SpatiaLight Announces Milestone Production Rate as Output Accelerates
28 September 2006 - 3:00PM
PR Newswire (US)
Planned September Shipments Accomplished NOVATO, Calif., Sept. 28
/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 production is progressing
as scheduled and that the Company has now achieved the 1,000 imager
chipsets (3,000 LCoS microdisplays) per month run-rate milestone.
In August, the Company began its ramp to full-scale volume
manufacturing. On September 5, 2006, SpatiaLight announced that it
had initiated shipments to LG Electronics of its 1920 x 1080 LCoS
imager sets that had been manufactured under SpatiaLight's
proprietary mass production process. Currently, SpatiaLight has
reached a production run-rate of 1,000 imager chipsets per month.
As previously announced, the Company shipped 458 imager sets in
August. As of today, the Company has successfully shipped 800 LCoS
imager chipsets in the month of September, as projected in the
Company's September 5th press release. Management expects
production to continue to grow at a similar percentage rate
throughout the 4th quarter of this year as it fulfills its initial
purchase order from LG Electronics. The August production lot
included 30 LCoS imager sets that were specifically employed by LG
to qualify its 62" LCoS High Definition television model in
anticipation of full production and product introduction.
Similarly, the September production lot included 30 imager sets
intended for LG to qualify its anticipated 56" LCoS television
model. Both the 62" and 56" models are expected to capture the bulk
of the LG Electronics' RPTV volumes in the marketplace. David
Hakala, SpatiaLight's Chief Operating Officer, remarked,
"Production output improvements have continued and we are pleased
with the improving yield trend and the measured rate at which
volume is increasing. The transition from 100% testing to sample
testing was efficiently accomplished and we expect that the ramp to
full production will continue in a smooth and steady manner. We
continue to meet our delivery schedule with consistency and of the
highest quality. As we have previously mentioned, we expect LG to
move into the U.S. market with LCoS televisions in the 4th quarter
of 2006. This will be a significant milestone for the Company,"
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, or Web site:
http://www.spatialight.com/
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