Cambridge Display Technology (CDT) is a technology company with head office in

Godmanchester Godmanchester ( ) is a town and civil parish in the Huntingdonshire district of Cambridgeshire, England. It is separated from Huntingdon, to the north, by the valley of the River Great Ouse. Being on the Roman road network, the town has a lo ...

England England is a country that is part of the United Kingdom. It shares land borders with Wales to its west and Scotland to its north. The Irish Sea lies northwest and the Celtic Sea to the southwest. It is separated from continental Europe b ...

. It was the first company spun out of the

University of Cambridge The University of Cambridge is a public collegiate research university in Cambridge, England. Founded in 1209 and granted a royal charter by Henry III in 1231, Cambridge is the world's third oldest surviving university and one of its most pr ...

ever to go public. It was subsequently acquired by Sumitomo Chemical for about $285 million in 2007.

History

Cambridge Display Technology was founded in 1992 in order to commercialise technologies made possible by the discovery of a new form of electroluminescence made in 1989 by Cavendish Laboratory researchers

Richard Friend Sir Richard Henry Friend (born 18 January 1953) is a British physicist who was the Cavendish Professor of Physics at the University of Cambridge from 1995 until 2020 and is Tan Chin Tuan Centennial Professor at the National University of Sing ...

Donal Bradley Donal Donat Conor Bradley is the Vice President for Research at King Abdullah University of Science and Technology (KAUST), Saudi Arabia. From 2015 until 2019, he was head of the Mathematical, Physical and Life Sciences Division of the Univers ...

, and Jeremy Burroughes and Department of Chemistry researchers Chloe Jennings and Andrew Holmes. In 2002, the company was awarded the

MacRobert Award The MacRobert Award is regarded as the leading prize recognising UK innovation in engineering by corporations. The winning team receives a gold medal and a cash sum of £50,000. The annual award process begins with an invitation to companies to ...

by the Royal Academy of Engineering ''for organic LED displays''. CDT's

initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investme ...

(IPO) took place on the NASDAQ stock exchange in December 2004. In 2007, the company became a subsidiary of Sumitomo Chemical.

References

{{reflist, 2 Technology companies established in 1992 British companies established in 1992 Companies based in Cambridgeshire 2004 initial public offerings