Intelligent Ultrasound Share Discussion Threads

[ariane] 30/1/2007 11:35

Microemissive Holding(s) in Company


RNS Number:3517Q
MicroEmissive Displays Group PLC
30 January 2007



MICROEMMISSIVE DISPLAYS GROUP PLC ("the Company")

30 January 2007

HOLDINGS IN COMPANY

The Company announces the following disclosures of interest in its ordinary
shares of 1p each ("Shares") by notifications dated 24 January 2007:

AXA S.A. and its Group Companies, as at 19 January 2007, had an unchanged total
interest in 5,185,900 Shares, representing approximately 11.89% of the Company's
issued ordinary shares. This interest comprises a beneficial interest of
2,647,408 Shares (6.07%) and a non-beneficial interest of 2,538,492 Shares
(5.82%), as follows:

Holder Type of interest No. of Shares
AXA Framlington (SEI UK Equity) Non-beneficial 475,075
AXA Framlington (Throgmorton Trust) Beneficial 2,647,408
AXA Framlington (UK Smaller Cos.) Non-beneficial 2,063,417

In accordance with the Transparency Directive new disclosure thresholds,
Cazenove Capital Management Limited ("CCML") has disclosed a holding of
3,869,931 Shares, representing approximately 8.87% of the Company's issued
ordinary shares, as a result of CCML managing these Shares as an authorised
investment manager.

END



This information is provided by RNS
The company news service from the London Stock Exchange

END
HOLILFLILSIIVID

[wild bill] 30/1/2007 09:04

Howdy SRSM, still debating, as usual I missed the start of the party, hoping to join soon.

Thanks Frenchie, up early and on the ball as always

[ariane] 30/1/2007 06:58

MED shares surge on Far East contract DAVID BLACK January 30 2007
Shares in MicroEmissive Displays delivered a double-figure surge yesterday after the loss-making designer of digital camera and gadget screens said it had won a second Far East contract.

The Edinburgh-based technology group said it had signed a stocking and distribution agreement with Cytech Technology, one of the leading distributors of electronic components in Hong Kong and China.

Under the terms of the contract, Cytech will use its extensive network and brand to sell MED's eyescreen technology to Asia-based manufacturers.

continued...
Last month the company announced it had signed a £2m agreement to supply an un-named manufacturer of consumer products in the Far East.

Yesterday's order takes the cumulative value of the supply contracts signed to date to more than £5.1m.

Bill Miller, chief executive of MED, said: "The need for low- power, high-quality displays is being driven by the consumer demand for next-generation mobile devices, and our product is attracting significant interest.

"The agreement with Cytech validates our confidence in the potential for our product as an enabling technology, and we are working to build an even stronger order book for the coming year.

"Stocking and supply agreements are a cost-effective way of developing our sales network. We intend to sign further distribution agreements covering other territories in order to secure a global sales framework for our business."

MED, which was spun out of Edinburgh and Napier universities, first shot to fame in 2002 after building the world's smallest television.

After raising £5m from investors last September to fund the development of production facilities in Dresden, Germany, the company said last month that its machine tool suite was being installed.

Yesterday it confirmed that it expects the manufacturing line to be capable of volume shipment on schedule in the second quarter of 2007.

Its shares closed up 10.4% or 4p at 42.5p.

[ariane] 30/1/2007 06:31

Tue 30 Jan 2007

MED in breakthrough Chinese deal
HAMISH RUTHERFORD

MICROEMISSIVE Displays (MED) shares climbed more than 10 per cent yesterday after the firm announced it had secured sales deals worth more than $10 million (£5.1m) including a distribution agreement in China.

The Edinburgh-based company said it had signed a deal with Cytech Technology, which will act as a distributor for the screens in Hong Kong and China.

Cytech would sell its eyescreen technology to its extensive Chinese network.

"The agreement will generate sales, build and extend the order book for the product and commercialise the technology in the region," MED said in a statement.

As well as distributing the product, MED said Cytech had placed a "significant stocking order" for the product. Yesterday's announcement sent shares up 4p to 42.5p, valuing the company at around £17.7m.

The AIM-listed company floated at 150p in 2004 but reliability concerns and a change of business model meant shares hit a low of 24.5p in September last year as it announced plans to raise another £5m.

However, in late December MED announced it had landed its first-ever bulk supple deal, worth £2m, to provide its polymer displays to an unnamed Asian consumer-products manufacturer.

Chief executive Bill Miller said yesterday the company had secured a second direct sales deal since. The three deals, signed in little over a month, are said to be worth "in excess of $10m".

