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Comments CDT's CEO Dr David Fyfe: "We are delighted to see rapid progress being made by the team from Sumation(TM), our joint venture operation formed in 2005. We place a very high priority on continuing to improve the underlying capability of P-OLED technology and the range of applications it can satisfy. We expect to continue to report further progress going forward. These data demonstrate the very significant synergy achieved with the combination of two very experienced teams in Cambridge and Tokyo."
(1) Lifetime data has hitherto been reported by CDT from an initial luminance of 100cd/m2. On this basis, the blue fluorescent devices would have an extrapolated lifetime of 200,000 hours. (2) Equivalent to 800,000 hours from 100cd/m2. (3) Equivalent to 600,000 hours from 100cd/m2 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'. In 2005, CDT and Sumitomo Chemical established a joint venture called Sumation(TM), which develops, manufactures and sells P-OLED materials to the display industry.
More information on CDT can be found at: http://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," "may," 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 our ongoing and future research and development activities; our ability to form and continue strategic relationships with manufacturers of P-OLED materials and displays; future demand for products using our P-OLED technology; and our future capital requirements and our ability to obtain additional financing when needed. Readers should also consider the additional factors described under the caption "Business-Risk Factors" in our 10-K and 10-Q Reports filed with the Securities and Exchange Commission. Investors should not place undue reliance on such forward-looking statements and we undertake no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.
SOURCE Cambridge Display Technology
CONTACT: Terry Nicklin, Marketing Director, CDT, +44-1954-713600, email@example.com
<<PR Newswire -- 03/14/06>>