Wave Issue 0205 2/15/02 Article 4-01

***STMicroelectronics and Cambridge Display Technology Sign
Agreement for Light Emitting Polymer Display Driver Microcircuit
Development
(February 15)

STMicroelectronics, a semiconductor manufacturer, and Cambridge
Display Technology, a researcher and commercial developer of
light emitting polymer (LEP) technology, announced today that
they have signed an agreement to develop driver devices for LEP
displays.

Under the terms of the agreement, CDT has licensed to
STMicroelectronics full details related to the electrical
performance characteristics and materials interface requirements
of LEPs for the design and development of display driver devices
that will be offered to LEP display manufacturers. ST and CDT
will also evaluate display driver performance on test displays
fabricated on CDT's new pilot technology development line in
Godmanchester, U.K.

The goal of CDT and ST is to bring to the market a family of
power-optimized and low-cost LEP drivers for portable electronics
products including PDAs, mobile phones and new generation
multimedia terminals. The first display IC devices will be
dedicated to monochrome displays and are planned for introduction
in Q3 2002. Additional plans include full color drivers for
introduction by mid-2003 to coincide with the anticipated market
entry of full color LEP displays using inkjet printing
manufacturing technology.

The OLED (Organic LED) display market has been forecast to be
worth as much as $4.4 billion in revenue by 2007. The OLED
display market consists of a wide range of electronics products
that includes mobile phones, PDAs, digital cameras, camcorders,
microdisplays, and eventually personal computers and other
consumer products.