Another on ebites the dust...
Malata (Former(?) Cube customer).
Wednesday March 24, 6:00 am Eastern Time
Company Press Release
SOURCE: ESS Technology, Inc.
ESS Super VCD Success Continues With Design Win at Malata
FREMONT, Calif., March 24 /PRNewswire/ -- ESS Technology, Inc. (Nasdaq: ESST - news) today announced that Malata Electronic Co., Ltd. (Malata) has selected the ES4108, ESS's MPEG2 digital video solution, for its main Super VCD product line.
Malata is recognized as a high quality VCD manufacturer and a leading supplier of Digital Satellite Set-Top Boxes in China. Malata has over 3,000 employees and has recently been recognized by the Chinese government for its state-of-the-art manufacturing equipment and technologies for consumer electronic production. With over 3 million VCD units shipped in 1998, Malata is ranked as one of the top-2 manufacturers of digital video players in China.
Commenting on the ES4108 design win, Mr. Wu Hwai Tian, General Manager of Malata said, ''Our reputation for quality is well known in China and is very important to us. We believe that the selection of the feature-rich ES4108 in our flagship Super VCD products will allow Malata to maintain that standard and will give us a competitive edge in the Chinese marketplace.''
''We are pleased by our Super VCD success, as reflected by this new design win from Malata,'' stated Johnston Chen, Vice President of Consumer Products. ''Key design wins such as these help us grow our position as the leader in the Chinese digital video market.''
Malata joined the distinguished group of leading VCD manufacturers that have recently adopted ESS's ES4108, including Gynco, Gio-Yu, Hiteker (Jiang-Qui/Hong Tu), Jian Hai, QiSheng, Panda, Sunstar (Alliance), Ultmost, Wyan, XinTianLi and Yu-Xin.
ESS Technology, Inc.
ESS Technology, Inc. supplies Internet, modem, PC audio and digital video solutions for the Internet, PC and consumer markets. ESS designs, develops, and markets highly integrated mixed signal semiconductor, hardware, software and system solutions for Internet, PC and 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; Seoul, Korea; and Hong Kong. ESS Technology is listed on the Nasdaq Market System under the symbol ESST. World Wide Web site: esstech.com.
NOTE: The matters discussed in this news release include certain forward looking statements that involve risks and uncertainties, including, not limited to, the timely availability and acceptance of the Company's new products, the impact of competitive products and pricing, the dependence on continued growth in demand for PC and consumer multimedia products, as well as the other risks detailed from time to time in the SEC reports of ESS, including the reports on Form 10-K and Form 10Q. Actual results could differ materially from those projected in the forward-looking statements.
SOURCE: ESS Technology, Inc.
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