Miller said "a fair proportion" of sales in the near future would be made through distributors, with the company lacking the resources to have its own sales force in all potential markets.

"The advantage for us here is that China is such a huge market, with many regions within it, so for a company like MED to absorb the cost of setting up multiple sales offices is just not feasible at this early stage."

Cytech will be the exclusive distributor of its products in China and Hong Kong, and Miller said he believed the company could soon close other similar deals in other markets "to secure a global sales framework for our business".

The deals come almost six months before MED expects to be ready to start shipping the products in bulk.

It is currently setting up a new production line in Dresden, which will provide the company with enough capacity for £50m in annual sales. Miller said the set-up process was on schedule, and expected volume orders to be shipped from July.

MED was founded as a spin-out from Napier and Edinburgh universities in 1999 and has gained a place in the Guinness Book of World Records for the world's smallest television screens.

Miller is aiming to be cash positive by the end of 2007 and record its first full-year profit in 2008.

This article:

Last updated: 30-Jan-07 01:28 GMT

[srsm] 29/1/2007 20:54

Hi Wild Bill,

You here too. Good man.

Bought a few weeks ago at 38p and more today at 44p. Not the bottom but looks okay on the long term graph.

As someone said regarding another UK Tech Hope Torotrak "they are starting to look like a real company". Instead of just another UK blue sky with no idea how to make money.

Early days.

[wild bill] 29/1/2007 17:01

What are you smiling at.....

.....you have every right to smile ;-)

[biggerbil] 29/1/2007 11:05

I'd much prefer if their business was based on licensing their patents rather than manufacturing.

[iaoutfls] 29/1/2007 11:00

BG...understand what you are saying, but for H2 2006 they have announced that they stopped making commercial product at the Edinburgh facility and Germany hasn't started volume production, so turnover likely to be low and the data on margin meaningless as it will relate to product not made on the new commercial line. I will be watching for what they say on early indicators about yield and volume in Germany as well of course as the orders. You are right that they don't have funding for years of losses, so time to deliver!

[kasman] 29/1/2007 10:42

Founded in 1998, Cytech Technology Ltd. is among the fastest growing distributors of electronic components in Hong Kong and China today. Headquartered in Hong Kong, it has 13 regional offices, spread across China, including Beijing, Shenzhen and Shanghai. With over 200 employees, Cytech specializes in demand creation, meeting global supply. Cytech's portfolio of services includes technical and logistic support, buffer stocks and total solutions.

Cytech distributes over 25 high-tech semiconductor products from USA, viz. ALTERA, CATALYST, IDT, MICRON, LINEAR TECHNOLOGY and others. Each international brand is globally recognized and each product is the yardstick, when it comes to measuring quality. The Company's objective is primarily to provide high quality and up-to-the-minute specialized technology that satisfies every customer's requirements.

[kasman] 29/1/2007 10:40

was that £106000 a buy or sell ;)

[biggerbil] 29/1/2007 10:34

Iaoutfls, I can't speak for "the market", but my decision to invest here will depend upon the levels of losses of 2006, the percentage profit on each of the sales and the likely level of losses for 2007.

Not a great amout of cash in the bank to cover years more of losses, and funding needs to come from somewhere.

Fingers crossed, profit margin and order book will be good.

[waldron] 29/1/2007 09:46

Microemissive Displa MicroEmissive wins stocking, distribution contract from Cytech


LONDON (AFX) - MicroEmissive Displays Group PLC said it has signed a
stocking and distribution agreement with Cytech Technology Ltd to sell MED's
eyescreen technology to Hong Kong and China-based manufacturers.
Financial details of the deal were not disclosed but the company said this
order takes the cumulative value of the supply contracts signed to date to over
10 mln usd.
The designer and manufacturer of low-power light emitting polymer displays
added the agreement will generate sales, build and extend the order book for the
product and commercialise the technology in the region.
Chief executive Bill Miller commented: "Stocking and supply agreements are a
cost effective way of developing our sales network. We intend to sign further
distribution agreements covering other territories in order to secure a global
sales framework for our business."
[e-mail]
ks

[iaoutfls] 29/1/2007 09:09

BG...market already know 2006 numbers will show minimal turnover and heavy losses as the company have made clear. These orders will be for the new line they expect to start volume shipment in Q2. The orders now being taken are for that. I think the market will be more interested in whether that line is on track and how the order book is building.

[biggerbil] 29/1/2007 08:47

Perhaps if you ignore 2005's £5.1 million loss (30p loss per share). 2006 results out in the next couple of months. Risky if you want to buy now without knowing those figures.

On the plus side, MED do hold a few interesting patents.

