Another partnership on A/V Hard Disk Drives, this time with Panasonic for High Definition TV.
biz.yahoo.com
Monday March 8, 9:07 am Eastern Time
Company Press Release
Panasonic Partners With Quantum to Utilize Audio/Video Hard Disk Drive
Technology in High Definition TV Application
Joint Demonstration Of Quantum QuickView at National Association of Broadcasters Show in April; Companies to Cooperate on Additional AVHDD-enabled Products
MILPITAS, Calif.--(BUSINESS WIRE)--March 8, 1999-- Quantum Corp. (NMS:QNTM) and MEI/Panasonic today announced the completion of a
development project incorporating Quantum QuickView digital storage technology in a Panasonic High-Definition Television (HDTV) application.
The successful design will be the first demonstration of Quantum QuickView that enables an HDTV receiver to record in multiple HD formats and to immediately access any recorded content. The demonstration will be shown by both Panasonic and Quantum at the National Association of Broadcasters Show April 19-22 in
Las Vegas.
Development work between Matsushita Electric Industrial Co. (MEI), its subsidiary Matsushita Kotobuki Electronics Industries Ltd. (MKE), and Quantum is expected to result in a series of AVHDD-enabled Panasonic products available to consumers beginning this year.
Panasonic expects the first product to be a home video editing console with unique image control functions enabled by AVHDDs. Later, the company plans to offer other products that take advantage of the AVHDD potential, including an HDTV receiver with pause, instant replay, fast, noiseless searching, and extended time recording of satellite and other broadcasts.
Soon movies, music, games, and other types of entertainment or educational programs could be sent to consumers in the form of large, digital files via digital set top boxes (STB) from a variety of sources, including digital broadcasts and full-motion images from the Internet. Quantum QuickView represents a medium to allow
users to store these programs and also allow them to gain access to the content easily and conveniently.
"This is another significant milestone in the acceptance of Quantum QuickView technology by the global consumer electronics industry," said John Gannon, president of Quantum's Hard Disk Drive Group. "Our development work with Matsushita and the resulting product demonstrations in April at the NAB show give us confidence that the time is right for this digital recording technology in a variety of consumer applications."
Quantum QuickView digital storage technology is based on hard disk drives that can be installed in a TV set-top box, television set, or digital VCR. Quantum QuickView makes random access recording and playback possible. So instead of a VCR winding its way through hundreds of feet of tape, Quantum QuickView technology enables instant rewind, slow motion, even pause of live broadcast television.
"We are confident that our relationship with Quantum will allow Panasonic to deliver exciting new features to our customers," said Dr. Yoshitomi Nagaoka, director and board member of MEI. "Quantum shares our vision that AVHDDs provide tremendous value to consumer electronic products."
About Quantum
Founded in 1980, Quantum Corp. (www.quantum.com) is a diversified mass storage company with leadership positions in both fixed and removable storage markets. Quantum is the highest volume global supplier of hard disk drives for personal computers, a leading supplier of high capacity hard drives and the worldwide revenue leader among all classes of tape drives. The company sells a broad range of storage products to OEM and distribution customers worldwide. Quantum's
sales for the fiscal year ending March 1998 were $5.8 billion
About MEI
Based in Osaka, Japan, and best known by its Panasonic brand, Matsushita Electric Industrial Co., Ltd. is one of the world's leading producers of electronic and electric products for the home, the office and in between. Consolidated annual sales for the fiscal year ended March 31, 1998 reached a record 7,890.7 billion yen (US$59.78 billion). Matsushita has more than 275,000 employees worldwide, with overseas operations that include over 220 companies in 46 countries and regions. Matsushita's products are marketed worldwide under the Panasonic, Technics, Quasar and National brand names.
About MKE
Matsushita Kotobuki Electronics Industries, Ltd. is a wholly-owned subsidiary of MEI, and specializes in the manufacturing of optical/hard/floppy disk drives, combination TV, video cameras and heating equipment.
The foregoing statements regarding future technology, products incorporating that technology, the anticipated performance, capabilities and estimated availability of future products, as well as the potential market acceptance and impact of the new products are forward looking statements and actual results could vary. Factors
which could affect actual results include the success of the ongoing technology development efforts, the ability to successfully integrate new technology into products in a cost-effective manner, the ability to successfully manufacture and distribute new products at sufficient volume, quality and reasonable cost, the timing of new product introductions, competition and the significant uncertainty of market acceptance of new products.
Note to Editors: Quantum and the Quantum logo are trademarks of Quantum Corp., registered in the United States and other countries. Quantum QuickView and the Quantum QuickView logo are trademarks of Quantum Corp.
An advisory will be provided in early April with specifics of the NAB show and information on booths where the Panasonic implementation of Quantum QuickView will be demonstrated. |
