Cambridge Display Technology today reported its financial results for the first quarter of 2005. The Company is a pioneer in the development of PLED technology. In December 2004, the Company completed its initial public offering.Revenues in the first quarter of 2005 were $1.6 million, up from $1.3 million for the corresponding quarter in 2004, an increase of 19%.

The majority of revenues arose from Technology Services and Development and included receipts from several major display producers with whom the Company is currently engaged in development programs, including Kolon, Samsung Electronics and Sumitomo Chemical. Gross profit was $1.1 million, an increase of 1% from last year.

Motorola Labs, the applied research arm of Motorola, Inc., today unveiled a working 5-inch color video display prototype based on proprietary Carbon Nanotube (CNT) technology - a breakthrough technique that could create large, flat panel displays with superior quality, longer lifetimes and lower costs than current offerings.
Motorola's industry-first working prototype demonstrates:

• Operational full color 5" video section of a 1280 x 720, 16:9, 42-inch HDTV
• High quality brightness
• Bright, vivid colors using standard Cathode Ray Tube (CRT) TV phosphors
• Display panel thickness of 3.3 millimeters (about 1/8th of an inch)
• Low cost display drive electronics (similar to LCD, much lower than Plasma)
• Display characteristics meet or exceed CRTs, such as fast response time, wide viewing angle, wide operation temperature.

Universal Display Corporation a leading developer of OLED technologies for flat panel displays, lighting and other opto-electronic applications, today announced its results of operations for the quarter ended March 31, 2005.

Revenues in the first quarter of 2005 totaled $1.5 million, compared to $2. 1 million for the comparable quarter in 2004. Revenues consisted of $699,056 in government contract research revenue, $444,757 from development and commercial chemical revenue, royalty and license fees totaling $73,255, and $250,000 in technology development revenue from business partners.

For the quarter, Universal Display reported a net loss of $5.0 million, or $0.18 per diluted share, compared to a net loss of $4.1 million, or $0.17 per diluted share for the first quarter of 2004. During the first quarter of 2005, cash used in operating activities was $1.2 million, compared to $1.9 million for the first quarter of 2004.

"Looking ahead, we remain strong from a cash perspective. Our balance sheet strength should serve us well as we drive the commercialization of our OLED technologies."

AU Optronics Corporation has introduced Double Sided Active Matrix OLED. This technology allows showing simultaneously, two separate images, moving or still, with 143 ppi (pixel per inch) resolution and 200 nits (cd/m2) brightness, on one panel. With specifications of less than 1 ms response time, contrast ratio of more than 1000:1, and viewing angle of >170 degrees, it is suitable for small sized consumer electronics solution.

Toppoly has introduced the 2.5 AMOLED and the 1.8 System-On-Panel. The 2.5 full color AMOLED module is based on an LTPS backplane and features integrated driving circuitry, producing a light, thin and compact display module. The product integrates scan and data driver ICs onto the panel. The module supports a resolution of 640x240 in 262K colors with a 130-pixel pitch and is suitable for DSC, DVC and portable multimedia devices.

The 1.8 System-On-Panel LTPS TFT-LCD supports 65K/262K colors at a resolution of 128xRGBx160, and integrates the scanning circuitry (both horizontally and vertically), Level Shifter, and DC-DC Converter onto the panel.

Solomon Systech Limited unveiled, SSD1335 and SSD1338, the OLED driver ICs with integrated controller. They have a built-in DC-DC voltage converter, a 16-steps master current control, a 256-steps contrast control for three-color components and embedded SRAM. SSD1335 supports up to 132 RGB x 88 x 18 bits resolution OLED panel and SSD1338 supports up to 132 RGB x 132 x 18 bits resolution OLED panel, which provides 262K color to display.

SSD1335 and SSD1338 also feature 18-bits controller for color passive common cathode type OLED/PLED panel. The ICs also feature contrast setting, column and row re-mapping, programmable multiplex ratio and vertical scrolling. It provides functions such as, line drawing, rectangle drawing, copy-&-paste image, dimming window and clearing window, etc.

US-based Nuelight Corporation is setting up a mixed signal integrated chip design centre in Hyderabad for OLED display manufacturers to develop video-centric displays for high-volume consumer products.

The company plans to invest $3 million in the facility over the next two years, and would employ 50 engineers to handle full chip design by 2006, Nuelight founder and chairman Damoder Reddy told mediapersons here on Thursday.

He said that the centre would have competence to develop sophisticated OLED panel controllers from concept to mass production. Apart from very large scale integration (VLSI) design, the company would also build analog design as well as IC product design capability at its Hyderabad centre.

Revenue for the three months ended March 31, 2005 of $0.7 million increased 28 percent from $0.5 million in the first quarter of 2004. As anticipated the results reflect limited production output as eMagin accommodates reconfiguration of its plant and processes toward monthly output of 15,000 to 20,000 microdisplays in 2005. This compares to a typical average output of 1,000 - 2,000 units per month in 2004.

Net loss applicable to common stock for the quarter was $3.5 million, or $0.04 per share as compared to a net loss of $6.6 million or $0.13 per share during the three months ended March 31, 2004. The 2004 loss was higher as a result of non-cash charges associated with debt conversion and expensing of unamortized interest discounts associated with the debt.

"With production resuming in May we've initially restarted the line to accommodate moderate throughput. We anticipate that we will generate between $1.0 million and $2 million of revenue during Q2, ramping production output upward throughout the remainder of the year. Our first shipments of microdisplays from our consumer OEM backlog are now occurring and we are projecting initial shipping availability of our first commercial Z800 3D Visor units to begin by the end of the quarter."

CDT has taken an important step in the development of PLED technology with the commencement of an intensive two-year program to develop 'top emission' display devices.

The aim of the program is to develop a process to enable manufacture of a top-emitting P-OLED device structure utilising a transparent cathode, which will have enhanced lifetime and efficiency compared with bottom-emitting RGB devices. The program will, additionally, develop 'know-how' associated with the manufacture of transparent cathode devices.

The MPIO-One player is a flash based MP3 (max 1GB memory) player, that can also play MPEG-4 movies.

The player has a 1.04" OLED display capable of 65K colors, 96x64 pixels.