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Product Name: DTI-Supported Process Development

Product Description

CAMBRIDGE, England, Aug. 24 /PRNewswire-FirstCall/ -- Cambridge Display Technology (CDT) [Nasdaq: OLED], a pioneer in the development of polymer light emitting diode (P-OLED) technology, has begun collaborative work on a metal deposition project which is expected to be important in the field of flexible displays. This is one of a number of projects which CDT expects to be able to announce in the near future which together will make a major contribution to the development of flexible displays.

The project is part-funded by the UK Department of Trade and Industry (DTI), and is an example of the support now being given to UK innovation in key technology areas which have been identified as strategically important - in this case 'plastic electronics'. CDT is involved in a number of calls for participation in advanced display related projects.

This particular project involves the development of a process to deposit high conductivity, very thin metal tracks onto glass and plastic substrates. The process, which is seen as an alternative to conventional inkjet printing methods, involves the use of lasers to expose selected material, and is capable of resolutions of less than 5µm.

Flexible displays are expected to require a technology such as this for the formation of the TFT backplane, and the process under development would be applicable to plasma (PDP) and LCD displays and even organic photovoltaics as well as P-OLEDs.

CDT partners in the project are Conductive Inkjet Technology (CIT), a subsidiary of Carclo plc [FTSE: CAR], a specialist in technical plastic products, and Exitech, supplier of laser processing equipment.

"This interesting project could have important implications for the development of next generation displays", comments Dr David Fyfe, CEO of CDT, "We look forward to being able to announce further activity in the field of flexible displays."

CDT expects to be able to report the outcome of this work by mid 2007.

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 listed on the US NASDAQ National Market under the symbol 'OLED'.

More information on CDT can be found at: www.cdtltd.co.uk

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" and "may," as well as 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 the Company's ongoing and future research and development activities, as well as those of its licensees; the Company's ability to form and continue strategic relationships with manufacturers of P-OLED materials and displays; the successful commercialization of products that include the Company's P-OLED technology by its licensees; the willingness of the Company's manufacturers and licensees to continue to develop, manufacture and sell commercial products integrating the Company's technology; the future demand for products using the Company's P-OLED technology; the comparative advantages and disadvantages of any competing technologies; the Company's ability to maintain and improve its competitive position following the expiration of its fundamental patents; the adequacy of protections afforded to the Company by the patents that it owns or licenses and the cost to the Company of enforcing these patents; the Company's ability to obtain, expand and maintain patent protection in the future and to protect its unpatentable intellectual property; and the Company's future capital requirements and its ability to obtain additional financing when needed. Readers should also consider the additional factors described under the caption "Risk Factors" in the Company's 10-K and 10-Q reports filed with the SEC. Investors should not place undue reliance on such forward-looking statements and the Company undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

SOURCE Cambridge Display Technology

CONTACT: Terry Nicklin, Marketing Director of CDT, +44-1954-713600, tnicklin@cdtltd.co.uk

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