Clarion Selects ESS Technology's DVD Chip for Automobile DVD Players
Companies to Cooperate in the Development of DVD Players for Automobile Applications
FREMONT, Calif., July 29 /PRNewswire-FirstCall/ -- ESS Technology (Nasdaq: ESST - News), a leading provider of silicon solutions for digital video, digital home entertainment systems, and home networking solutions, and Clarion, a world-leading automobile multimedia and communication Japanese systems manufacturer, announced today that they have formed a long-term strategic partnership.
Clarion will incorporate ESS DVD chips in multiple automotive DVD product families. The first family includes Clarion's DVD Center-Unit, which is an all-in-one player that includes a Liquid Crystal Display (LCD) screen and AM/FM 5.1 channel audio receiver. The next product family comprises Clarion's 6-disk DVD autochanger models. Both families are DVD-Video, Video-CD, CD-DA (CD-TEXT), CD-R/RW, and MP3 disk format compatible.
Mr. Yasuhiko Nakagawa, Director, Officer, General Manager of the Products Strategy Division of Clarion stated, "We are seeing a continued increase in the demand for DVD players in automobiles worldwide. Our new Automotive Multimedia products with the ESS DVD chip combine outstanding high-quality audio and video performance with a large selection of features. ESS is the leader in DVD products and continues to be the first supplier to release the latest features demanded by end customers. We foresee high-growth opportunities for both companies in the fast-growing worldwide automotive DVD market."
Patrick Ang, executive vice president and chief operating officer at ESS Technology stated, "Clarion is a leading producer of high-quality automotive products worldwide. We are excited to announce that Clarion has selected our feature-rich, DVD technology for their new DVD Center-Unit and DVD autochanger lines of automotive players. The use of our advanced DVD technology in Clarion's Multimedia players will make it possible for consumers to experience theatre-quality video and audio digital entertainment in their automobiles. The long-term world-wide market for automotive DVD products is exiting and growing rapidly."
About Clarion
Clarion, headquartered in Tokyo, had its beginnings in 1940, when the Hakusan Wireless Electric Company began to manufacture and sell battery-operated radios for household use. The company launched the Clarion brand in 1947 and became the first car radio maker in Japan around 1948. Since then, Clarion has become the leading supplier of audio equipment to car manufacturers worldwide. In its dedication to improve the industry with cutting-edge technology for the car, in 1995, Clarion originated a whole new category in electronics: Car Multimedia. The concept is based on the idea that people should be able to expect more from the time in their cars than just transportation from point A to point B. Clarion has found a way to integrate audio, video, entertainment, navigation, and communication features into a comprehensive system, easily accessible and easily operated in the mobile environment. For additional information on Clarion, visit their web site at: clarionmultimedia.com .
About ESS Technology
ESS Technology, Inc., is a leading supplier of high-performance feature-rich 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 solutions 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: All trademarks mentioned in this news release are owned by their respective holders and are used in this news release for identification purposes only.
SOURCE: ESS Technology, Inc. |
