CopyTele Enters into Agreement for Color Displays.Business Editors/High-Tech Writers MELVILLE, N.Y.--(BUSINESS WIRE)--June 8, 2004 CopyTele, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :COPY) announced today that it has entered into an agreement with an Asian company to jointly produce prototypes of two products having a proprietary thin film technology (TFT (Thin Film Transistor) The term typically refers to active matrix screens on laptop computers. Active matrix LCD provides a sharper screen display and broader viewing angle than does passive matrix. See LCD and thin film. TFT - Thin Film transistor ) color matrix pixel structure based on CopyTele's high brightness video flat panel display A thin display screen for computer and TV usage. The first flat panels appeared on laptop computers in the mid-1980s, and the LCD technology became the standard. Stand-alone LCD screens became available for desktop computers in the mid-1990s and exceeded sales of CRTs for the first time technology. Under the agreement, the Asian company will supply prototypes of the two products to CopyTele. The products are modified TFT color matrix structures having a 7-inch (diagonal) with 1440 x 234 pixels and a 5-inch (diagonal) with 960 x 234 pixels. CopyTele will complete the color displays by adding color phosphors in each pixel in the product matrices and by using its electron emission Electron emission The liberation of electrons from a substance into vacuum. Since all substances are built up of atoms and since all atoms contain electrons, any substance may emit electrons; usually, however, the term refers to emission of electrons from the technology to activate the red, blue, and green phosphors. Both products will be designed to operate using low voltages Low voltage is an electrical engineering term that broadly identifies safety considerations of an electricity supply system based on the voltage used. While different definitions exist for the exact voltage range covered by "low voltage", the most commonly used ones include "mains . CopyTele anticipates that the color displays will be able to accommodate both wide-screen and standard TV formats for digital TV and 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. operation. The Asian company, which currently produces large quantities of TFT liquid crystal displays liquid crystal display (LCD) Optoelectronic device used in displays for watches, calculators, notebook computers, and other electronic devices. Current passed through specific portions of the liquid crystal solution causes the crystals to align, blocking the passage of light. ("LCD"s), will utilize its existing TFT LCD (Thin Film Transistor LCD) See LCD. facilities to produce the prototypes of the products. Under the agreement, CopyTele will provide the funding for the prototypes of the products. CopyTele will have the exclusive rights to the products. The agreement also contemplates that CopyTele may enter into a further agreement with the Asian company for commercial production of the products or for the complete color displays. CopyTele's principal operation includes the development, production and marketing of thin, high brightness, flat panel video displays and the development, production and marketing of multi-functional encryption products, hardware and software based, that provide information security for domestic and international users over virtually every communication media. These products are being marketed through a world-wide network of dealers and distributors. For additional information, visit CopyTele's website at www.copytele.com. Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. Statements that are not historical fact may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Forward-looking statements are not statements of historical facts, but rather reflect CopyTele's current expectations concerning future events and results. CopyTele generally uses the words "believes", "expects", "intends", "plans", "anticipates", "likely", "will" and similar expressions to identify forward-looking statements. Such forward-looking statements, including those concerning CopyTele's expectations, involve known and unknown risks, uncertainties and other factors, some of which are beyond CopyTele's control, which may cause CopyTele's actual results, performance or achievements, or industry results, to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. In evaluating such statements as well as the future prospects of CopyTele, specific consideration should be given to various factors, including the following: CopyTele's prior history of losses and negative cash flows from operations; CopyTele's ability to obtain debt or equity financing Equity Financing The act of raising money for company activities by selling common or preferred stock to individual or institutional investors. In return for the money paid, shareholders receive ownership interests in the corporation. to continue our marketing, research and development activities, on terms acceptable to CopyTele, if cash generated from operations is insufficient to satisfy our liquidity requirements; CopyTele's ability to develop a full-color video display; the possible development of competitive products that could render CopyTele's products obsolete or unmarketable; and other risks as detailed from time-to-time in CopyTele's filings with the Securities and Exchange Commission. CopyTele undertakes no obligation to update any forward-looking statements as a result of new information, unanticipated events, or otherwise. |
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