OSRAM, Three-Five Make Display Agreement

TEMPE, Ariz., Dec. 19 -- Three-Five Systems Inc., maker of liquid crystal and microdisplay products, and OSRAM Opto Semiconductors GmbH have made an agreement in which Three-Five will market organic light-emitting-diode (OLED) display products through its current market channels. Three-Five Systems will also provide design-engineering services to support the integration of OSRAM's technology into customer products. OSRAM will maintain its independent marketing, sales and integration channels.

Three-Five plans to market standard OLED display products manufactured by OSRAM in a fully qualified ISO environment, including custom OLED modules designed by Three-Five's engineering team. The agreement covers a variety of current OLED display technologies and product configurations.

OSRAM was granted a license from Cambridge Display Technology in 2001 to manufacture and sell polymer light-emitting displays. OSRAM manufactures OLED displays in evaluation quantities at its Penang, Malaysia facility. OLED displays are available in evaluation quantities, and volume production is expected to to begin in the second quarter of 2003. Three-Five Systems is currently marketing the OSRAM OLED technology to its customers.

Polymer OLED technology is particularly well-suited for incorporation into handheld devices such as wireless handsets, pocket personal computers and PDAs, Three-Five said.

For more information, visit: www.threefive.com