Cambridge Display Technology (CDT) has bought UK-based Opsys' business related to the intellectual property (IP), commercialisation and technology development of organic light emitting diode (OLED) displays. CDT receives ownership of all rights to Opsys' dendrimer OLED technology and assumes management of the commercial and technical development of Opsys' business. More than 25 highly-skilled scientists from Opsys have been added to CDT's staff.

Financial terms of the agreement include an immediate payment in cash and
deferred payment in CDT shares to Opsys. Opsys' US business is not part of
the agreement and retains privileged rights to use dendrimers and other
technologies developed by Opsys.
Toppan Printing of Japan - an investor in Opsys - will invest in CDT as a
major corporate shareholder and partner. Toppan will also convert its
existing shareholding in Opsys into an equivalent holding in CDT. The joint
development work begun with Opsys will be transferred to CDT.
CDT and Opsys have been developing organic display technology for electronic
displays and lighting applications. Both companies were founded based on
fundamental research undertaken at UK universities - CDT in 1992 from the
University of Cambridge and Opsys in 1997 from the University of Oxford.