SpatiaLight Announces Substantial Increase in Production Capacity Enabled by Move to Sample Testing of Imager Sets
31 Juli 2006 - 3:00PM
PR Newswire (US)
NOVATO, Calif., July 31 /PRNewswire-FirstCall/ -- SpatiaLight, Inc.
(NASDAQ:HDTV), a leading developer and manufacturer of ultra
high-resolution liquid crystal on silicon (LCoS) microdisplays for
the high definition television market, today announced that it has
moved to sample testing of its six million pixel 1080p imager sets
from 100% testing of certain product characteristics. These tests
have been performed in order to validate meeting demanding customer
expectations in a consistent and reliable manner. This change will
go into effect immediately. Consequently, the Company expects to be
able to initiate production ramp in September to quickly reach
levels of several thousand imager sets per month from the current
maximum of 1,000 imager sets per month. David Hakala, Chief
Operating Officer of SpatiaLight, explained, "We have compiled a
sufficient volume of data establishing a high-level of process
capability so that we can now confidently move to sample testing
from 100% testing, eliminating a production bottleneck." Until now,
the 100% level of testing has inhibited SpatiaLight's ability to
deliver product in quantity to LG Electronics and other customers.
The time required to do the testing has taken an average of almost
seven man-hours per imager set shipped. Devoting that much time to
each and every imager set shipped meant that over 50% of the plant
personnel were involved in final product testing rather than in
actual production. Under these conditions the Company has been able
to deliver fewer than 1,000 sets per month. Hakala said, "LG
Electronics has recently told us of its intent to move into the
U.S. market with LCoS based televisions in the 4th quarter of 2006,
shortly after we demonstrate adequate quality and delivery
consistency. This shift in testing procedures enables precisely
that opportunity to enter the U.S. market by enhancing our ability
to move up the ramp curve. I am pleased to say that we believe this
major milestone at last marks the transition of our Company from an
R&D and low volume production mode to a firm capable of
producing and supplying commercial volumes of our exciting high
definition displays." About SpatiaLight SpatiaLight, Inc., founded
in 1989, manufactures high-resolution LCoS microdisplays for use in
high definition televisions and other display applications.
Providing resolution of more than 6.2 million pixels, each
SpatiaLight LCoS Set incorporates three proprietary imagEngine(TM)
microdisplays. The company manufactures its products at its
facility in South Korea. The company is committed to developing
microdisplay technologies that will be the standard for the next
generation of high definition televisions, and to providing OEMs
with the most cost effective, high-resolution microdisplays in the
industry. For more information about SpatiaLight, please visit the
company's website at: http://www.spatialight.com/ . Safe Harbor
Statement This news release includes forward-looking statements
that reflect SpatiaLight's current expectations about its future
results, performance, prospects and opportunities. SpatiaLight has
tried to identify these forward- looking statements by using words
and phrases such as "may," "will," "expects," "anticipates,"
"believes," "intends," "estimates," "plan," "should," "typical,"
"preliminary," "we are confident" or similar expressions. These
forward-looking statements are based on information currently
available to SpatiaLight and are subject to a number of risks,
uncertainties and other factors that could cause SpatiaLight's
actual results, performance, prospects or opportunities in the
remainder of 2006 and beyond to differ materially from those
expressed in, or implied by, these forward-looking statements.
These risks and uncertainties are outlined in the company's filings
with the U. S. Securities and Exchange Commission, including its
most recent reports on Form 10-K/A and Form 10-Q. Readers are
cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date that they were made.
SpatiaLight does not undertake any duty to update these forward-
looking statements, or any other information provided in this press
release, unless required by law. DATASOURCE: SpatiaLight, Inc.
CONTACT: Michael J. Porter of Porter, LeVay & Rose, Inc.,
+1-212-564-4700, or , for SpatiaLight, Inc. Web site:
http://www.spatialight.com/
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