Philips Components to license technology from CDT.CAMBRIDGE, U.K.--(BUSINESS WIRE)--Sept. 4, 1996--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 UK company leading worldwide development 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 Philips Components B.V., of the Netherlands, have signed a non-exclusive agreement which will give Philips Components access to CDT's patented LEP technology. Under the terms of the agreement Philips will pay CDT an upfront license fee together with a royalty on all LEP products. In return, Philips will gain access to CDT's patented technology for the lifetime of its patents. The precise financial nature of the agreement is confidential to both parties. The agreement opens the possibility for Philips Components to scale existing laboratory process and to develop its own manufacturing techniques and processes for the manufacture of specific small displays. Potential benefits of this technology over current technologies (such as light emitting diode See LED. (LED) and liquid crystal display 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. (LCD) technology) are that it will eventually enable Philips to manufacture thinner displays which will operate at lower voltage and will consume less energy, in a simpler way. The initial target for the coming years is to replace the existing backlights for LCDs in applications where space, low voltage Low voltage is an electrical engineering term that broadly identifies safety considerations of an electricity supply system based on the voltage used. While different definitions exist for the exact voltage range covered by "low voltage", the most commonly used ones include "mains and low power consumption are at a premium, such as in mobile telephones. In the next phase displays will be developed for applications in consumer products that currently depend on LEDs or LCDs, such as Personal Digital Assistants (PDAs), CD players, electric razors, alarm clocks, radios, and, ultimately, television sets. "For CDT to be successful, it is essential that we globalize glob·al·ize tr.v. glob·al·ized, glob·al·iz·ing, glob·al·iz·es To make global or worldwide in scope or application. glob LEP technology. This means that we must license the major consumer display manufacturers and chemical companies. As global leaders in this market, I am delighted that Philips is our first consumer license," said Danny Chapchal, 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. at CDT. "Partnership is key to the commercial exploitation of LEP technology and lies at the core of our business strategy." About CDT Cambridge Display Technology (CDT) is leading research and commercial development into Light Emitting Polymers (LEPs). These flat light-emitting devices are set to significantly change a wide range of consumer electronic products in the future. CDT was founded after initial work at the Cavendish Laboratory Cavendish Laboratory: see Cambridge Univ. led by Richard Friend Professor Sir Richard Henry Friend FRS is Cavendish Professor at the University of Cambridge with a world-renowned reputation for his research into the physics and engineering of carbon-based semiconductors. and Andrew Holmes Andrew Hunter Holmes (died August 4, 1814) was an American army officer in the War of 1812. Victorious as a captain at the Battle of Longwoods in Upper Canada, he was promoted to major but killed on Mackinac Island in the Battle of Mackinac Island. Holmes County, Ohio is named for him. . They discovered that Light Emitting Diodes (LEDs) could be made from polymers as opposed to traditional semiconductors. LEP displays are constructed by applying a thin film of the light emitting polymer onto a glass or plastic substrate coated with a transparent, indium tin oxide Indium tin oxide (ITO, or tin-doped indium oxide) is a mixture of indium(III) oxide (In2O3) and tin(IV) oxide (SnO2), typically 90% In2O3, 10% SnO2 by weight. electrode. An aluminum electrode is sputtered or evaporated on top of the polymer. Application of an electric field between the two electrodes results in emission of light from the polymer. LEP displays are constructed by applying a thin film of the light emitting polymer onto a glass or plastic substrate coated with a transparent indium tin oxide electrode. An aluminum electrode is deposited on top of the polymer. Applications of an electric field between the two electrodes results in emission of light from the polymer. About Philips Components Philips Components, a product division of Philips Electronics N.V., of the Netherlands is a world-wide supplier of high-quality electronic components and modules. The division employs more than 41,000 people over the world and its products range from picture tubes to liquid crystal displays, and from resistors and capacitors to many different magnetic products. Philips Components also make a wide variety of key modules, from laser-optic products and CD-recordable drives to custom made printed circuit boards for the automotive industry. It is the number one supplier in Europe and South America and has a strong position in North America. The division is realizing fast and strong growth in China and the rest of the Asia-Pacific region. The individuals below have been pre-briefed on the CDT/Philips announcement, and are available to offer industry comment: David Mentley Display Industry Analyst Stanford Resources, Inc. Tel: 001 510 526 8919 e-mail: dem@ix.netcom.com http://www.stanfordresources.com Bob Raikes Managing Editor Display Monitor Tel: 01276 22677 Bob Raikes is not available on Sept. 6 CONTACT: A Plus Group Stephen Waddington/Natasha Anderson Tel: 01753 790700/0850 000 496 E-mail: swadding@aplus.co.uk or Cambridge Display Technology Mark Gostick Tel: 01223 276351 E-mail: mgostick@ctdltd.co.uk |
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