Cambridge Display Technology (CDT) and Add-Vision Inc. (AVI), a developer of technology for low information content displays, have announced a business collaboration in which CDT will give AVI a paid-up license to certain CDT IP for specialized low-resolution display applications. CDT will also join the existing private equity investors in a new round of funding to allow AVI to develop the technology more rapidly. In return for the license and equity investment, CDT will acquire a very substantial minority position in AVI.

The Add-Vision approach, developed over the last ten years, allows simple P-OLED displays and backlights to be fabricated by fast screenprinting on plastic substrates without the need for expensive clean room facilities. As a result, the cost of display production can be kept lower, while maximizing throughput volumes.

With the AVI technology, P-OLED displays are expected to participate in some of the point-of-purchase (POP) display market - estimated to be worth over $18 billion. Other potential applications include electronic signage, gaming machines and toys. CDT and AVI anticipate close technical collaboration to develop the business opportunity.

Contact: www.cdtltd.co.uk