Canon said it would boost research and development (R and D) spending by about two-thirds to advance new organic flat-panel display screens and rear-projection televisions.
Japan’s top office equipment and camera maker will raise annual R and D investment to about 500 billion yen (4.5 billion dollars) from around 300 billion as previously planned, a spokesman said.
Electro-luminescent displays, which sandwich a very thin layer of organic material between two plates, use less power and offer brighter images and wider viewing angles than liquid crystal display panels, making them suitable for devices such as digital cameras and mobile phones.
Canon said it was considering a commercial launch of the new display panels by 2007 and sees demand of around 20 million units a year.
Submitted by: Trogan_1000
Source: Yahoo
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