Project will be significant in development of flexible displays

CAMBRIDGE, United Kingdom, 24th August 2006 - Cambridge Display Technology (CDT) [Nasdaq: OLED], a pioneer in the development of polymer light emitting diode (P-OLED) technology, has begun collaborative work on a metal deposition project which is expected to be important in the field of flexible displays. This is one of a number of projects which CDT expects to be able to announce in the near future which together will make a major contribution to the development of flexible displays.