Westaim subsidiary of the company's development of inorganic EL block block intends to sell the parent company

[BP] the Canadian Westaim announced that it would sell its subsidiaries - Technology (iFire), which is engaged in the development of inorganic EL monitors. The news was made public at the Westaim's third quarter settlement conference in 2007. Westaim will freeze during the sale of Afell's development system, the company's operating costs reduced by 50%.

Westaim president and chief executive officer Drew Fitch said that the development of inorganic inorganic EL panel "TDEL" in some areas, although progress has been made, but the overall progress is slower than expected. Flat panel display (FPD) TV market performance requirements are getting higher and higher, while the "TDEL" development is more than a predetermined period, so the decision to sell. Although we believe that Afell's TDEL technology is feasible (Fitch), but the lack of its transition from the development stage to the commercial stage of financial support.

Afell was founded in 1991, Advanced Display Technologies named Westaim Inc., iFire Technology Inc. later renamed in 2000, has been engaged in large size color display using inorganic EL materials development, demonstration and in the pilot line (Pilot Line) production.