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Below is a cut and paste from Yahoo News. This will put pressure on the other TV set manufacutres to lower pricing as well.
Tom
Tuesday November 13 9:35 PM ET
HDTV Supplier SpatiaLight Cuts Deal
NOVATO, Calif. (AP) - High-definition television equipment supplier SpatiaLight Inc. announced Tuesday that a major Chinese electronics manufacturer has agreed to use the company's microdisplay devices in an effort to improve the picture quality of rear-projection TVs.
China Electronics Corp., a government-backed conglomerate, will make up to 300,000 rear-projection TVs that use SpatiaLight's ``liquid crystal on silicon,'' or LCoS display devices. Novato-based SpatiaLight touts its technology as a way to improve the picture quality of high-definition TV while also dramatically lowering the sales price.
A 52-inch rear projection TV using LCoS will cost about $3,500, SpatiaLight Chairman Larry Matteson estimated.
The CEC deal could generate the first substantial revenue for SpatiaLight after a decade in research and development. CEC plans to make 2,000 TVs using SpatiaLight's technology next year before expanding to 60,000 TVs in 2003 and 200,000 TVs in 2004. The production targets could bring SpatiaLight more than $410 million in revenue during the next three years, the company said.
SpatiaLight's shares dipped 5 cents to close at $3.39 Tuesday on the Nasdaq Stock Market.
Tom
Tuesday November 13 9:35 PM ET
HDTV Supplier SpatiaLight Cuts Deal
NOVATO, Calif. (AP) - High-definition television equipment supplier SpatiaLight Inc. announced Tuesday that a major Chinese electronics manufacturer has agreed to use the company's microdisplay devices in an effort to improve the picture quality of rear-projection TVs.
China Electronics Corp., a government-backed conglomerate, will make up to 300,000 rear-projection TVs that use SpatiaLight's ``liquid crystal on silicon,'' or LCoS display devices. Novato-based SpatiaLight touts its technology as a way to improve the picture quality of high-definition TV while also dramatically lowering the sales price.
A 52-inch rear projection TV using LCoS will cost about $3,500, SpatiaLight Chairman Larry Matteson estimated.
The CEC deal could generate the first substantial revenue for SpatiaLight after a decade in research and development. CEC plans to make 2,000 TVs using SpatiaLight's technology next year before expanding to 60,000 TVs in 2003 and 200,000 TVs in 2004. The production targets could bring SpatiaLight more than $410 million in revenue during the next three years, the company said.
SpatiaLight's shares dipped 5 cents to close at $3.39 Tuesday on the Nasdaq Stock Market.