It was the first company spun out of the University of Cambridge ever to go public.
[1][6] It was subsequently acquired by Sumitomo Chemical for about $285 million in 2007.
[7] Cambridge Display Technology was founded in 1992 in order to commercialise technologies following from the discovery of a new form of electroluminescence in 1989 by Cavendish Laboratory researchers Richard Friend, Donal Bradley, and Jeremy Burroughes together with Department of Chemistry researchers Chloe Jennings and Andrew Holmes.
[4][8][9] In 2002, the company was presented with the MacRobert Award by the Royal Academy of Engineering ”for light-emitting polymers”.
[8] CDT's initial public offering (IPO) took place on the NASDAQ stock exchange in December 2004.