Cambridge Display Technology

Cambridge Display Technology develops and commercializes polymer organic light emitting diodes. CDT develops polymer organic light-emitting diodes (known as P-OLEDs or PLEDs), which can be used in place of cathode ray tubes, standard LEDs, and display components in cell phones, digital audio players, and other applications. The company was formed in 1992 by Cambridge University and seed venture capital in order to develop research dating back to the initial 1989 discovery of organic electroluminescence from polymers, by the research group of Professor Richard Friend at the Cavendish Laboratory. CDT was floated on the NASDAQ market in 2004 (symbol OLED). It was subsequently acquired by Sumitomo Chemical Company in September 2007.