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Microcap & Penny Stocks : PixTech (PIXT) Field Emission Displays -- Ignore unavailable to you. Want to Upgrade?

To: A.J. Mullen who wrote (196)	11/23/1999 8:53:00 AM
From: Joe Griffin	Read Replies (1) \| Respond to of 213

PixTech Announces Delivery of 12.1'' Fed to U.S. Army SANTA CLARA, Calif.--(BUSINESS WIRE)--Nov. 23, 1999--PixTech, Inc. (Nasdaq:PIXT - news; EASDAQ:PIXT) today announced the delivery of the first 12.1-inch Field Emission Display (FED) to the U.S. Army under the DARPA (Defense Advanced Research Projects Agency) contract. This delivery comes just three months after the contract obligations were transferred from Micron Technology to PixTech. This 12.1-inch monochrome FED is video rate capable, provides 6 bit/64 shades of gray and has 800 x 600 resolution. With this delivery, PixTech has taken another step toward the development and delivery of a 12.1-inch full color FED with 1024 x 768 resolution for evaluation and potential use in the Abrams tank and other military applications. James J. Cathey, vice president Worldwide Sales and Marketing for PixTech, commented, ''This is a strategic delivery for Pixtech. It provides a solid base for the ultimate future deliverables under this contract, which are higher resolution and full color. It also shows the successful integration of Pixtech and Micron Technology's FED technologies.'' Roger Labataille, U.S. Army, project manager (acting), Ground Systems Integration, ''The U.S. Army is eager to evaluate this new promising display technology that has the potential to eliminate many of the display integration issues we have seen in the past. Supporting technology advancements, like PixTech's field emission displays, that have the potential to improve a soldier's situational awareness, is critical to maintaining a military advantage.'' On May 19, 1999 PixTech acquired Micron Display, A Division of Micron Technology which previously held the development contract. This contract was novated to transfer obligations from Micron Technology. 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, an R&D facility in Boise, Idaho, and has offices in Boise), Santa Clara, and Rousset (France). 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, the exclusive distributor in Japan. More information is available from the company's web site at pixtech.com. Statements that are not historical facts, including statements about PixTech's confidence and strategies, 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 1998 and any subsequent filings.