FET to renounce the acquisition plan

FED is a new type of flat panel display technology than LCD and plasma’s superior picture quality, and power consumption compared with only general less than half of the LCD TV. At the same time it easier to thin, large-sized direction, called following the LCD and plasma, the organic EL panel after the fourth thin.

Field Emission Technologies is a close relationship with SONY enterprises from SONY with an investment company founded in 2006 to invest, by the end of 2006 from the independent SONY engaged in a new light-emitting display field Field Emittion Display panel development, Sony holds a 37% Shares.

In March this year, Pioneer announced to give up plasma panel manufacturing business, from Matsushita turn to buy. FET companies expressed interest in funding the purchase in September at the vanguard of Japan’s Kagoshima a plasma panel factory for the manufacture of R & D FED panel, will be first put into operation in 2009 for medical treatment and in the field of broadcasting. However, due to the impact of global economic recession, FET unable to pay the cost of the acquisition, announced last week plans to give up the acquisition.