Cambridge Display Technology and Luxell Technologies Sign Agreement On Joint Licensing of Black Layer Technology.Business Editors and High-Tech Writers CAMBRIDGE, United Kingdom--(BUSINESS WIRE)--Oct. 30, 2001 CDT CDT abbr. Central Daylight Time CDT Central Daylight Time CDT n abbr (US) (= Central Daylight Time) → hora de verano del centro; (BRIT acquires exclusive right to sub-license Luxell's Black Layer(TM) technology for the 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. market Cambridge Display Technology (CDT), the owner of the fundamental intellectual property for Light Emitting Polymer See LEP. technology (LEP) and leading researcher and commercial technology developer of LEPs, and Luxell Technologies Inc. (Luxell) (CDNX CDNX See Canadian Venture Exchange (CDNX). :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. ), the developer and manufacturer of the patented Black Layer(TM) technology for flat panel displays (FPDs), announced an agreement that will offer improved imaging performance at reduced manufacturing cost for all LEP display applications. The agreement is the result of a joint evaluation by CDT and Luxell that successfully demonstrated that LEP displays integrated with the Black Layer technology provide enhanced contrast while preserving brightness, offering extended operating life for all colors, lower power consumption and the potential for simplified, lower cost manufacturing. Under the terms of the agreement, CDT acquires exclusive marketing rights to sub-license Luxell's Black Layer technology for LEP FPDs and Luxell will receive, subject to specified conditions, licensing fees, production royalties and other payments. "This strategic agreement further strengthens CDT's central role in the global commercialization of LEPs," stated 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. "Partnering with Luxell demonstrates our commitment to providing licensees with superior technological enhancements that facilitate the movement of LEPs into an ever-increasing number of end-user applications. It also allows CDT to build supplemental value into its industry-leading portfolio of LEP intellectual property and provides a clear path for licensees to manufacture full color LEP displays in the near term." "The technical evaluation The study and investigations by a developing agency to determine the technical suitability of material, equipment, or a system for use in the Military Services. See also operational evaluation. by CDT and resulting licensing agreement affirm the advantages of Luxell's Black Layer technology," stated Brian Kennedy There have been several notable people named Brian Kennedy:
Integration of the LEP and Black Layer Technologies Virtually all display applications require contrast enhancement for acceptable operation. The higher the ambient light level and the more power sensitive the product, the more critical the need for such enhancement. LEP displays, which are Organic Light Emitting Diodes (OLEDs), are comprised of thin film organic polymers that emit light when an electric current is applied. The materials used in their construction can reflect ambient light, reducing contrast in room lighting and outdoor applications. Black Layer technology has been successfully applied to organic and inorganic EL displays and can be readily integrated into the internal structure of FPDs with standard materials, tools and production processes. Black Layer consists of two added layers deposited behind the light emitting layer that are optimized to phase shift incident light and reflect it back, effectively eliminating it. In addition to providing superior contrast performance compared with conventional polarizing films, Black Layer allows more display light to be emitted, reducing power consumption and increasing display life. Also, Black Layer deposition tools are the same as those now utilized in standard display manufacturing and the materials used are standard low-cost deposition materials. Furthermore, deposition times are consistent with high volume manufacturing demands. According to research from DisplaySearch, OLED (Organic Light Emitting Device, Organic Light Emitting Diode) A thin film light-emitting technology that is expected to compete with LCD and plasma TVs as well as LCD monitors and readouts. display revenue is expected to grow to $4.2 billion by 2007. The OLED display market consists of a wide range of electronics products that includes mobile phones, personal digital assistants, digital cameras, camcorders, microdisplays, and eventually personal computers and consumer products. Black Layer technology can improve the high ambient light performance as well as lower the cost to manufacture displays used in all of these commercial products. 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 commercialization of polymer technology for flat panel displays and lighting. 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 Electronics, DuPont, OSRAM, Philips, and Seiko-Epson, who have either announced imminent start of production or are actively implementing their manufacturing strategies. CDT is promoting LEP technology development and speeding its commercialization through a global business strategy including co-developments with leading companies in a wide range of display and related technology areas. Founded in 1992, the company has headquarters in Cambridge. More information about CDT is available at: www.cdtltd.co.uk. About Luxell Technologies Inc. Luxell Technologies is a publicly traded company publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. that develops, manufactures and licenses flat panel display technologies and solutions based on inorganic electroluminescent See electroluminescence and EL display. (EL) and organic electroluminescent (OEL (Organic Electroluminescent Device) See OLED. ) technologies. Luxell's patented technology solutions include the company's Black Layer that enables OEL displays to be viewed and work better. The core foundation of this Black Layer was developed in collaboration with the National Research Council (NRC NRC abbr. 1. National Research Council 2. Nuclear Regulatory Commission Noun 1. NRC - an independent federal agency created in 1974 to license and regulate nuclear power plants ) of Canada. The Black Layer reduces the cost of OLED displays and delivers industry-leading performance features, including: highest contrast, best image, lower power consumption, longer life, less mass and a thinner display. The Black Layer technology is suitable for every type of OEL display. Luxell is moving forward with its three-tier business strategy which calls for the company to grow its revenue through licensing agreements, pursuing strategic relationships with original equipment manufacturers (OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and ) which supply flat panel displays to mass consumer markets and through sales of its high performance display products. Additional information about the company is available at www.luxell.com. Note to Editors: The Canadian Venture Exchange The Canadian Venture Exchange (CDNX) is now a defunct stock exchange having been acquired by the TSX Group in 2001 and renamed the TSX Venture Exchange. History of the Canadian Venture Exchange (CDNX) has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. |
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