyfe, chief executive officer of CDT. “The Asian technology sector is known for readily adopting and applying new technologies. As such, CDT recognises the importance of partnering with Asian companies and is seeking the appropriate partnerships in this sector.” “We are very pleased to have the opportunity to collaborate with CDT,” stated Masatoshi Takahashi, executive vice president of Sumitomo Chemical. “Combining our IP with CDT’s IP, we hope to play a leading role in the LEP market. We believe that the collaboration with CDT will accelerate the commercialisation of our LEPs.” LEPs, which are part of the rapidly growing Organic Light Emitting Device (OLED) market, will be used in mobile communications, computers, and consumer electronics. And Asia is set to be the region that is expected to see the greatest growth in this industry. LEPs utilise organic materials to generate light with an applied electric current. Because LEPs do not need ambient light to be viewable, they eliminate the cost, space, weight and power consumption associated with backlights needed by Liquid Crystal Displays (LCDs). The image produced by LEPs has a higher contrast than LCDs and offers a viewing angle of over 160 degrees. LEPs offer improved image performance, particularly for advanced portable applications, which require high-switching speed, high contrast, increased brightness and low-power consumption. To date, CDT has granted licenses to Delta Electronics, DuPont Displays, OSRAM, Philips, and Seiko-Epson, who have either announced imminent start of production or are actively implementing their manufacturing strategies. Additionally, CDT is collaborating with other companies in Asia to speed the commercialisation of LEPs. -ends- 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 Displays, 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: http://www.cdtltd.co.uk About Sumitomo Chemical Co., Ltd. Established in 1913, Sumitomo Chemical is one of Japan's leading chemical manufacturers, offering a diverse range of products, including basic chemicals, petrochemicals, fine chemicals, IT-related chemicals, agricultural chemicals, and pharmaceuticals. Sumitomo maintains a worldwide network of subsidiaries, affiliates, and other offices, and has products that are sold in more than 100 countries. Sumitomo's strong basic and applied research programs have yielded numerous products that have created value for customers worldwide. More information about Sumitomo Chemical is available at: http://www.sumitomo-chem.co.jp Contacts: Alia Ilyas/ Stephen Waddington Rainier +44 (0) 20 7494 6570 firstname.lastname@example.org email@example.com This press release was distributed by ResponseSource Press Release Wire on behalf of Speed Communications in the following categories: Consumer Technology, Personal Finance, Business & Finance, Computing & Telecoms, for more information visit https://pressreleasewire.responsesource.com/about.