Cambridge Display Technology - Page 4

Total revenues for the first quarter of 2007 were $3.0 million, compared with $1.0 million for the same period last year. The increase was due to recognition of revenues from a license agreement and a development agreement signed in September 2006, and the sale of an inkjet printer during the first three months of 2007.

Net loss increased slightly to $7.7 million during the first quarter of 2007, from $7.6 million for the same period in 2006.

MicroEmissive Displays (MED) announced that it has completed construction of its volume manufacturing facility for PLED based microdisplays in Dresden and that the company will begin initial production of its new PLED based plug-and-play 24-bit wearable color headset display, codenamed "Telford'' in July.

The new MED facility is expected to begin volume shipping of the Telford displays in July 2007. Total capacity of the new facility is 10 million units annually.

Cambridge Display Technology (CDT) today announced that a new 20.8 inch, full-color, PLED monitor display demonstrated by Toshiba Matsushita Display Technology (TMD), at the 3rd International FPD Show in Japan, features CDT's light emitting polymer technology.

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 PLEDs, and an ink-jet type printing process is used for deposition of each color.

Cambridge Display Technology has announced that it has been awarded another grant by the UK Department of Trade and Industry (DTI). This grant will part fund a project which will be important in the field of low-cost organic electronic devices, and especially in the development of low-cost flexible displays. The total value of project is around $500k.

The project will aim to develop commercially viable computational fluid dynamic (CFD) simulation techniques to model the drying behavior of organic semiconductors. Until now, the production of working display prototypes has required the use of empirical data which is both expensive and slow to obtain. Using the new models, the development cycle time should be significantly reduced.

Cambridge Display Technology (CDT) and Sumation are pleased to announce new growth in lifetime metrics for red, green, blue, and white PLED materials.

Data results from spin coated devices using a common cathode and solution processable materials developed in 2006 demonstrate that lifetimes(a) of 24,000, 35,000, 10,000, and 5,200 hours for red, green, blue, and white, respectively, have been achieved from an initial luminance of 1000 cd/m². This is equivalent(b) to over 150,000, 198,000, 62,000, and 27,000 hours from an operating brightness of 400cd/sq.m for these materials.

Cambridge Display Technology today reported its financial results for the fourth quarter of 2006 and year ended December 31, 2006. The fourth quarter was the Company's highest revenue-generating quarter of 2006, with revenues of $3.3 million, as compared with $7.3 million for same period in 2005, and $0.9 million for the third quarter of 2006. Total cash and current marketable securities increased by $3.7 million during the quarter.

Total revenues for 2006 were $7.9 million, compared with $18.1 million for 2005 when the Company recorded revenues from the sale of nine ink jet printers and from two large technology services and development contracts. Net loss increased to $27.5 million in 2006, from $13.8 million in 2005.

CDT has announced that it will acquire Next-Sierra, for 1.6M$ in stock.

Next Sierra is a Mountain View, California-based hardware developer that specializes in designing light-emitting diode display driver chips.

Cambridge Display Technology entered into a material agreement to invest $250K in Add-Vision, one of its licensees, in the form of a convertible loan note. CDT now has a 42% voting interest and, on an "as-converted" basis, a 55% ownership interest in Add-Vision.

Ron Mertens from OLED-Info.com recently had the opportunity to interview Ian Underwood, Strategic Marketing Officer and Co-Founder of MicroEmissive Display (MED). Ian is also the co-inventor of its PLED (also called P-OLED) microdisplay technology. Prior to 1999 he was at The University of Edinburgh where he carried out pioneering research and development in the field of liquid crystal microdisplays between 1983 and 1999. Ian has recently co-authored a book about microdisplays.

MicroEmissive Displays (MED) was founded in 1999 with the aim of developing and commercialising a new microdisplay technology using PLED materials. MED is a public company listed on the Alternative Investment Market of the London Stock Exchange. In september 2006 MED has announced that it has raised over $9 million, and has revealed its plans for a volume manufacturing facility for its polymer light emitting diode (PLED) microdisplay products.

Just two months after announcing a significant improvement in blue polymer lifetimes, Cambridge Display Technology (CDT) and Sumation announced another lifetime milestone for blue light emitting polymers.

Data from devices produced using these latest, solution processable, fluorescent materials show lifetime of 25,000 hours from an initial luminance of 400cd/m², equivalent to 400,000 hours from 100cd/m².