Three-Five & Qualcomm>
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THREE-FIVE SYSTEMS, INC. ANNOUNCES THAT IT HAS BEEN
SELECTED TO
Work With Qualcomm, Inc. On a Design for Liquid Crystal Display Modules
Business Editors/High-Tech Writers
TEMPE, Ariz.--(BUSINESS WIRE)--April 22, 1999--Three-Five Systems, Inc. (NYSE: TFS) today
announced that it has been selected to work with Qualcomm, Inc. (NAS: QCOM) on a design for
liquid crystal display (LCD) modules to be used in Qualcomm's fifth generation, digital cellular
telephone application. Company officials stated the order calls for beginning shipments later this
year, pending qualification by Qualcomm of first production units. The final units will contain a
liquid crystal display, display electronics and a backlighting system.
Company President and CEO David R. Buchanan stated, "This program is important to us for two
reasons. First, it demonstrates our ability to provide a high level of engineering support. I believe
our ability to respond quickly with our U.S.-based design team was instrumental in securing the
order." "Second, this is our first major program with Qualcomm, a multi-billion dollar leader in the
international cellular telephone marketplace. Qualcomm is a technology innovator, and we are
looking forward to a relationship that will allow both companies to capitalize on growing markets
and display technology advancements."
The display module from Three-Five Systems will be incorporated into a CDMA digital cellular
telephone for distribution in the Americas and other CDMA markets. CDMA is a digital wireless
communications standard.
Three-Five Systems, Inc. is a recognized leader in the design and manufacture of liquid crystal
display (LCD) modules for OEM customers in the communications, medical electronics, industrial
process control, wireless data collection and office automation marketplaces. At its Tempe,
Arizona headquarters, Three-Five operates the highest volume LCD manufacturing line in North
America and a R&D laboratory dedicated to advanced display technologies. The Company has
developed three proprietary display technologies: LCiD(TM) (Liquid Crystal intense Display);
LCaD(TM) (Liquid Crystal active Drive); and LCoS(TM) (Liquid Crystal on Silicon) microdisplays.
The Company's web site is located at www.threefive.com.
Certain statements contained in this document regarding future relationships and orders may be
deemed to be forward-looking statements under federal securities laws, and Three-Five Systems
intends that such forward-looking statements be subject to the safe-harbor created thereby.
Three-Five Systems cautions that these statements are qualified by important factors that could
cause actual results to differ materially from those reflected by the forward-looking statements
contained herein. Such factors include, but are not limited to, a) changes in the markets for the
company's products, b) changes in the market for customers' products, c) the failure of key
technologies to deliver commercially acceptable performance, and other risks as detailed from
time to time in Three-Five Systems' SEC reports, including Quarterly Reports on Form 10Q, Current
Reports on form 8-K and Annual Reports on Form 10-K.
NYSE/AMEX delayed 20 min. NASDAQ delayed 15 min. |
