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Technology Stocks : ESST-the new beginning.

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To: SemiBull who wrote (3381)7/1/2002 7:40:33 PM
From: SemiBull  Read Replies (1) of 3493
 
Denon DVD-A1 Player With ESS Technology Vibratto DVD Chip Receives '5 Star Rating' and Other Awards

DVD-A1 Player With ESS's Technology Brings Digital Home Entertainment To A Higher Level

FREMONT, Calif., July 1 /PRNewswire-FirstCall/ -- ESS Technology (Nasdaq: ESST - News) a leading provider of silicon solutions for digital audio and video, digital home entertainment systems, and home networking solutions announced today the new Denon DVD-A1 DVD player, powered by ESS's ES6038 Vibratto(TM) DVD chip, has been labeled "one of the most technically sophisticated players on the planet" by "Tomorrow's Technology Today" (T3) magazine and was awarded a five-star rating for its cutting-edge features.

The Denon DVD-A1 player (also known as the DVD-9000 in the North American market), provides stunning picture quality with its Progressive-Scan video output and outstanding audio quality with its support of the advanced DVD-Audio format. The DVD-A1 player offers surround sound capability of up to 6 independent channels of 96-kHz 24-bit audio and 2-channel resolution of 192-kHz 24-bit audio. This enhanced player supports Linear Pulse Code Modulation (LPCM) audio decode, audio watermark detection, and Copy Protection for Prerecorded Media (CPPM). Using the ESS ES6038, the Denon DVD-A1 player offers SCART RGB, composite, and S-Video output as well as being able to play DVD-Video, DVD-Audio, CD, Video CD, and Kodak Picture CD.

The Denon DVD-A1 player has also won other awards including: "HiVi Audio Visual Magazine" in Japan, which awarded the Denon player the Summer 2002's First Place Best Buy award for high-end DVD players, and "Stereo Magazine" in Japan rated the Denon DVD-A1 player as the Prime DVD-Audio player in its class of high-end players.

Ryo Okazeri, deputy manager of Denon Ltd. stated, "Denon is exited about the success of the DVD-A1 player meeting our customers' demands for high-quality video and audio. The outstanding engineering expertise and support from ESS, together with the superior features of the ESS Vibratto chip, made it possible to meet our market objectives."

Patrick Ang, executive vice president and chief operating officer at ESS Technology stated, "ESS's superb audio and video technology is again demonstrated with the Denon DVD-A1 player. The advanced technical features of the ESS's Vibratto chip family are well suited for mass-market players as well as for high-end digital entertainment systems. As the digital video market leader, ESS continues to meet the demands from our customers for the highest possible quality for both audio and video."

About Denon, Ltd.

From its beginning in 1910 as a manufacturer of single-side disc records and gramophones, Denon has become a world leader in the manufacture of high quality audio and audio/video equipment and software products for the entertainment and information industries. Our professional-use and consumer-use equipment and software products are recognized internationally for their originality and standards of quality, durability and innovation. Denon is recognized internationally as Japan's leading manufacturer of high-quality audio and audio-visual products, and is the only company in the industry involved in the development and production of both hardware and software. Denon's web site address is: denon.com .

About ESS Technology

ESS Technology, Inc., is a leading supplier of high-performance feature-packed chips for the rapidly expanding DVD and digital entertainment markets. The company is also a leading provider of solutions for applications in the growing consumer entertainment market. ESS provides advanced products that enable the emergence of digital home systems that deliver and manage entertainment and information in the home.

ESS, headquartered in Fremont, California, has R&D, sales, and technical support offices worldwide. ESS Technology's common stock is traded on the Nasdaq under the symbol ESST. ESS Technology's web site address is: esstech.com .

The matters discussed in this news release include certain forward-looking statements that involve risks and uncertainties, including, but not limited to, the impact of competitive products and pricing, the timely availability and acceptance of the Company's new products, the dependence on continued growth in demand for consumer multimedia products, and the other risks detailed from time to time in the SEC reports of ESS, including the reports on Form 10-K and Form 10-Q. Actual results could differ materially from those projected in the forward-looking statements.

NOTE: Vibratto is a trademark of ESS Technology. All other trademarks used in this news release are the property of their respective owners.

SOURCE: ESS Technology
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