The Food and Drug Administration has approved NIDEK CO., LTD.'s EC-5000 excimer laser for use in photorefractive keratectomy, a surgical procedure designed to correct mild to moderate myopia or nearsightedness by altering the shape of the cornea. The Aichi prefecture company developed the system in 1992 and since then has sold about 400 units in 50 countries. It applied for FDA marketing approval in 1994. NIDEK, INC. of Fremont, California has priced the EC-5000 around $560,000. It is projecting sales of 50 or so units in the year starting April 1.
Four unnamed Japanese organizations, including two companies described as among the largest display makers, are part of a development team put together by SI DIAMOND TECHNOLOGY, INC. to develop the Austin, Texas firm's hybrid HyFED display. This technology combines properties of the cathode-ray tubes found in television sets and field emission displays using the proprietary diamond/carbon films of a SIDT subsidiary. The HyFED display has the potential to be larger and brighter than CRTs with better resolution while also being cost-competitive. Each of the team members is funding its own part of the work on the 4-inch (diagonal) HyFED display prototype.
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