CAMBRIDGE, England, June 6 /PRNewswire-FirstCall/ -- Cambridge Display Technology (CDT) (NASDAQ:OLED) and Litrex Corporation are paving the way for the production of a new generation of high resolution polymer organic light emitting displays (P-OLED) through the development of an inkjet printing solution capable of producing P-OLED displays at up to 200 pixels per inch (ppi).
High resolution displays are becoming increasingly important for small to medium size display applications such as cell phones, where market research data indicates that consumers are demanding ever more sophisticated content for information and entertainment. P-OLED displays provide an ideal combination of fast video response, high contrast and low power consumption.
Inkjet printing is currently the favored means of producing 200 ppi displays on the large substrate sizes necessary for cost competitiveness. ULVAC subsidiary Litrex has already designed and delivered a variety of inkjet printers up to Gen 8 (2.4m x 2.4m glass size) to the display industry, but not for operation at these higher resolutions.
Litrex printers are capable of highly precise printing, and the achievement of 200ppi resolution will require inkjet drops to be placed with even greater accuracy and consistency. The work will cover both hardware and software enhancements, mainly to take place at Litrex, as well as process developments at CDT including plasma pre-treatment, print strategy and film formation development. The work is expected to be completed by the second half of 2007.
For CDT, Dr David Fyfe, CEO said: "The development of a high resolution manufacturing solution for P-OLED displays is extremely important to the display industry, and will provide a scaleable approach to the production of high resolution, high added value displays. Our customers are already very excited at the prospect".
For Litrex, David Orgill, President and CEO added: "This program will allow us to extend our current inkjet manufacturing technology, using proven techniques and methods, to achieve OLED resolutions which are difficult to achieve by other patterning methods for direct-emissive display technologies".
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 National Market under the symbol 'OLED'.
More information on CDT can be found at: http://www.cdtltd.co.uk/ About Litrex
Litrex Corporation is the leader in the development of precision inkjet systems for color displays and electronics. In the FPD industry, Litrex systems can dramatically reduce manufacturing costs and processing steps. Inkjet printing systems are a technology enabler for P-OLED displays where colored light emitting structures can be printed directly onto a variety of substrate materials. Litrex also supplies into the liquid crystal displays (LCD) sector. Litrex is based in Pleasanton, CA and was acquired by ULVAC in 2005, after a period of joint ownership between CDT and ULVAC.
More information on Litrex can be found at: http://www.litrex.com/ About ULVAC
ULVAC is the world's leading company in the development, manufacture, sales and customer support of machinery for the Flat Panel Display (FPD) display industry, and supplies manufacturers as well as universities and research centers. ULVAC is heavily involved in research and development and holds a large patent portfolio. The Company is listed on the 1st Section of the Tokyo Stock Exchange [TSE Code: 6728].
More information on ULVAC can be found at: http://www.ulvac.co.jp/eng/ 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, CDT, +44-1954-713600, Web site: http://www.cdtltd.co.uk/ http://www.litrex.com/ http://www.ulvac.co.jp/eng
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