CDT and Sumitomo Chemical JV: Sumation
First announced on May 24, 2005
Cambridge Display Technology (CDT) and Sumitomo Chemical have announced the signing of a memorandum of understanding which will lead to the formation of a new joint venture company to develop and supply advanced polymer OLED (P-OLED) materials and formulated inks for use in commercial P-OLED display and lighting applications.
The new company, to be based in Tokyo, Japan, will be owned equally by the two parent companies, and will have the largest concentration of P-OLED material development expertise and intellectual property (IP) in the OLED industry.The parent companies will channel their existing P-OLED materials research and development activities into the new JV company, which will have access to the P-OLED material IP of the parent companies. Sumitomo has recently completed the acquisition of the Lumation business from The Dow Chemical Company, and will make available, on an exclusive basis, the polyfluorenes technology and IP of the Lumation business to the joint venture.
The joint venture, named Sumation (October 19, 2005), has now been completed and has
commenced trading on November 14th 2005.
Sumationâ„¢ supplies polymers and formulated inks for use in both development and commercial P-OLED display and lighting applications. The company is headquartered in Tokyo, and has an R & D team located in both the UK and Japan, while production of polymer materials will take place under sub contract at the Sumitomo Chemical plant in Osaka.