MED is facing financial problems, appoints administration, looking to sell the company

MicroEmissive displays (makers of P-OLED microdisplays) is facing financial problems. They run out through most of their cash, and are now seeking UK government protection (appoints administration).

MED is hoping to sell off the company. They have been in talks for a long time with several buyers. In fact they have seen good interest in the displays - but this hasn't converted to sales.

MED could run out of money in December - we hope they'll be able to find a solution quick.

Via EETimes