To: Black-Scholes who wrote (46575 ) 10/27/1999 3:41:00 PM From: DiViT Read Replies (1) | Respond to of 50808
Food for Andy: ESS Announces DVD Design Win at DENON in Japan FREMONT, Calif., Oct. 27 /PRNewswire/ -- ESS Technology, Inc. (Nasdaq: ESST - news) announced today that DENON (Nippon Columbia Co., Ltd.) has selected the ES4308 solution to power their 1500 series of DVD players. DENON is recognized as Japan's leading manufacturer of high quality audio, audio/video equipment and software products for the entertainment and information industries. DENON will be introducing the DVD-1500 players next month at the beginning of the consumer-buying season. Audio features include 24 bit/96-kHz audio playback, enhanced digital filters, one optical and one coaxial digital output that can feed either Dolby Digital or DTS bitstreams to an outboard decoder. Video features include multiple playback speeds in forward and reverse, 10-bit video DAC, concurrent component video, S-video, and composite-video outputs. The DVD-1500 player is compatible with various disc formats including DVD, CD, CD-R, and VCD. ''We are pleased to partner with ESS, a leader in digital video technology, to deliver our state-of-the-art DVD players for this Christmas season,'' stated Stephen Baker, Vice President of Sales and Marketing at DENON. ''We expect strong acceptance with the DVD-1500 players which will target major retail channels in the US, Europe, and Japan.'' ''We are excited that DENON has selected our solution to power its flagship DVD products,'' said Johnston C. Chen, Vice President of Consumer Products and Internet Appliance Group at ESS. ''ESS will continue to be a leader in the digital video frontier with our advanced technology and strive to provide the most compelling home entertainment experience for the consumer.'' ESS Technology ESS Technology, Inc., a leader in Internet, communications, PC audio and digital video, provides advanced products enabling the convergence of communications, computer, consumer, and Internet markets. ESS's wholly owned subsidiary, ViAlta.com, Inc. plans to introduce advanced, user friendly products and applications for the Internet. Products will include multimedia appliances, applications and content for the Internet, which enable the user to experience new levels of entertainment and e-Commerce. ESS, headquartered in Fremont, California, has R&D, sales, and technical support offices worldwide. ESS Technology's common stock is traded on the NASDAQ under the symbol ESST. ESS's web site address is: esstech.com 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.