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MicroEmissive Displays

  • BY: Andrew Hore |
  • POSTED: 02/08/2008 |

Low power, light emitting polymer microdisplays designer MicroEmissive Displays says it is taking longer than expected to convert deals into sales.

MED has won design-in contracts for its ‘eyescreen’ technology and is in discussions with leading camera manufacturers.

MED had net cash of £5.55m at the end of 2007 but cash is still flowing out of the business at a rapid rate. MED needs to raise more cash and it is reviewing its options. That could include a bid for the company.

This news knocked 3p off the shares taking them to 4.75p. That values MED at £2.82m. 

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