MED.L Regulatory News (MED)

24 Oct 2006 14:34

MicroEmissive Displays Group PLC24 October 2006 Immediate release 24 October 2006 MicroEmissive Displays Group plc ("MED" or "the Company") Board Changes MicroEmissive Displays Group plc, the AIM listed designer and manufacturer oflow-power light emitting polymer displays, announces that Ken Sanders and PaulStrzelecki have stepped down from the Board. Both Directors joined the Board in order to advise the management team on thedevelopment of its eyescreen technology and on obtaining the financialresources to commercialise the opportunity. The Company is now putting in placeits volume manufacturing plan and has selected a centre to commence its volumemanufacturing in Dresden, Germany. Christopher Smith and Peter Denyer continue in their roles of Non-ExecutiveChairman and Non-Executive Director respectively. Commenting, Christopher Smith, Chairman of MED said, "Both Ken and Paul joinedthe Board prior to the Company's flotation on AIM and without their commitment,advice and support the Company would not have made the huge progress that ithas. The experience and enthusiasm with which they served as Board members hasensured that we have developed from having an exciting laboratory-basedtechnology into a publicly quoted business with significant potential for growthas a high tech designer and manufacturer. "With the site in Dresden selected and a fund raising completed, MED's road tovolume manufacturing is clear. On behalf of our shareholders, our staff and theBoard of Directors I would like to express our thanks to both Ken and Paul, andwish them well for the future." -ends- For further information, please contact: MicroEmissive Displays 0131 650 7764Bill Miller, Chief Executive Tavistock Communications 020 7920 3150Christian Taylor-WilkinsonMatt Ridsdale This information is provided by RNS The company news service from the London Stock Exchange