DuPont takes a stake in CDT

DuPont Displays has taken an equity stake in Cambridge Display Technology (CDT).

DuPont Displays has taken an equity stake in Cambridge Display Technology (CDT) to support its commercialisation strategy for LEPs in the bourgeoning organic light emitting diode (OLED) display market.

As the global source for the licensing and commercialisation of LEP technology for display, photovoltaic and lighting applications, CDT continues to develop and drive new innovations in LEP, providing a natural investment opportunity for companies that are committed to using the novel advantages of LEPs.

"It is heartening to see DuPont's investment in CDT at this juncture as it is a clear and resounding vote of confidence in LEP, CDT, and our role as the licensor of all relevant LEP-related IP, technology, and process knowhow", said David Fyfe, chief executive officer of CDT.

"Since launching our expanded business model last year, not only have we been successful in securing additional manufacturing licensees and solidifying partnerships with world-class companies, but we have implemented a technology development pilot line and signed strategic agreements to codevelop manufacturing equipment and synergistic technologies".

DuPont's minority equity investment in CDT further validates LEP's commercial value in the display field and is part of a larger strategic financing round that CDT is currently raising to accelerate the commercialisation of LEPs.

The funding will be used to continue to drive a broad range of core and peripheral technologies and ensure the development of an increasingly robust supply chain and high yield manufacturing processes.

The OLED display market consists of a wide range of electronics products that includes mobile phones, personal digital assistants, digital cameras, camcorders, microdisplays, and eventually personal computers and other consumer products, which is expected to grow to $4.2 billion (USD) in 2007 according to research from DisplaySearch.

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