CDT Responds to Luxell Black Layer Licensing Lawsuit.Business Editors and Legal Writers CAMBRIDGE, U.K.--(BUSINESS WIRE)--Oct. 14, 2002 Cambridge Display Technology (CDT CDT abbr. Central Daylight Time CDT Central Daylight Time CDT n abbr (US) (= Central Daylight Time) → hora de verano del centro; (BRIT ), the leading researcher and commercial developer of light emitting polymer See LEP. (LEP (Light Emitting Polymer) An organic polymer that glows (emits photons) when excited by electricity. LEP screens are used to make organic LED (OLED) displays and are expected to compete with LCD screens in the future. See OLED. ) technology, and owner of the fundamental intellectual property for LEPs, today announced that it would vigorously dispute any complaint brought against it by Luxell Technologies Inc. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :LUX A unit of measurement of the intensity of light. It is equal to the illumination of a surface one meter away from a single candle. See candela. ) in regards to the Black Layer License Agreement with Luxell. CDT signed a license agreement with Luxell in November 2001 on the basis of Luxell's representations that Luxell's Black Layer technology was compatible with CDT's LEP technology and ready to be licensed to CDT's display manufacturing licensees for commercial production development. CDT made an initial payment of $1 million under the terms of the license. On Sept. 12, 2002, Luxell issued a statement admitting to "compatibility issues" with its Black Layer technology involving its other partner, Tohoku Pioneer of Japan. CDT has experienced similar difficulties, including inability to establish the manufacturability of LEP displays with Black Layer for mass production. CDT has used considerable technical resources to try to replicate the application of Black Layer technology to the manufacture of LEP displays without success. CDT offered to enter into joint development to attempt to resolve the identified shortcomings A shortcoming is a character flaw. Shortcomings may also be:
According to David Fyfe, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of CDT, this offer was refused. Luxell chose to terminate the license on Oct. 10, 2002, and announced its intention to pursue the matter in court. "The Luxell suit is completely without merit, and we will aggressively defend CDT's position," said Fyfe. About CDT Cambridge Display Technology (CDT) is a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. leading the research, development and commercialisation of polymer technology for flat panel displays, lighting, and photovoltaics. CDT's light emitting polymer (LEP) technology is targeted for use in a wide range of electronic display products used for information management, communications and entertainment. Features include reduced power consumption, size, thickness and weight, very wide viewing angle, superior video imaging performance and the potential to produce displays on plastic substrates. To date, licenses have been granted to Delta Optoelectronics, DuPont Displays, MicroEmissive Displays, OSRAM, Philips, and Seiko-Epson. CDT is promoting LEP technology development and speeding its commercialisation through a global business strategy including co-developments with leading companies in a wide range of display and related technology areas. CDT has successfully completed technology developments with companies around the world in a wide range of technology and manufacturing infrastructure areas. Founded in 1992, the company has headquarters in Cambridge and has a LEP manufacturing development centre in Godmanchester, U.K. In 2002, CDT was awarded Britain's most prestigious engineering prize, the Royal Academy of Engineering The Royal Academy of Engineering is a British learned society concerned with engineering. History Founded in 1976, the Academy was initially known as the Fellowship of Engineering. MacRobert Award for its developments in engineering the rapid commercialisation of LEP technology and its contribution to establishing the United Kingdom as a hot bed for innovation in science and engineering on the world stage. More information about CDT is available at: www.cdtltd.co.uk. |
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