Microemissive Displays Group plc, the AIM listed designer and manufacturer of low-power light emitting polymer displays, announces the first shipment of its product.
The Company has now shipped the first batch of a multiunit order for distribution into Asia. This first fulfilment is confirmation of the improvement in manufacturing yield, which had previously prevented the Company achieving efficient mass production manufacturing.
MED’s proprietary enabling technology is the first example of silicon and an organic substance working together and is used to produce high-resolution images with low power requirement on microdisplays, making the product ideal for ‘near to eye’ mobile technologies.
This first order will see the displays used in ‘night scopes’ for the leisure and sports markets and the Company expects this to be a key area in the initial stages of the commercialisation of the product. The Company also sees opportunity in the near to eye mobile entertainment and communication handset markets going forward.
Commenting, Bill Miller, Chief Executive of MED said, “I am delighted to report that we have achieved our first shipment this side of the New Year. The Company has made important strides over the past few months and I am particularly pleased with the continuing progress being made in our manufacturing yields. “The start of production and the first shipment to a customer represent significant milestones for MED. There is still much to do but we look forward to 2006 with confidence”
