Q1 2005 Highlights

• Revenues of $1.6 million, an increase of 19% over the same period last year
• Gross profit of $1.1 million, slightly up over last year's first quarter
  

CAMBRIDGE, United Kingdom, May 9, 2005 -- Cambridge Display Technology, Inc. [Nasdaq: OLED] today reported its financial results for the first quarter of 2005. The Company is a pioneer in the development of polymer organic light emitting diode technology. In December 2004, the Company completed its initial public offering.

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