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ARROWHEAD SUBSIDIARY, UNIDYM, ENTERS INTO JOINT DEVELOPMENT AGREEMENT WITH A MAJOR LIQUID CRYSTAL DISPLAY (LCD) MANUFACTURER FOR GLASS BASED LIQUID CRYSTAL DISPLAYS
November 14, 2009
Sunnyvale, CA - Unidym, Inc, a majority-owned subsidiary of Arrowhead Research Corporation (NASDAQ: ARWR), announced today that it has entered into a joint development agreement with a major liquid crystal display (LCD) manufacturer. Under the agreement, Unidym will work with the Process Development Group at the major liquid crystal display (LCD) manufacturer to integrate CNT transparent conductive films into glass-based liquid crystal displays.
Under the new agreement, Unidym will focus on depositing its CNT inks on color filter glass and the thin film transistor backplane for rigid displays. The primary advantages of Unidym’s products in glass-based liquid crystal displays are lower cost of materials and deposition, increased yield, and elimination of the acid patterning process associated with ITO.
About Arrowhead Research Corporation
Arrowhead Research Corporation (www.arrowheadresearch.com) (NASDAQ: ARWR) is a nanotechnology company commercializing new technologies in the areas of life sciences, electronics, and energy. Arrowhead is seeking to build value for shareholders through the progress of majority owned subsidiaries and minority investments commercializing nanotech products and applications.
About Unidym Inc.
Unidym is a leader in carbon nanotube-based transparent, conductive films (TCFs) for the electronics industry. TCFs are a critical component in devices such as touch panels, displays, and thin-film solar cells. For example, both touch panels and LCDs typically employ two TCF layers per device. Unidym's TCFs offer substantial advantages over the incumbent technology, indium-based metal oxides, including: improved durability, lower processing costs, and lower overall cost structure.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:
This news release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements are based upon our current expectations and speak only as of the date hereof. Our actual results may differ materially and adversely from those expressed in any forward-looking statements as a result of various factors and uncertainties, including the future success of our scientific studies, our ability to successfully develop products, rapid technological change in our markets, changes in demand for our future products, legislative, regulatory and competitive developments, the financial resources available to us, and general economic conditions. For example, there can be no assurance that Unidym’s joint development with Samsung will continue or result in a commercial product or revenues to Unidym. Arrowhead Research Corporation's most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q discuss some of the important risk factors that may affect our business, results of operations and financial condition. We disclaim any intent to revise or update publicly any forward-looking statements for any reason.