SpatiaLight Enters Into Exclusive LCoS Supply Agreement With DeoCom Co., Ltd for High Definition Near-to-Eye 'Glasses'
January 23 2007 - 5:00PM
PR Newswire (US)
NOVATO, Calif., Jan. 23 /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 with Korean based DeoCom Co., Ltd. to be the
exclusive supplier of high-resolution imagers including all imagers
with resolutions at or above 800 x 600, or 480,000 pixels on the
display. Initial shipments of LCoS imagers will commence this
March. DeoCom, founded in Korea in 2000, is a developer and
manufacturer of innovative near-to-eye (NTE) display products and
is focused on selling near-to-eye high resolution display products
into the consumer and professional markets. DeoCom introduced its
first model of head mounted NTE displays in Korea in July of 2001,
and continues to be a leader in the industry. DeoCom has
commercialized products for the consumer, professional and military
marketplaces including its 2005 introduction of the Miraglos line
of NTE "glasses." The NTE market is large and varied with product
segments including: private viewing of television and DVDs, video
gaming, mobile computing, virtual reality, 3-D simulation, medical
imaging and treatment, industrial research & development, and
numerous military applications. Under the agreement, SpatiaLight
will be the exclusive supplier for three years to DeoCom for all
imagers with resolutions at or above 800 x 600 pixels. SpatiaLight
will begin to deliver increasingly larger volumes of its T-3S (the
single imager version of the T-3), 1920 x 1080p LCoS imagers to
DeoCom beginning in March of 2007. DeoCom has committed to purchase
monthly volumes of imagers and associated driver chip sets in March
with volumes of 1,000 units and increasing steadily through August
of 2007, and beyond. DeoCom will enjoy "most favored nation"
pricing for meeting or exceeding minimum volume thresholds. While
each company will be responsible for their respective engineering
and sample costs, SpatiaLight and DeoCom will engage in a 50/50
profit sharing arrangement for all gross profits above total
manufacturing cost for the new products. SpatiaLight and DeoCom
will work together in developing both single panel binocular and
dual panel stereoscopic models of 1920 x 1080p near-to-eye
"glasses" for the consumer and professional marketplaces.
Importantly, SpatiaLight and DeoCom will act to form a world-wide
NTE consortium to promote the DeoCom/SpatiaLight module as a
standardized subassembly solution for original equipment
manufacturers. The companies will work cooperatively to develop and
promote the market for a variety of high definition and
high-resolution display products in North America, Asia Pacific and
other mutually agreed upon regions for a defined period of time.
Mike Jin, SpatiaLight's Chief Technology Officer commented, "We are
excited to be working with DeoCom as they have an in-depth
knowledge of the NTE application area and its market opportunity,
as well as innovative enabling technologies and product development
experience. DeoCom's expertise will help us bring affordable
high-definition consumer and professional solutions to market. Our
LCoS panel technology is particularly well-suited for high-quality,
high-definition portable applications. Due to its low-frequency
hybrid digital/analog foundation, the products will be sufficiently
low in power consumption to enable portable battery-based operation
with full-HD resolution and offer the best video experience that we
are aware of at a consumer price point." David Hakala, SpatiaLight
Chairman and Chief Executive Officer added "This NTE agreement is
an entry into a new product category for SpatiaLight, and indicates
the flexibility of SpatiaLight's proprietary backplane design and
cell fabrication technology in addressing the needs of new market
segments." 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/ . About DeoCom DeoCom, founded in
Korea in 2000, is a developer and manufacturer of innovative
near-to-eye (NTE) display products. The Company is focused on
designing and selling near-to-eye high resolution display products
into the consumer, professional and military markets. DeoCom
introduced its first model of head mounted NTE displays in Korea in
July of 2001, and continues to be a leader in the industry. For
more information about DeoCom, please visit the Company's website
at: http://www.deocom.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/ Web site: http://www.deocom.com/
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