Cambridge Display Technology - Page 5

TMA is a technology which potentially can be incorporated into driver chips to bring active matrix capabilities to passive matrix displays. TMA reduces power consumption and enhances panel lifetime for a given pixel count in passive matrix displays. Measurements on small passive matrix displays that incorporated the TMA solution, demonstrated at least a 50% reduction in power consumption or exhibited double the display luminescence at the same power consumption.

he TMA driving system applies both to polymer and small molecule OLED displays. CDT is currently considering how to bring the technology to market in the shortest possible time. A working demonstrator has been created using individual electronic components, that exploit the new driver and image processing technologies. This will be developed further in the coming months. CDT is in discussion with OLED display producers and IC driver companies with a view to commencing design work for commercialising TMA as soon as possible.

Total Revenues for the third quarter of 2006 were $0.9 million, compared with $6.6 million for the same period in 2005 when the Company recorded Revenues from the sale of three inkjet printers and from two large technology services and development contracts.

Net Loss was $9.6 million for the third quarter of 2006, compared with $8.6 million for the same period in 2005.

Following quickly behind the recent announcement of rapid progress in the development of longer lifetime blue light emitting polymers, comes this announcement of similarly impressive progress on red materials.

Data from devices produced using these latest, solution processable, phosphorescent materials show lifetime of 98,900 hours from an initial luminance of 400 cd/m², equivalent to over 1.5 million hours from 100 cd/m².

MicroEmissive Displays has announced that it has raised over 5 million GBP (over $9 million), and has revealed its plans for a volume manufacturing facility for its polymer light emitting diode (PLED) microdisplay products.

The manufacturing project has been underway for some time, and the plant is expected to be fully online in 2007.

Cambridge display technology provided the following update in its latest 8-K filing, announcing a new licensee in Japan.

The Licensee will pay an upfront fee to CDT in three installments, 50% of the up front fee by September 30th, 2006, 40% on April 1st, 2007 and 10% on December 1st, 2008 and will also pay royalties based on its sales revenues for products which incorporate LEP technology. The Licensee will be obligated to pay CDT a minimum royalty after a period of time after commercialization by the Licensee of products which incorporate LEP technology. The License is terminable by the Licensee on 12 months' notice.

Cambridge Display Technology and Sumation announce rapid progress in the development of longer lifetime blue light emitting polymers suitable for full color, video capable PLED displays.

The latest data show a lifetime of 20,000 hours from an initial luminance of 400 cd/m², equivalent to over 320,000 hours from 100 cd/m². This represents a three-fold improvement over the lifetime announced a year ago, and demonstrates the fruits of the collaboration by the development teams and the strong focus on this area. It is believed that there is great potential to make further dramatic improvements.

The project involves the development of a process to deposit high conductivity, very thin metal tracks onto glass and plastic substrates. The process, which is seen as an alternative to conventional inkjet printing methods, involves the use of lasers to expose selected material.

Flexible displays are expected to require a technology such as this for the formation of the TFT backplane, and the process under development would be applicable to plasma (PDP) and LCD displays and even organic photovoltaics as well as PLEDs.

Revenues in the quarter were $2.7 million, which was the same as the $2.7 million reported for the corresponding period in 2005. The majority of revenues in Q2 2006 arose in the License Fees and Royalties category.

CEO Dr. David Fyfe commented: "In the second quarter we were delighted to see Sharp reveal their work on high resolution PLED displays at the SID conference in June. At the same conference we were able to show the world's first roll printed OLED display, produced in co-operation with Toppan Printing. This printing technology could become very important in future for lower cost display production." "We have seen an encouraging number of new commercial applications utilizing our technology, from digital radios and MP3 players to diving computers."

CDT 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 (PLED) technology.

The Litrex 70 printer is capable of printing on substrates up to 200 mm square at up to 120 pixels per inch, and is ideal for research and development of PLED materials and devices.

Cambridge Display Technology announced that it has extended its current co-operative relationship with H.C. Starck, by which the company will supply customized formulations of Starck organic materials used in PLED displays manufacture.

As per the deal with Starck, Cambridge Display said it will distribute materials solutions which it will formulate for specific ink jet printing applications.