2 Jul 2008 07:00
For release: 2 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, is pleased to announce that it has signed a Memorandum Of Understanding ("MOU") relating to a strategic partnership with Kaga Components Ltd ("Kaga"), one of Japan's leading electronic component manufacturers and distributors (part of the Kaga Electronics Group).
According to the terms of the MOU, MED will partner with Kaga, supplying its revolutionary eyescreen™ displays for incorporation into Kaga Components' electronic view finder (EVF) lens modules, to create new products for the Japanese digital camera market.
MED's unique lightweight, low-power eyescreen display has distinct advantages over existing LCD technology in that it dispenses with power hungry and bulky backlighting resulting in a smaller, more efficient module. Eyescreen™ is therefore ideally placed to exploit the opportunities in the growing EVF market.
Commenting on the agreement, MED Chief Executive Bill Miller, said: "Last year around 120 million digital cameras were produced by Japanese companies for the world markets, with manufacturers moving toward the incorporation of EVFs in new designs rather than traditional optical lenses. This MOU represents a significant step forward for MED and a chance to showcase eyescreen's™ considerable quality and power advantages. The EVF market in digital cameras is a significant opportunity for our product and we look forward to developing a strong relationship with a partner of the calibre and market presence of Kaga."
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 Kaga Components Ltd
Kaga Components Ltd is part of the Kaga Electronics Group. Kaga Electronics was established in 1968 and is a global distributor of electronic components and electronic sub-systems with offices in Japan, Hong Kong, Singapore, Seoul, Taipei, UK and USA. The company also sells computer hardware under its own brand "TAXAN." Kaga also develops firmware and applications software for its customers. In September 1997, Kaga Electronics became a publicly traded company on the Tokyo Stock Exchange. The company has its head offices in Tokyo, Japan.
MED.L (MED)