CAMBRIDGE, United Kingdom, April 20, 2007 (PRIME NEWSWIRE) -- Cambridge Display Technology (CDT) (Nasdaq:OLED), a pioneer in the development of polymer light emitting diode (P-OLED) technology, today announced that a new 20.8 inch, full-color, P-OLED television display demonstrated by Toshiba Matsushita Display Technology (TMD), at the 3rd International FPD Show in Japan, features CDT's light emitting polymer technology.
A photo accompanying this release is available at http://www.primenewswire.com/newsroom/prs/?pkgid=3623
The super-thin display is based on TMD's LTPS technology coupled with CDT's light emitting polymer technology. The three (RGB) color-emitting layers use polymer organic electroluminescent materials, or P-OLEDs, and an ink-jet type printing process is used for deposition of each color.
"This exhibition of TMD's new P-OLED-based display capabilities marks a significant milestone in the advancement toward commercial adoption of OLEDs as the next-generation display technology and demonstrates one of the key differentiating advantages of P-OLED technology which has long been considered to be the more scalable and practical OLED-based solution for larger substrate sizes," said Dr. David Fyfe, CEO of CDT. "With Sony having already announced plans to produce small OLED televisions before year-end, it is clear that OLED display technology -- with lower power consumption, even thinner form factor than LCD or Plasma technologies, and an enhanced viewing experience -- offers a highly attractive and viable solution for the next generation of displays."
About CDT
Cambridge Display Technology is a pioneer in the development of light emitting polymers (P-OLEDs) and their use in a wide range of electronic display products used for information management, communications and entertainment. P-OLEDs are part of the family of organic light emitting diodes, or OLEDs, which are thin, lightweight and power efficient devices that emit light when an electric current flows. P-OLEDs offer an enhanced visual experience and superior performance characteristics compared with other flat panel display technologies such as liquid crystal displays, and have the key advantage that they can be applied in solution using printing processes. Founded in 1992, the company is headquartered in Cambridge, UK and listed on the U.S. NASDAQ Global Market under the symbol 'OLED.'
More information on CDT can be found at: www.cdtltd.co.uk
Statements contained in this press release that are not historical facts are "forward-looking statements" and their presence may be indicated by words such as "believe," "expect," "anticipate," "intend," "plan," "estimate," "seek," "will" and "may," as well as the negative thereof and similar expressions. There can be no assurance that future developments affecting Cambridge Display Technology, Inc. and its subsidiaries will be those anticipated by management. Among the factors, risks and uncertainties that could cause actual results to differ, possibly materially, from expectations or estimates reflected in such forward-looking statements are the following: the outcomes of the Company's ongoing and future research and development activities, as well as those of its licensees; the Company's ability to form and continue strategic relationships with manufacturers of P-OLED materials and displays; the successful commercialization of products that include the Company's P-OLED technology by its licensees; the willingness of the Company's manufacturers and licensees to continue to develop, manufacture and sell commercial products integrating the Company's technology; the future demand for products using the Company's P-OLED technology; the comparative advantages and disadvantages of any competing technologies; the Company's ability to maintain and improve its competitive position following the expiration of its fundamental patents; the adequacy of protections afforded to the Company by the patents that it owns or licenses and the cost to the Company of enforcing these patents; the Company's ability to obtain, expand and maintain patent protection in the future and to protect its unpatentable intellectual property; and the Company's future capital requirements and its ability to obtain additional financing when needed. Readers should also consider the additional factors described under the caption "Risk Factors" in the Company's 10-K and 10-Q reports filed with the SEC. Investors should not place undue reliance on such forward-looking statements and the Company undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.
The photo is also available at NewsCom, www.newscom.com, and via AP PhotoExpress.
