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
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
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.
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: www.cdtltd.co.uk
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: www.sumitomo-chem.co.jp/english
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