ESS news...
To: David Nadalin (1654 )
From: Steve Rafalo Tuesday, Nov 11 1997 4:43PM EST
Reply #1655 of 1655
Company Press Release
SOURCE: ESS Technology, Inc.
ESS Technology Announces VCD Design Win From Hyundai Electronics
FREMONT, Calif., Nov. 11 /PRNewswire/ -- ESS Technology, Inc. (Nasdaq: ESST - news) today announced the Multimedia Division of Hyundai Electronics has designed in ESS' ES3210 and ES3207 video CD solution for its new VCD player products.
''We are pleased to select ESS Technology's VCD solution because of the highly integrated and advanced features it offers,'' said Dr. Yum Huh, general manager and vice president of Hyundai's Electronics Multimedia Division. ''ESS provides a very good roadmap that addresses several segments of the VCD market and enables Hyundai to develop very competitive products in this market.''
''We are happy about Hyundai's selection of the ES3210 and ES3207 chips for its VCD player,'' said Johnston Chen, vice president Asia-Pacific sales at ESS Technology. ''The ability of Hyundai to quickly move from design to production shows the ease with which ESS' architecture can be adapted to new products, giving the customer quicker time to market.''
ESS' line of video CD chip solutions delivers state-of-the-art features that are desired by the consumer market. The ES3210 offers full video CD 2.0 support, zoom control, video image scaling, an advanced integrated power management system, and SmartStream(TM), which enables a scratched or damaged disk to be played. ESS uses its high-level integration capabilities to add more logic functions on the same chip solution, thereby reducing the system cost over competitive solutions by reducing the number of external components.
The Hyundai Electronics Multimedia Division is one of the pioneers in the worldwide video CD market and is one of the world's largest consumer electronics companies.
ESS Technology
ESS Technology, Inc. is a leading supplier of PC audio and digital video solutions for the PC and consumer markets. ESS designs, develops, and markets highly integrated mixed signal semiconductor and software solutions for multimedia applications. ESS, headquartered in Fremont, California, has sales and technical support offices in Austin and Houston, Texas; Irvine, California; Bellevue, Washington; Beijing and Shenzhen, China; Tokyo, Japan; Taipei, Taiwan; and Hong Kong. ESS Technology is listed on the Nasdaq Market System under the symbol ESST. World Wide Web site: esstech.com
The matters discussed in this news release include certain forward looking statements that involve risks and uncertainties, including the timely availability and acceptance of new products, the impact of competitive products and pricing, the dependence on continued growth in demand for PC and consumer multimedia products, the management of growth of the company, and the other risks detailed from time to time in the SEC reports of ESS, including the report on Form 10-K for the year ended December 31, 1996 and Forms 10-Q for the quarters ending March 31, 1997 and June 30, 1997. Actual results could differ materially from those projected in the forward-looking statements.
SOURCE: ESS Technology, Inc.
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