11 Jul 2008 07:00
For release: 11 July 2008
MicroEmissive Displays Group plc
("MED" or "the Company")
MED Signs MOU for Strategic Partnership
MED, the AIM listed designer and manufacturer of low-power light emitting polymer displays, today announces it has signed a memorandum of understanding ("MOU") with Universal Scientific Industrial Co., Ltd. ("USI") of Taiwan.
USI is a leading global design and manufacturing service (DMS) company producing a wide variety of electronic hardware modules for numerous applications, from PC motherboards to tyre pressure monitoring systems for the automotive industry.
The MOU, signed today, sets out a framework for the collaborative partnership between MED and USI to produce Head Mounted Display ("HMD") modules incorporating MED's eyescreen™, which is the world's smallest display. The modules are intended for the growing global market in mobile media accessories.
The eyescreen™ offers superb image quality without the need for a backlight, making the component compact and power efficient. The module can also be directly attached to the HMD bridge offering reduced complexity of manufacturing.
Commenting on the agreement, MED Chief Executive, Bill Miller, said, "This MOU represents another important step forward for the Company and illustrates the traction we are enjoying with potential partners and customers. The performance capabilities and low power demands of the eyescreen™ differentiate our product from the incumbent technologies currently servicing the Head Mounted Display market."
He added: "Under the arrangement, USI will assemble complete display modules which incorporate eyescreen™, which can be offered as a turnkey solution to the major players in the global Head Mounted Display market. We are delighted to be partnering with a global player, in USI, and look forward to working with them to produce a world-class module."
For further information, please contact: www.microemissive.com
| MicroEmissive Displays | Arbuthot Securities |
| Bill Miller, Chief Executive | Neil Kirton / John Prior |
| Tel: 0131 650 7764 | Tel: 020 7012 2000 |
| Tavistock Communications | |
| Matt Ridsdale / Andrew Dunn | |
| Tel: 020 7920 3150 |
Notes to Editors
About MicroEmissive Displays
MicroEmissive Displays (MED - AIM, London Stock Exchange) is a leader in polymer organic light emitting diode (P-OLED) microdisplay technology. The Company was founded in 1999 and has developed a unique emissive microdisplay technology by using a P-OLED layer on a CMOS substrate. In late 2004, MicroEmissive Displays floated on the Alternative Investment Market of the London Stock Exchange (AIM) and the first product release and commercial shipments of MicroEmissive Displays' eyescreen™ microdisplays were made in 2005. The Company held the official opening of its volume manufacturing facility in Dresden, Germany in May 2007.
About USI
Universal Scientific Industrial Co., Ltd. (USI), established in 1976, is a leading global company in the DMS industry. With its Design-to-Distribution total solutions and module-to-systems product offerings, USI is recognized as the strategic DMS partner for Global Brands in 4C (Computing, Communications, Consumer Electronics and Car Electronics) industries. Integrating its core technologies of Computing, Wireless Communication and Video/Audio Processing, USI offers high quality, value-added and cost-competitive products covering 4C application fields.