SpatiaLight Announces the Addition of Robert C. Munro to Audit Committee
03 February 2007 - 7:45AM
PR Newswire (US)
NOVATO, Calif., Feb. 2 /PRNewswire-FirstCall/ -- SpatiaLight, Inc.
(NASDAQ:HDTV), a leading developer and manufacturer of ultra
high-resolution Liquid Crystal on Silicon (LCoS) microdisplays,
announced today that Robert C. Munro has joined the Audit Committee
of the Board of Directors of SpatiaLight, filling the vacancy left
by the retirement of Lawrence J. Matteson on December 31, 2006.
SpatiaLight is now in compliance with NASDAQ's Audit Committee
guidelines by having a committee consisting of three independent
directors as required by Marketplace Rule 4250. "We are pleased to
have Robin join the Audit Committee. He will be a valuable asset to
the Company in this capacity and we appreciate his continued
support," said David Hakala, SpatiaLight Chairman and Chief
Executive Officer. About SpatiaLight SpatiaLight, Inc., founded in
1989, manufactures high-resolution LCoS imagers for use in
high-definition display applications such as rear projection
televisions, monitors, front projection systems, near-to-eye
applications, micro-projectors and other display applications. The
company's primary manufacturing facility is located 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/. 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 Web site:
http://www.spatialight.com/
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