SpatiaLight Enters into Laser Diode Based Micro-Projector Development Agreement with SI InfoComm and SCRAM Technologies
18 January 2007 - 9:00AM
PR Newswire (US)
SI InfoComm to Fund Development Costs to Speed Micro-Projectors to
Market NOVATO, Calif., Jan. 17 /PRNewswire-FirstCall/ --
SpatiaLight, Inc. (NASDAQ:HDTV), a leading developer and
manufacturer of ultra high-resolution Liquid Crystal on Silicon
(LCoS) microdisplays, announced today that it has entered into a
Memorandum of Understanding (MOU) with SI InfoComm, Inc. and SCRAM
Technologies, Inc. for the design and development of a new class of
projection display, Micro-Projectors. This new Micro-Projector
product category is a technology with the potential to affect a
wide variety of consumer electronic products. The overall
applications vary from cell phones, PDAs and laptop computers to
portable and home video games. The Micro-Projector will be about
the size of a typical deck of cards. Moreover, it is likely that
Micro-Projectors will soon be built into these devices as well as
other consumer electronic products such as portable DVD players and
video game consoles. Micro-Projectors initiate a dramatic change to
the mobile electronics world in that they allow the user to bring
larger and higher quality video everywhere. This consortium
currently has a product roadmap in place and intends to offer the
Micro- Projector as an accessory for cell phones and PDAs
distributed by a specific and as of yet unnamed, large
international service provider. Micro-Projectors will provide a
compact and portable display system that projects high quality,
high-resolution images from a variety of data, image and video
sources by linking either wirelessly or from a wired source. Under
the agreement, each company will have complementary
responsibilities in developing prototypes and bringing
Micro-Projectors to the marketplace quickly and efficiently.
SpatiaLight will provide a 0.3 inch diagonal SVGA resolution single
chip LCoS imager solution designed specifically for this
application. Additionally, SpatiaLight is to provide the necessary
drive electronics reference design. SCRAM Technologies will produce
the key optical component technology including their
state-of-the-art laser diode modules that will drive the projection
system. The overall product design and system level integration
will be spearheaded by SI InfoComm. To speed the development and
commercialization of this product and its future applications, SI
InfoComm will provide SpatiaLight with funding for certain
non-recurring engineering expenses. Dr. Michael Jin, SpatiaLight's
Chief Technology Officer commented, "SpatiaLight's imager
technology is the perfect solution to enable this exciting new
product through a high quality, high resolution image display
coupled with low power consumption. In conjunction with the
technology contributions and design efforts of our project partners
we expect to collectively deliver a product that will provide
mobile electronics users with dramatically improved display options
and capability." David Hakala, SpatiaLight's Chief Executive
Officer added, "This agreement is another step in SpatiaLight
achieving its objectives of broadening our customer base and
entering new product categories using our proprietary core
technologies. We expect that the development stage of this product
will be relatively short and that the product should be in the
marketplace later this year." About SpatiaLight SpatiaLight, Inc.,
founded in 1989, manufactures high-resolution LCoS microdisplays
for use in high-definition televisions and other display
applications. The company manufactures its products at its
production facility in South Korea. SpatiaLight is committed to
developing microdisplay technologies that will be the standard for
the next generation of high definition televisions and to providing
OEMs with the most cost effective, high-resolution microdisplays in
the industry. For more information about SpatiaLight, please visit
the Company's website at: http://www.spatialight.com/ . About SCRAM
SCRAM Technologies, Inc. was established in 1998 to commercialize a
rear projection screen technology licensed through a technology
transfer from Brookhaven National Laboratory. As an adjunct to the
SCRAMscreen(R), SCRAM has also developed state of the art
proprietary optics and LED illumination systems. These components,
as well as their exceptional technical team, have allowed the
company to create advanced display solutions in military, consumer
and commercial vertical markets. About SI InfoComm SI InfoComm is a
leading Korean electronics systems manufacturer (mobile electronics
systems) that intends to be a leader in the promotion and marketing
of LCoS based miniaturized projection systems in Korea and Asia
Pacific. Safe Harbor Statement This news release includes
forward-looking statements that reflect SpatiaLight's current
expectations about its future results, performance, prospects and
opportunities. SpatiaLight has tried to identify these forward-
looking statements by using words and phrases such as "may,"
"will," "expects," "anticipates," "believes," "intends,"
"estimates," "plan," "should," "typical," "preliminary," "we are
confident" or similar expressions. These forward-looking statements
are based on information currently available to SpatiaLight and are
subject to a number of risks, uncertainties and other factors that
could cause SpatiaLight's actual results, performance, prospects or
opportunities in the remainder of 2007 and beyond to differ
materially from those expressed in, or implied by, these
forward-looking statements. These risks and uncertainties are
outlined in the Company's filings with the U.S. Securities and
Exchange Commission, including its most recent reports on Form 10-Q
and 10-K. DATASOURCE: SpatiaLight, Inc. CONTACT: SpatiaLight, Inc.,
+1-415-883-1693, or Web site: http://www.spatialight.com/
Copyright
Spatialight (NASDAQ:HDTV)
Historical Stock Chart
From Aug 2024 to Sep 2024
Spatialight (NASDAQ:HDTV)
Historical Stock Chart
From Sep 2023 to Sep 2024