ESS Technology Announces DVD Recorder Platform
Thursday January 9, 7:15 am ET
FREMONT, Calif., Jan. 9 /PRNewswire-FirstCall/ -- ESS Technology, Inc. (Nasdaq: ESST - News), a leading provider of silicon solutions for digital video and digital home entertainment systems, announced the availability of the DVD recorder platform for the fast growing DVD+R/+RW recordable market.
The DVD recorder platform, based on ESS's advanced encoding and decoding silicon and software, offers manufacturers a comprehensive and cost-effective total system for rapid entry into the expanding DVD recorder market. With this announcement, ESS joins Microsoft, Philips, Ricoh, Thomson Multimedia, Sony Corporation and others in support of the DVD+R/+RW recording format.
"This new platform builds on our strong technical and market leadership in the digital entertainment market and enables manufacturers to build full-featured DVD recorders for under $400. We expect that this platform will help the DVD recorder market grow to the 32 Million units forecasted by InStat for 2006," commented Patrick Ang, executive vice president and chief operating officer at ESS Technology.
Mr. Ang went on to say, "ESS's built-in Time Based Correction (TBC) feature results in significantly better quality DVD recordings from VCR tapes, and we believe this is a must-have feature for DVD recorders to replace VCRs."
DVD recorders based on this platform offer consumers the ability to archive their existing VHS tapes to high-density DVD disks and expand their media library to include new content from TV's, digital cameras, camcorders, and other popular consumer devices. The platform is based on ESS's innovative low-cost, simple architecture that includes a full-featured MPEG-2 encoder coupled with a proven DVD decoder. The platform has interfaces for hard disk drives, DVD drives, as well as a 1394/DV port for fast, high quality archiving of camcorder video to DVD disks.
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. 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.
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Source: ESS Technology, Inc. |
