Kodak Licenses Technology from Kent Displays.

Business Editors/High-Tech Writers

KENT, Ohio--(BUSINESS WIRE)--July 9, 2003

Kent Displays Inc. has licensed its Cholesteric "No Power" LCD Technology to Eastman Kodak Company of Rochester, New York. The technology enables changeable displays that maintain images indefinitely without consuming power and can be viewed at a wide angle in a range of lighting conditions.

"We are confident that Kodak will apply this technology to create new categories of products. Kodak's leadership in materials and manufacture of both consumer and commercial goods could significantly increase the visibility and use of this innovative technology," stated Joel C. Domino, President of Kent Displays.

Kodak is well known for expertise in thin-layer coating technology in products ranging from photographic films to OLED displays. In late 2002, the company formed the Display Group to apply its expertise and intellectual property in material and coating technologies to the development of electronic displays. "Coupled with some of our ongoing development projects, cholesteric technology offers some intriguing possibilities for new kinds of displays," said Bernard Masson, President, Display Group, and Senior Vice President, Eastman Kodak Company. "Taking this license enables us to pursue additional display applications and to develop and manufacture new products to serve these new markets."

"This arrangement with Kodak by one of our licensees, Kent Displays Inc., develops the global impact of Kent State's technology while fostering economic development in Ohio," said Gregory B. Wilson, Kent State University's associate vice president for technology transfer and economic development.

About Eastman Kodak Company and Infoimaging

Kodak is the leader in helping people take, share, print and view images -- for memories, for information, for entertainment. The company is a major participant in infoimaging, a $385 billion industry composed of devices (digital cameras and flat-panel displays), infrastructure (online networks and delivery systems for images) and services & media (software, film and paper enabling people to access, analyze and print images). With sales of $12.8 billion in 2002, the company comprises several businesses: Photography, providing consumers, professionals and cinematographers with digital and traditional products and services; Health, supplying the healthcare industry with traditional and digital image capture and output products and services; Commercial Imaging, offering image capture, output and storage products and services to businesses and government; Components, delivering optics and imaging sensors to original equipment manufacturers; and Display, which designs and manufactures state-of-the-art organic light-emitting diode displays, as well as other specialty materials.

About Kent Displays

Headquartered in Kent, Ohio, Kent Displays, Inc. is the world leader in "No Power" cholesteric liquid crystal display (ChLCD) technology. Kent Displays' ChLCD technology is ideal for use in portable products such as handheld electronic devices, signage and applications where low power consumption, sunlight readability or high contrast are important design criteria. The cholesteric "no power" LCD technology was originally developed at Kent State University's Liquid Crystal Institute, and licensed to Kent Displays Inc. for further development.

For information about licensing ChLCD technology please contact Mr. Joel C. Domino at Kent Displays, 343 Portage Blvd., Kent, Ohio 44240, phone [phone],or fax [phone], or email [e-mail] or visit the company's web site at www.kentdisplays.com.