Litrex Corporation Ships First Large M-Series Inkjet Manufacturing Systems.

PLEASANTON, Calif. -- Litrex Corporation has shipped the first M-Series(TM) Inkjet Systems to a leading display maker. These systems reinforce Litrex Corporation's position as the world leader in inkjet manufacturing systems for display applications. These new "next generation" M-Series(TM) tools build upon the success of over 50 inkjet systems that Litrex Corporation has installed worldwide at 25 customer sites.

The M-Series(TM) Inkjet Systems are built for substrates from Gen 3 to Gen 7 size, and are designed for precise deposition of high value materials such as those in P-OLED, LCD, nano-metals and biomaterials. The M-Series(TM) Inkjet Systems have a modular architecture that builds upon Litrex Corporation's existing experience and allows new equipment to be designed and adapted quickly to other applications.

Dave Albertalli, CTO of Litrex Corporation, said: "We are committed to being the world leader in industrial inkjet printing for displays. We have over 50 man-years invested in inkjet printing technology for advanced manufacturing applications and will continue to drive innovation to make inkjet a robust and economically superior manufacturing technology for many new markets going forward."

There are over a dozen patents pending on new technology developments for the M-Series(TM). Innovations include sophisticated alignment protocols for micron-level precision, self-contained intelligent SmartHead(TM) modules, and application specific designs.

David Orgill, President and CEO of Litrex noted, "Litrex is chosen repeatedly by leading display companies who are pushing the frontiers of manufacturing technologies. Inkjet is quickly being recognized as offering significant cost savings over traditional deposition processes such as bulk deposition, lithography, and etching, as well as being the sole manufacturing method for making large flat-panel organic displays."

Inkjet printing of full color displays is also widely seen as the key to scalability for larger displays utilizing the benefits of solution processable OLED technology. One of Litrex's parent companies, Cambridge Display Technology (Nasdaq:OLED), is a pioneer in the development of light emitting polymers (P-OLEDs) which are thin, lightweight and power efficient organic diodes that emit light when an electric current flows. Litrex's other owner is ULVAC, Inc. (TOKYO:6728) of Japan, a leader in vacuum deposition for displays.

About Litrex Corporation

Founded in 2001, Litrex Corporation is the leading pioneer in precision inkjet systems for manufacturing the next generation of electronics and color displays. Litrex products are proving critical for manufacturing polymer organic light emitting displays (P-OLED), the only technology viable for making large flat panel color organic displays. In other display fabrication markets, this revolutionary approach dramatically reduces manufacturing costs and processing steps, and enables economical manufacturing of color LEP displays, even at large sizes. Litrex in located in Pleasanton, California, where it maintains its headquarters, research and development, and manufacturing offices. For more information about Litrex Corporation, visit the company's website at www.litrex.com.