PixTech Announces Joint Development Agreement
With Large CRT Manufacturer
Cooperative Agreement Focuses on 15-20" Flat CRT's
Company Demonstrates World's First 15" FED Color Display
SANTA CLARA, Calif., and ROUSSET, France, Feb. 9 /PRNewswire/ -- PixTech, Inc. (Nasdaq: PIXT - news) today announced it has entered into a joint development program with one of the world's largest Japanese CRT manufacturers. Under the terms of the agreement the parties will share certain technologies and intellectual property with the specific goal of developing a 15-inch ''flat CRT'' prototype for multi-media desk top computer applications using field emission technology.
Dieter Mezger, PixTech's President and CEO, stated, ''This agreement represents the opportunity to combine our Japanese partner's extensive CRT development and manufacturing experience with PixTech's leading FED technology. We believe that this is a major step toward FED application for large screens.''
In addition, PixTech announced it demonstrated several prototypes of the world's first 15'' FED Color Display during the Display Works Conference in San Jose on Feb. 3, 1999. The company had previously announced the fabrication of these displays on December 18, 1998.
''Today's announcement represents a continuation of this work by merging FED and CRT technology and we believe it has the potential to expedite the development cycle of a ''flat'' alternative to today's large CRT monitor,'' Mr. Mezger continued.
About PixTech, Inc.
PixTech designs, develops and manufactures field emission displays (FEDs), a new type of flat-panel display. The Company operates a flat-panel display pilot manufacturing facility in Montpellier, France and an R&D facility and sales office in Santa Clara, Calif. PixTech is currently developing high-volume manufacturing capabilities for its FEDs in Taiwan, under a contract manufacturing arrangement with Unipac, a Taiwanese AM-LCD manufacturer. PixTech has also established a marketing partnership with Sumitomo Corporation, its exclusive distributor in Japan. More information is available from the Company's
web site at www.pixtech.com.
Statements that are not historical facts, including statements about PixTech's confidence and strategies, the timing of its manufacturing plans with Unipac, and its distribution agreement with Sumitomo, the development of new or existing products, technologies and opportunities, marked demand or acceptance of new or existing products are forward-looking statements that involve risks and uncertainties. These uncertainties include but are not limited to, the risk associated with transitioning to high volume manufacturing of FED displays at Unipac, product demand and market acceptance risks, commitment of Unipac and/or of PixTech licensees, ability of the Company to grant other licenses under FED technology, validity and enforceability of PixTech's patent rights, infringement by PixTech of other patent rights, impact of competitive product and prices, product development, commercialization or technological delays or difficulties, trade, legal, social and economic risks detailed in PixTech's Securities and Exchange Commission filing including its form 10-K for the year 1997 and any subsequent filings.
SOURCE: PixTech, Inc. |
