Sumation(TM) Joint Venture Completed

Dec 08, 2005, 00:00 ET from Cambridge Display Technology

    CAMBRIDGE, England, Dec. 8 /PRNewswire-FirstCall/ -- Cambridge Display
 Technology (CDT) (Nasdaq:   OLED) and Sumitomo Chemical of Japan have confirmed
 that their Joint Venture company, Sumation(TM), commenced trading on November
 14th 2005.
     Sumation(TM) supplies polymers and formulated inks for use in both
 development and commercial P-OLED display and lighting applications. The
 company is headquartered in Tokyo, and has an R & D team located in both the
 UK and Japan, while production of polymer materials will take place under sub
 contract at the Sumitomo Chemical plant in Osaka.
     In establishing Sumation, the parties expect to achieve even faster
 progress in the development of materials performance through the synergy of
 combining the lumation(TM), Sumitomo and CDT portfolios in the key
 polyfluorene and high-efficiency dendrimer chemistry families*.
     Through a combination of CDT's ink jet printing process development and
 associated ink formulation expertise, coupled with Sumation polymer research,
 display makers now have access to commercial quantities of the latest polymer
 materials technology to produce P-OLED displays for the next generation of
 consumer products.
     Dr David Fyfe, CEO of CDT commented: "CDT is very excited about the
 opportunities that the Joint Venture opens up.  The combined material
 portfolios of Sumation(TM) cannot fail to accelerate the progress of P-OLED
     For Sumitomo Chemical, Yonakura-san, President, said: "This exciting new
 venture strengthens our position in this important emerging sector, and allows
 us to provide improved support to display makers going forward."
     * The lumation business was acquired by Sumitomo Chemical from The Dow
 Chemical Company earlier this year.
     About CDT
     Cambridge Display Technology is a pioneer in the development of light
 emitting polymers (P-OLEDs) and their use in a wide range of electronic
 display products used for information management, communications and
 entertainment. P-OLEDs are part of the family of organic light emitting
 diodes, or OLEDs, which are thin, lightweight and power efficient devices that
 emit light when an electric current flows. P-OLEDs offer an enhanced visual
 experience and superior performance characteristics compared with other flat
 panel display technologies such as liquid crystal displays, and have the key
 advantage that they can be applied in solution using printing processes.
 Founded in 1992, the company is headquartered in Cambridge, UK and is listed
 on the US Nasdaq National Market under the symbol 'OLED'.
     More information on CDT can be found at:
     About Sumitomo Chemical
     Sumitomo Chemical Company, Limited is one of Japan's leading chemical
 manufacturers, offering a diverse range of products, including basic
 chemicals, petrochemicals, fine chemicals, IT-related chemicals, agricultural
 chemicals, and pharmaceuticals. Established in 1913, its products are now sold
 in more than 100 countries. Sumitomo Chemical's strong basic and applied
 research programs have yielded numerous products that have gained top market
 shares in global markets. More information is available about Sumitomo
 Chemical at:
     Statements contained in this press release that are not historical facts
 are "forward-looking statements" and their presence may be indicated by words
 such as "believe," "expect," "anticipate," "intend," "plan," "estimate,"
 "seek," "will," "may," the negative thereof and similar expressions.  There
 can be no assurance that future developments affecting Cambridge Display
 Technology, Inc. and its subsidiaries will be those anticipated by management.
 Among the factors, risks and uncertainties that could cause actual results to
 differ, possibly materially, from expectations or estimates reflected in such
 forward-looking statements are the following:  the outcomes of our ongoing and
 future research and development activities; our ability to form and continue
 strategic relationships with manufacturers of P-OLED materials and displays;
 future demand for products using our P-OLED technology; and our future capital
 requirements and our ability to obtain additional financing when needed.
 Readers should also consider the additional factors described under the
 caption "Business-Risk Factors" in our 10-K and 10-Q Reports filed with the
 Securities and Exchange Commission.  Investors should not place undue reliance
 on such forward-looking statements and we undertake no obligation to update
 any forward-looking statements, whether as a result of new information, future
 events or otherwise.

SOURCE Cambridge Display Technology