Creo and DuPont Collaborate on Systems for LCD Color Filter Production.Business Editors & High Tech Writers Creo Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CREO) (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :CRE CRE Commercial Real Estate CRE Corporate Real Estate CRE Commission for Racial Equality (Scotland) CRE CCD (Charge Coupled Device) and Readout Electronics CRE Camp Response Element .TO) has signed an agreement with DuPont Imaging Technologies to develop equipment for a new DuPont thermal color filter Color filter An optical element that partially absorbs incident radiation, often called an absorption filter. The absorption is selective with respect to wavelength, or color, limiting the colors that are transmitted by limiting those that are absorbed. system to be used for manufacturing color filter components used in liquid crystal displays liquid crystal display (LCD) Optoelectronic device used in displays for watches, calculators, notebook computers, and other electronic devices. Current passed through specific portions of the liquid crystal solution causes the crystals to align, blocking the passage of light. (LCDs). Under the multi-million dollar agreement, Creo will develop prototype thermal imaging equipment for DuPont. Commercialization is anticipated following the development phase wherein Creo will manufacture and supply thermal imaging equipment to DuPont. DuPont will sell complete systems, which will include thermal imaging equipment and color imaging media, to LCD panel Also called a "projection panel," it is a data projector that accepts computer output and displays it on a see-through liquid crystal screen that is placed on top of an overhead projector. See data projector. and color filter manufacturers. Creo will receive recurring revenues from sales and service of DuPont thermal color filter systems. Both companies have agreed to cooperate on an exclusive and renewable basis in this application of thermal imaging for the manufacture of color not of the white race; - commonly meaning, esp. in the United States, of negro blood, pure or mixed. See also: Color filters for LCDs. The DuPont system will enable LCD panel and color filter manufacturers to produce color filters used for LCDs like those used in the screens of laptop computers, computer monitors and cellular telephones. The Creo supplied imaging equipment will utilize the award-winning SQUAREspot(TM) thermal imaging heads that are used to image printing plates and proofing media for thousands of printers around the world. "Creo pioneered thermal imaging in the graphic arts graphic arts: see aquatint; drawing; drypoint; engraving; etching; illustration; linoleum block printing; lithography; mezzotint; niello; pastel; poster; silk-screen printing; silhouette; silverpoint; sketch; stencil; woodcut and wood engraving. and transformed that industry with our SQUAREspot technology," explains Eran Elizur, Creo director of business development. "We are looking forward to working with DuPont to apply this core thermal imaging technology to the flat panel display A thin display screen for computer and TV usage. The first flat panels appeared on laptop computers in the mid-1980s, and the LCD technology became the standard. Stand-alone LCD screens became available for desktop computers in the mid-1990s and exceeded sales of CRTs for the first time market. Our approach will use an infrared laser beam to thermally transfer colorants from a donor sheet to a glass substrate to create the multi-color filters that are used in color LCDs." This approach will improve the manufacture of flat panel displays by greatly reducing manufacturing steps, increasing manufacturing flexibility especially for large displays, while reducing cost and waste. "Creo is a very strong engineering and technology company as evidenced by its success in thermal imaging equipment for the printing and packaging industries," says Brian Eyre, global business manager, thermal imaging, DuPont Imaging Technologies. "We have a good history of working together successfully and we look forward to this new cooperation." About DuPont During 2002, DuPont is celebrating its 200th year of scientific achievement and innovation - providing products and services that improve the lives of people everywhere. Based in Wilmington, Del., DuPont delivers science-based solutions for markets that make a difference in people's lives in food and nutrition Food and Nutrition See also cheese; dining; milk. accubation Rare. the act or habit of reclining at meals. alimentology Medicine. thescience of nutrition. allotriophagy Pathology. ; health care; apparel; home and construction; electronics; and transportation. About Creo Creo is a world leader in solutions for the graphic arts industry. Core product lines include image capture systems; inkjet proofers; thermal imaging devices for films, plates and proofs; professional color and copydot scanning systems; and workflow management software. Creo is also an Original Equipment Manufacture supplier of on-press imaging technology, components for digital presses, and color servers for high-speed, print-on-demand digital printers. (C) 2002 Creo Inc. The Creo product names mentioned in this document are trademarks or service marks of Creo Inc. and may be registered in certain jurisdictions. Other company and brand, product and service names are for identification purposes only and may be trademarks or registered trademarks of their respective holders. Data is subject to change without notice. This release contains forward-looking statements within the meaning of the "safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " provisions of the U.S. Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These statements are based on management's current expectations and beliefs and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. These risks and uncertainties are described under the caption "Information Regarding Forward-looking Statements" and elsewhere in our Annual Report for the fiscal year ended September 30, 2001, as filed with the U.S. Securities and Exchange Commission and which are incorporated herein by reference. We do not assume any obligation to update the forward-looking information contained in this press release. |
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