Cambridge Display Technology Announces Major New Development in
Display Technology
Total Matrix Addressing Extends Viability of Passive Matrix OLED
Displays by Reducing Power Consumption, Increasing Panel Size
CAMBRIDGE, United Kingdom, Nov. 15, 2006 (PRIMEZONE) -- Cambridge
Display Technology (CDT) (Nasdaq:OLED) today announced a major new
development in OLED display technology: Total Matrix Addressing, or
TMA(tm).
Prior to TMA, large OLED displays have only been feasible by using
active matrix (AM) technology incorporating an expensive thin-film
transistor (TFT) layer. Passive matrix (PM) displays, which are
driven by cheaper external chips, have been restricted to smaller
screen sizes. 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.
"Until now, there have been only two ways to drive an OLED display:
passive matrix, which offers a simpler and lower cost solution but is
limited to small sizes due to power consumption demands, and active
matrix, which offers a cost-effective and practical solution at
larger panel sizes and higher resolutions, but is more complex and
highly capital intensive, putting it out of reach for many
manufacturers," said Dr. David Fyfe, Chairman and Chief Executive
Officer of CDT. "With TMA, CDT is potentially able to offer a
compelling alternative solution that extends the capabilities of PM
display technology into the AM space, by reducing power consumption
or at the same power, allowing increased luminescence or increased
resolution. In addition, TMA can expand the range of panel sizes that
can be addressed using PM drivers."
The 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.
A demonstration of the technology will be presented at the Intertech
OLEDs 2006 Conference in San Diego on Wednesday, November 15, 2006.
For more information on TMA, contact CDT at info@cdtltd.co.uk.
About CDT
Cambridge Display Technology is a pioneer in the development of
polymer organic light emitting diodes (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 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, U.K. and listed on the U.S. NASDAQ National Market under
the symbol 'OLED'. In 2005, CDT and Sumitomo Chemical established a
joint venture called Sumation(r) which develops, manufactures and
sells P-OLED materials to the display industry.
More information on CDT can be found at: 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" 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; developments in and expenses
associated with resolving matters currently in litigation; 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 captions "Cautionary Statement
Concerning Forward-Looking Statements" and "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.
CONTACT: Cambridge Display Technology
Media Contact
Terry Nicklin
+44 1954 713600
tnicklin@cdtltd.co.uk
The Piacente Group
Investor Relations Contact
Brandi Piacente
brandi@tpg-ir.com
E.E. Wang
ee@tpg-ir.com
(212) 481-2050
