Losses widen on low sales at MicroEmissive Displays
March 07, 2007 //
Full-year losses widened at MicroEmissive Displays Group plc., a maker of organic light emitting polymer displays, mainly due to costs associated with set up of a manufacturing plant in Dresden, Germany.
LONDON Full-year losses widened at MicroEmissive Displays Group plc., a maker of organic light emitting polymer displays, mainly due to costs associated with set up of a manufacturing plant in Dresden, Germany.
The pre-tax loss at MED (Edinburgh, Scotland) was £6.3 (about $ 12.2 million) compared with £5.3 (about $10.2 million) for the year before, on sales of £31,175 (about $60,000).
According to reports a company executive has said the company was on course to be profitable in 2008 although this outlook information was not included in the company's London Stock Exchange filing.
"MED's primary short-term focus remains on the development of an enabling technology within the wearable headset market," said Bill Miller, chief executive officer, in the statement. "In addition, we are also seeing considerable increase in customer engagement for applications beyond the headset market and later in the year we intend to re-focus on the Japanese market for camera applications," he also said.
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