News today...
BURNABY, British Columbia--(BUSINESS WIRE)--Dec. 1, 1998--
Spectrum Signal (NASDAQ:SSPIF.O) (TSE:SSY.) Spectrum Signal Processing
Inc. (NASDAQ/NMS:SSPIF.O) (TSE:SSY), the industry leader in
high-performance DSP systems, today announced that Eastman Kodak
Company (NYSE:EK.N), has designed Spectrum's 'C6x-based 'Detroit'
product into their revolutionary Digital Lab System, a new high-speed
digital photofinishing system for retail photo lab stores. Spectrum's
product will be a key DSP component providing real-time image
processing for Kodak's Digital Lab System, which was unveiled
September 16, 1998 at the PhotoKina Trade Conference in Cologne,
Germany. As a result of Kodak's decision to design-in the Detroit,
Spectrum was required to qualify as a 'certified supplier'. After a
review of the Company's delivery and quality systems Spectrum is now
an approved vendor. It is expected that this design-in, coupled with
the certified supplier designation, will lead to volume orders of the
Detroit product.
Eastman Kodak Company, the world leader in imaging, is a new
commercial OEM customer for Spectrum. Orders have been received for
over 50 DSP products for use in prototype and pre-production units of
the Digital Lab System, which will be available worldwide to Retail
Photo Labs in mid-1999. Spectrum expects to begin shipping volume
quantities to Kodak at that time, as the manufacture of these
state-of-the-art systems commences.
Mark Warda, Purchasing Strategy Manager, Strategic Commodity
Sourcing at Kodak states, "Kodak was very impressed with Spectrum's
quality management system and we are pleased to recognize Spectrum as
a certified supplier. This certification process is only completed for
vendors that will be supplying Kodak with key components for products
we expect to manufacture in high volumes." Warda adds, "Our
prototyping process has shown that Spectrum's high-performance Detroit
DSP product meets our rigorous performance and quality standards,
securing Spectrum's position as a key component supplier."
These newly developed Digital Lab Systems incorporate Spectrum's
leading-edge DSP products, which will increase the speed, resolution
and scaleability of Kodak's photo development system, and will support
efficient upgrades and migration to future technologies. Kodak's
Digital Lab System consists of a high-resolution scanning process that
can capture up to 1,080 scans per hour at 6 million pixels per 35mm
frame. A highly sophisticated photo printing and outputting system is
also included, which combines Spectrum's DSP technology, lasers, and a
precise scanner to produce a printing system that can achieve
remarkably sharp text and images and true 512 dpi printing for all
images.
"We are extremely pleased that Eastman Kodak Company -- an
industry leader, chose Spectrum's Detroit product as the DSP component
for their new digital photo processing systems. We pride ourselves on
providing leading-edge DSP products which contribute to increasing the
performance, modularity and scaleability of our OEM customers' end
products," states Barry Jinks, President and CEO at Spectrum.
Spectrum Signal Processing is the leading worldwide supplier of
DSP system solutions. The company offers DSP software, off-the-shelf
hardware, custom ASIC design and complete custom systems. Customers
such as Nortel, Boeing, Hewlett Packard, Northrop Grumman, NEC, Daewoo
Telecom, Siemens Medical Systems, the US Department of Defense and
Lockheed Martin benefit from Spectrum's innovative, programmable DSP
products, by gaining competitive advantages such as faster time to
market and low-cost feature set upgradeability. Spectrum Signal
Processing is publicly traded on NASDAQ NMS under the symbol SSPIF and
on the TSE under the symbol SSY. The company is ISO 9001 quality
certified, can be found on the web at spectrumsignal.com,
and is located at No. 100 - 8525 Baxter Place, Burnaby, B.C., Canada.
ph (604) 421-5422; fax (604) 421-1764.
Any statements made by the company that are not historical facts
are forward-looking statements that are pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements involve risks and uncertainties, including
the timely development and acceptance of new products, the impact of
competitive products and pricing, changing market conditions and the
other risks detailed in the company's prospectus and from time to time
in other filings. Actual results may differ materially from those
projected. These forward-looking statements represent the company's
judgment as of the date of this release. The company may or may not
update these forward-looking statements in the future.
--30--cdt/clv*
CONTACT: Spectrum Signal Processing Inc.
Karen Elliott, 604/421-5422
Email: Karen_Elliott@spectrumsignal.com
KEYWORD: CALIFORNIA
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS COMED
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