CAMBRIDGE, England, July 24 /PRNewswire-FirstCall/ -- Cambridge Display Technology (CDT) (NASDAQ:OLED) has entered new geographical territory with the sale of inkjet printing equipment to the Genius Institute of Technology in Brazil. The Institute will use the equipment to develop its expertise in inkjet printing for polymer organic light emitting diode (P-OLED) technology.
The Litrex 70 printer is capable of printing on substrates up to 200mm square at up to 120 pixels per inch, and is ideal for research and development of P-OLED materials and devices.
Genius is working with partners: Gradiente, the largest Brazilian consumer electronics company, the Millennium Institute for Polymeric Materials and the Brazilian National Synchrotron Light Laboratory. In addition to supplying an inkjet printer, CDT will support this group with process know how and training to assist in getting the development line up and running as quickly as possible.
For CDT, Dr David Fyfe, CEO commented: "The Genius Institute has an enviable reputation as a center of technological excellence, and as a key strategic player in the development of supply chains for key technology areas. They have recognized the importance of polymer OLEDs in the development of next generation displays and lighting." For Genius, Professor Dr. Cylon Goncalves da Silva, Director commented: "We are delighted to be working with CDT and our partners in the exciting field of P-OLED technology. We believe this is the first step towards future industrial and commercial developments here in Brazil. The financial support for this project by FINEP, the funding agency of the Brazilian Ministry of Science and Technology, shows the support of the Brazilian Government for the initiative. Genius and Gradiente are committed to maintaining a technology lead in key areas with such great potential for consumer electronics." 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 US Nasdaq stock exchange under the symbol 'OLED'.
More information on CDT can be found at: http://www.cdtltd.co.uk/ About Genius Institute
Genius Instituto de Tecnologia is a not-for-profit research and development center, established in Manaus, Brazil in November 1999, and focused on technological innovation of embedded systems, microelectronics and software. In addition to the site in Manaus, Genius IT has an office in Sao Paulo. Their strong characteristic is to work on technological projects and platforms, focusing on the needs of clients and partners. Genius develops strategic partnerships with universities, research centers and companies around the world, closing the loop among these international entities and Brazilian companies. The institute serves the global market and develops state-of-the-art projects in the areas of automatic speech recognition, digital signal processing, software and applications for wireless devices, embedded systems, strategies and solutions for Digital TV, advanced DVD and TV platforms.
More information on Genius can be found at: http://www.genius.org.br/ 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. DATASOURCE: Cambridge Display Technology CONTACT: Terry Nicklin, Marketing Director of CDT, +44-1954-713600, Web site: http://www.cdtltd.co.uk/ http://www.genius.org.br/
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