Best Buy First Retailer To Offer Pioneer's DVD-R/RW Drives; Pioneer's DVR-A03 Supports DVD-R, DVD-RW, CD-R and CD-RW Read and Write Capabilities.Business Editors MINNEAPOLIS--(BUSINESS WIRE)--June 18, 2001 Best Buy Co., Inc. (NYSE NYSE See: New York Stock Exchange :BBY BBY Best Buy (stock symbol) BBY Before Battle of Yavin (Star Wars) BBY BeBeyond (Chinese online community) ), the nation's number one specialty retailer of consumer electronics, personal computers, entertainment software and appliances, today announced it will offer Pioneer New Media Technologies' DVR-A03, the first drive ever to support DVD-R/RW and CD-R/RW in one device. Utobia Corporation, one of Pioneer's largest distributors, will ship the drive to Best Buy by the middle of June. The drive, which comes bundled with software support for recording both data and video, will be available both in Best Buy stores and online at BestBuy.com, retailing for $799. The DVR-A03 is Pioneer's third generation DVD-R (DVD-Recordable) A write-once (read only) DVD disc for both movies and data endorsed by the DVD Forum. DVD-Rs are often called "DVD Dash Rs" or "DVD Minus Rs" to distinguish them from the competing "Plus R" format (see DVD+R). (write once) drive and the first drive ever to offer DVD-RW (DVD-Read Write) A rewritable (re-recordable) DVD disc for both movies and data from the DVD Forum. Also called "DVD Dash RW" and "DVD Minus RW," DVD-RW uses phase change recording. The media hold 4.7GB per side and can be rewritten 1,000 times. (re-recordable) recording capabilities. The drive also reads and writes CD-R (CD-Recordable) A writable CD technology using a type of compact disc that can be recorded, but not erased (CD-Rs are "write once" discs). CD-R discs are used to master CD-ROMs, to back up data and to make copies of data for distribution. and CD-RW (CD-ReWritable) The only rewritable CD technology. CD-RW disks look like other CD media, but with close inspection, they have a more polished surface with a very dark blue-gray cast. , allowing customers to meet all of their reading and recording needs in one multifunctional drive at a price point well below that of earlier DVD-R drives. The DVR-A03 is expected to be widely used by consumers who want to create home videos, edit them adding their own personal touches, burn their creation onto a DVD DVD: see digital versatile disc. DVD in full digital video disc or digital versatile disc Type of optical disc. The DVD represents the second generation of compact-disc (CD) technology. and then play it on DVD players and DVD-ROM DVD-ROM: see digital versatile disc. A read-only DVD disc used to permanently store data files. DVD-ROM discs are widely used to distribute large software applications that exceed the capacity of a CD-ROM disc. drives. Pioneer focused on bringing a drive to market that offered compatibility with existing DVD players and DVD-ROM drives to support this application. With 4.7GB of storage capacity, the drive also targets consumers who want to archive digital photos, large amounts of data or any other type of video or image files. Additionally, Pioneer's DVD-R media has a life expectancy better than 100 years, offering a superior storage solution over analog videotape. "Utobia Corporation is very pleased to have BestBuy and BestBuy.com be the first retailer in the world to introduce the industries first DVD-R/RW drives to their tech savvy customer base," said Howard Chan CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Utobia Corporation. "Best Buy is committed to expanding our product selection to maintain the status as the industry leader in the world of electronics retailers," said Senior Vice President of Merchandising David Morrish. "To be the first retailer to offer DVD-R/RW reinforces that Best Buy is pursuing our vision, meeting our customers at the center of life and technology." The DVR-A03 will come bundled with a 4.7GB "DVD-R for General" disc and software including Sonic Solutions' MyDVD for DVD-Video authoring, CyberLink's PowerDVD 3.0 software DVD player and Prassi Software's PrimoDVD for recording data to DVD and CD media. Key product specifications for the new drive include 2X recording speed for DVD-R, 1X for DVD-RW, 8X for CD-R, and 4X for CD-RW. Read speeds are 4X for DVD-ROM and 24X for CD-ROM CD-ROM: see compact disc. CD-ROM in full compact disc read-only memory Type of computer storage medium that is read optically (e.g., by a laser). . "Demand for our drive has been very high among OEMs who are integrating it into their desktop offerings. Now consumers will be able to purchase a standalone drive from a leading consumer electronics store and upgrade their own computer system," said Hani Gabriel, senior vice president of sales and marketing for Pioneer New Media Technologies. "We are very pleased that Best Buy has chosen to retail this exceptional drive, demonstrating the support and anticipation end-users have for DVD recording." Pioneer New Media Technologies As an industry leader in the digital marketplace, Pioneer New Media Technologies, Inc. continues to provide the industry's most innovative technologies for professional and industrial business applications. World's first technologies introduced by Pioneer include recordable DVD-R drives, multiple-disc CD-ROM changers, mass storage DVD libraries, multifunctional optical drives capable of reading and writing to both M-O See magneto-optic disk. and WORM and combination DVD/CD recordable drives. The optical division's products include DVD-R and DVD-ROM drives, DVD/CD library systems, M-O/WORM optical drives and media, and DVD-R media for a wide range of applications in the education, government, legal, banking, medical, insurance, finance, industrial and general business markets. The company is also a leading supplier of DVD-ROM drives to the majority of first tier OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and PC manufacturers. For more information, contact Pioneer New Media Technologies, Inc. at 2265 E. 220th Street, Long Beach, Calif. 90810; phone (310) 952-2111 or (800) 444-6784; URL URL in full Uniform Resource Locator Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program. : www.pioneerelectronics.com. About Utobia Corporation A leader in the marketing and manufacturing of Digital Imaging Products, Utobia Corporation is recognized as a worldwide leader in bringing new technology products to the consumer. Utobia Corporation Digital Imaging Product line also includes the worlds fastest 16X DVD ROM technology, MPEG-2 encoder and decoder hardware technology, High Definition Set Top Boxes, as well as their LightingSpeed 16x10x40 CD-RW's. Utobia Corporation, a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. , is located in the City of Industry, California. About Best Buy Co., Inc. Minneapolis-based Best Buy Co., Inc. (NYSE:BBY) is the nation's number one specialty retailer of consumer electronics, personal computers, entertainment software and appliances. The Company operates retail stores and commercial web sites under the names: Best Buy (BestBuy.com), Magnolia Hi-Fi (MagnoliaHiFi.com), Media Play (MediaPlay.com), On Cue (OnCue.com), Sam Goody (SamGoody.com), and Suncoast (Suncoast.com). The Company reaches consumers through more than 1,700 retail stores nationwide, in Puerto Rico and in the U.S. Virgin Islands. |
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