[kasman] 29/1/2007 08:31

This is the next SOLA!

[roks] 29/1/2007 08:19

can even buy 5k online

[waldron] 29/1/2007 08:10

UK smallcap opening - MicroEmissive Displays Group jumps on contract win


LONDON (AFX) - Shares in MicroEmissive Displays Group jumped 3 pence higher
tO 41-1/2 in opening deals after the AIM-listed designer and manufacturer of
low-power light emitting polymer displays announced it has signed a stocking and
distribution
agreement with Cytech Technology Ltd.
MicroEmissive said that under the terms of the contract, Cytech will sell
MED's eyescreen technology to Hong Kong and China based manufacturers, adding
that Cytech has placed a significant stocking order for the product.
The company also said this order takes the cumulative value of its supply
contracts signed to date to in excess of 10 mln usd.
[e-mail]
hco/vjt

[biggerbil] 29/1/2007 07:48

I believe they have around £570k debt, Matty.

[mattyfromtheblock] 28/1/2007 02:26

Hey guys, have just recently become interested in MED. Do any of you lot know how much debt the company has acquired over the years? And also what kind of financing arrangements these have? Also, was the placing for £5m taken up purely by instis or was it open to the market? Sorry for all the questions. Thanks

[ariane] 27/1/2007 08:26

Jan 26, 2007

Business briefs
Including news from Plextronics, Xerox, MicroEmissive Displays, Optiwave, Zemax, IMS Research, Exfo, Agilent, Discovery Semiconductors, JMAR technologies, StockerYale, IPG Photonics, Reliant technologies, AOFR, Sabeus, Quintessence, Neuroptix, Ionatron and others.

• Plextronics, a developer of active layer technology for printed electronic devices, has received $750,000 in funding from the Sustainable Energy Fund (SEF) of Central Eastern Pennsylvania to further development of Plexcore PV technology for organic solar cells. Organic solar cells employ extremely thin layers of plastic semiconductors, instead of silicon, to absorb light and create electricity.

• Xerox has reported its fourth-quarter 2006 earnings. Revenues exceeded the company's expectations and, in particular, color technologies and services fueled growth. Total revenue of $4.4 billion grew 3% in Q4. Post-sale and financing revenue, which represents about 70% of Xerox's total revenue, increased 5%, which included favorable currency conditions. The company had gross margins of 41% and operating cash flow of $720 m in Q4 ($1 billion for the full year).

• MicroEmissive Displays Group, the London Stock Exchange AIM-listed developer of low power light emitting polymer displays, has signed a £2 million deal to supply its technology to an unnamed manufacturer of consumer products in the Far East. In addition, Bill Miller, CEO of MED said, "Securing volume orders is vital if we are to achieve our target of becoming cash generative by the end of 2007 and this contract is a positive start to our order book."

• Optiwave Systems, a developer of waveguide optical component and system design tools, and Zemax Development, a provider of lens design and illumination simulation software, are to jointly create a new interface to enable Optiwave and Zemax users to import and export their proprietary file formats between each platform. It will appear in the next version of OptiBPM and Zemax's software.

• Discovery Semiconductors has developed high optical power handling, 12 GHz InGaAs photodiodes for the optoelectronic group of the Institut d'Electronique, de Microelectronique et de Nanotechnologie in France, specifically for its research into opto-electronic oscillators. The opto-electronic oscillator is a special class of oscillator that is based on converting continuous light energy from a pump laser into RF signals. The work was partially funded by the European Space Agency.

• JMAR Technologies, a developer of advanced laser, high resolution imaging and photonics technologies, has hit what it calls the "50 nm resolution milestone" targeted in the development of its compact soft X-ray Microscope (XRM). The XRM bridges the gap between optical microscopes, which are typically greater than 200 nm resolution, and transmission electron microscopes that resolve feature sizes as small as 0.1 nm. Key features include the ability to provide full 3D topographic reconstructions of whole cells.

• IPG Photonics and Reliant Technologies have jointly introduced an industrial scanning system for high speed spot welding and drilling that can increase manufacturing throughput and end product performance. This new scanning system combines proprietary technology developed by Reliant for original use within their medical device products with IPG's proven industrial fiber lasers.

• IPG Photonics also announced that it received an order from a "tier one" automotive supplier for ten 1,000 W fiber lasers used to cut hydroformed parts. The units are expected to be delivered in the first quarter of 2007. "Our customer decided to retrofit its robotic cutting cells because of the lower labor, parts, electrical and maintenance expenses associated with IPG's advanced kilowatt fiber lasers," said Bill Shiner, Director of Industrial Markets.

