Displaytech Microdisplay Solution Selected for New Olympus SP-500UZ Digital Camera

LONGMONT, Colo., Sept. 29, 2005 — Displaytech Inc., the world leader in liquid-crystal-on-silicon (LCOS) microdisplays, today announced that its LightView 201k-EV2 Microdisplay Engine is featured as the electronic viewfinder (EVF) in the Olympus SP-500UZ digital camera. The SP-500UZ is the newest compact, ultra-zoom camera from Olympus, and features a 6-megapixel CCD image sensor and 10X optical zoom.

"Displaytech is excited to be working with Olympus and to be featured in the SP-500UZ," stated Dick Barton, Displaytech's CEO. "The feature set of the SP-500UZ, including our viewfinder engine, will provide outstanding performance at an attractive price point for the aspiring digital photographer."

The EV2 Engine is the world's smallest and lowest power EVF solution available to camera manufacturers, combining the microdisplay panel, magnification optics, and mechanical housing. The included LightView 201k microdisplay utilizes the company's proprietary FLC material combined with a reflective CMOS backplane to create a fast-switching, high-fill factor display without the 'screen door effect' and motion image smear common in competing transmissive liquid crystal display solutions. With a visual resolution equivalent to 201,600 pixels, the tiny 0.20" screen displays crisp, bright, full-color images and easily readable text while minimizing power consumption. "The SP-500UZ takes advantage of the LV201k's high resolution and crisp image quality to create the clearest, most natural image we have ever achieved in an electronic viewfinder," said a representative from the Product Planning Section, Olympus Imaging Corporation. “We believe, with this electronic viewfinder display, many users will be inspired by using the SP-500UZ."

ABOUT OLYMPUS IMAGING

Olympus Imaging is a precision technology leader, designing and delivering award-winning products for consumer and professional markets.

Olympus Imaging works collaboratively with its customers and its parent company, Olympus Corporation, to develop breakthrough technologies with revolutionary product design and functionality that enhances peoples lives every day. These include: Digital and film cameras, Professional SLR Imaging Systems, Digital and Microcassette recorders, Digital Music Players, Personal Photo Printers, Digital Print Kiosks, Digital Video Projectors, and Digital Media Binoculars.

About Displaytech

Displaytech, Inc. makes and sells microdisplays with superior image quality for electronic viewfinders in consumer digital still cameras, camcorders, and mobile communication devices. The low power and compact form factor of Displaytech's LightView microdisplay product line enable innovative end-product design. The patented Ferroelectric Liquid Crystal (FLC) technology at the heart of the Company's microdisplays is also used in a line of ultra-fast photonics switching products for emerging optical applications. A fabless manufacturing model positions Displaytech to keep pace with the high-volume consumer-electronics market. For more information on all Displaytech products, press releases, and images, visit www.displaytech.com.

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Displaytech and LightView are trademarks of Displaytech, Inc.

CONTACT:

Steve Reinhard Displaytech, Inc. Phone: 303-772-2482 stever@displaytech.com