SpatiaLight Announces Production Progress as Output Accelerates
05 September 2006 - 3:00PM
PR Newswire (US)
NOVATO, Calif., Sept. 5 /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, announced today that in
August, the Company began shipping LCoS imagers manufactured under
its standardized process and employing sample testing methods. On
July 31st, 2006, SpatiaLight announced that it moved to sample
testing of its six million pixel 1080p imager sets from 100%
testing of certain product characteristics. These tests created a
significant manufacturing bottleneck and were performed to validate
the consistency and reliability of demanding customer expectations.
In August, after the first week, which was a national Korean
holiday, considerable time was spent on redeployment and retraining
of more than 50% of the 102 employees at the Company's
state-of-the-art manufacturing facility in South Korea, SpatiaLight
Korea, Inc. These employees were involved in the laborious 100%
testing process and have now been retrained for production
processes and have been deployed to continue ramping production
volumes. In August, the Company shipped 458 LCoS imager chipsets
and expects month over month production volumes to grow
dramatically throughout the year and into the First Quarter. The
Company expects to ship in excess of 800 LCoS imager chipsets in
the month of September and to continue growth in production numbers
at a similar percentage rate throughout the end of the year as it
fulfills its initial purchase order from LG Electronics. The August
production lots include 30 LCoS imager sets that will be
specifically used by LG to qualify its 62" LCoS High Definition
television model in anticipation of full production and product
introduction. Similarly, the September production lots have 30
imager sets earmarked for LG to qualify its anticipated 56" LCoS
television model. Both the 62" and 56" models are expected to
capture the bulk of the volume in the marketplace. David Hakala,
SpatiaLight's Chief Operating Officer, remarked, "We are pleased
that we have completed the transition from 100% testing to sample
testing. The inefficient nature of manufacturing in the 100%
testing environment caused a tremendous bottleneck in our efforts.
Although it was necessary, we are very happy that we have achieved
our process related goals and now proceeding with our standardized
proprietary manufacturing process." "We are on plan to reach our
delivery targets with consistency and the highest quality
throughout the year. LG recently informed us that based on our
production schedule; they intend to move into the U.S. market with
LCoS televisions in the 4th quarter of 2006. It will be a
significant milestone for the Company to finally have televisions
built around our LCoS imagers in U.S. stores," Hakala continued.
About SpatiaLight SpatiaLight, Inc., founded in 1989, manufactures
high-resolution LCoS microdisplays for use in high-definition
televisions and other display applications. The company
manufactures its products at its production facility in South
Korea. SpatiaLight 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-Q and 10-K. DATASOURCE: SpatiaLight,
Inc. CONTACT: SpatiaLight, Inc., +1-415-883-1693, ext. 132, or Web
site: http://www.spatialight.com/
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