• AOFR, a supplier of fused couplers, has launched a range of "clean fusion laser power combiners" for use in fiber laser systems. As fiber lasers move from the laboratory into real world applications, reliable power combining components are critical to making this transition happen, the company says. AOFR's laser power combiners have undergone rigorous Telcordia GR1209/1221 testing as well as extended high power testing at levels exceeding 10 W per input.

Fiber & networks

• Growth in the world market for industrial networking is being driven by a significant increase in the use of Ethernet based technologies, according to a new report from IMS Research. The report predicts average annual growth of 13% over the next five years. in terms of nodes installed. Over the same period Ethernet based protocols are forecast to grow at the substantially higher annual rate of 20%. Market analyst John Morse commented, "Of the three market regions covered in the report, Asia-Pacific is expected to experience even higher growth in the use of Ethernet."

• Exfo Electro-Optical Engineering has launched a hand-held test device that supports Internet protocol television (IPTV) and high-definition television (HDTV) over a high speed DSL, version 2 (VDSL2) test module. This product is the latest in a series of test modules for Exfo's CoLT-450P, a handheld, battery-powered test set for installation and maintenance applications on copper-based broadband access networks.

• Alcatel-Lucent has chosen Agilent as a formal test and measurement partner for its IPTV ecosystem. The partnership will enable collaboration to ensure that new IP-based video deployments meet end-to-end service-quality expectations. Agilent test solutions provide a "holistic" approach to measuring and monitoring video service quality from R&D.

• StockerYale a designer of structured light lasers and other photonics-based products, has launched its new circular-polarization-maintaining fibers that are designed to function as sensing fibers in optical current sensors. Optical fiber current sensor technology is gaining ground in the electrical power industry, where it is used in metering, control and protection applications. Lightweight, small-form-factor optical fiber sensors are expected to change the manner in which high-voltage electricity is managed in electric power distribution systems, railways and industry.

News from Photonics West

• StockerYale has introduced at this week's Photonics West show the Lasiris PureBeam laser, a fiber-coupled diode laser with wavelength offerings from violet to near infrared. Manufactured in a Class 100 clean room environment, the PureBeam laser is a temperature-stabilized device with integrated drive electronics and laser-welded mechanical components. Its thermoelectric cooler helps to maintain a constant laser diode temperature, resulting in optimal wavelength and output power stabilities and long lifetime.

• Sabeus has this week demonstrated its newly launched AG-1 distributed feedback tunable laser at Photonics West. The AG-1 laser has 100 times more signal precision than standard DFB lasers, suiting it to applications that need both durability and precision such as seismic surveying for oil & gas or military applications, high-precision optical test systems or high-bandwidth fiber-optic communications systems.

• QPC Lasers has partnered with Northrop Grumman's Space Technology Cutting Edge Optronics for the integration of QPC's high power semiconductor lasers. The integrated semiconductor laser modules and systems were displayed for the first time ever at the QPC exhibit at Photonics West.

People

• Neuroptix, a Massachusetts-based pioneer in the detection of Alzheimer's disease (see associated OLE story) has announced that it has closed its Series A funding round, for a total of $1.6 million, to help further commercialize the company's diagnostic platform. The investment, led by Launchpad Venture Group, is intended to support continued development of the Neuroptix QEL platform and diagnostic agents.

• Neuroptix also announced that two longtime life sciences executives have joined the company's expanded management team, with Evan Sherr signing on as VP, Product Management, and Vincent Valvo taking on VP, Engineering and Product Development duties.

• Agilent Technologies has announced that Rodney Gonsalves has been named director of its Investor Relations. Gonsalves succeeds Hilliard Terry, who was appointed Agilent VP and treasurer in November 2006. Gonsalves was most recently controller, corporate governance and customer financing, in Agilent's Global Infrastructure Organization.

• Ionatron a Laser Guided Energy company, developing next generation directed energy weapons, has appointed Aric L. Meares as its director of operations. Meares joins Ionatron from the Optical Systems Group of Zygo Corporation.


Sherie Motakef• Melles Griot has announced that Sherie Motakef has been promoted to the position of marketing manager for the Melles Griot distribution group. In this position she is responsible for all aspects of catalog and web marketing to MG's North American and European client base.

About the author
Matthew Peach is a contributing editor to optics.org and Optics & Laser Europe.

[pc4900074200] 26/1/2007 12:02

x trade - Cross at the Same Price.

A transaction was effected as an agency cross or a riskless principal transaction at the same price and on the same terms (this requires one trade report).

pc

[wild bill] 26/1/2007 11:43

No, but up it goes again with another X for 313K