PixTech FEDs Selected By Mechtronix For Flight Management System.Business Editors/High-Tech Writers SANTA CLARA Santa Clara, city, Cuba Santa Clara (sän`tä klä`rä), city (1994 est. pop. 217,000), capital of Villa Clara prov., central Cuba. , Calif. & ROUSSET, France--(BUSINESS WIRE)--Dec. 11, 2000 PixTech, Inc. (Nasdaq:PIXT)(Easdaq:PIXT) announced today that Mechtronix, headquartered in St. Laurent, Quebec, has selected PixTech's Field Emission Display (hardware) field emission display - (FED) A type of flat panel display in which field emitting cathodes bombard a phosphor coating causing it to emit light. A field emission display is similar to a cathode ray tube but only a few millimeters thick. (FED) units for their flight management training systems. PixTech is supplying its FE524M1 5.2" displays, with a resolution of 320 x 240 to Mechtronix. Mechtronix selected PixTech's FEDs for their ability to provide clear and precise images for Mechtronix' Cockpit Display Unit simulator. PixTech has already begun shipping product to Mechtronix. Mechtronix will use PixTech's FEDs to integrate classroom training and flight training in the Cockpit Display Unit for the Flight Management System specifically designed for flight simulation of the Boeing 737-300 aircraft. Mechtronix has provided advanced training environments for the Boeing 737 class of aircraft and many others. James Cathey, vice president business development and marketing of PixTech stated, "PixTech's ability to integrate FEDs into Mechtronix's advanced training systems strongly supports our firm belief that we have a versatile and solid product reach. We are presently in discussions with other customers and distributors and hope to make additional announcements over the next several months." Mechtronix' President Fernando Petruzziello commented, "Pixtech's FEDs are ideally suited for our Simulated Flight Management Systems. The Simulated Cockpit Display Unit requires the precise image that PixTech's FEDs are able to provide." About Mechtronix Systems Inc. Mechtronix Systems Inc. (MSI MSI: see integrated circuit. (1) (MicroSoft Installer) See Windows Installer. (2) (Medium Scale Integration) Between 100 and 3,000 transistors on a chip. See SSI, LSI, VLSI and ULSI. ) is a Montreal-based corporation that began as engineering consulting group specializing in all aspects of industrial controls and automation -- including both electronic and mechanical design. MSI has an extensive experience in applied research and product development for the commercial, transportation, academic and defense sectors. MSI's engineering team and technical support staff combine skills from the electrical/electronic, mechanical and computer engineering disciplines. This versatility, coupled with a progressive management approach and an abiding a·bid·ing adj. Lasting for a long time; enduring: an abiding love of music. a·bid ing·ly adv. commitment to after-sales service after-sales service n (BRIT) (COMM) (for car, washing machine etc) → servicio de asistencia pos-ventaafter-sales service n → service m , allows MSI to provide its vast and varied customers with complete turnkey solutions. Through the experience and expertise gained in the fields of precision engineering and robotics robotics, science and technology of general purpose, programmable machine systems. Contrary to the popular fiction image of robots as ambulatory machines of human appearance capable of performing almost any task, most robotic systems are anchored to fixed positions , MSI obtained a unique perspective on the manufacturing process required to produce training and simulation products for the general and business aviation community. The flight training devices, marketed under the ASCENT(R) product line, are modern, low-cost, ground-based devices for both twin piston engine and twin turbo-prop aircraft configurations. They are designed for efficient and effective training of pilots -- both for ab-initio training, as well a for recurrent training -- in all IFR IFR abbr. instrument flight rules procedures as well as for a majority of normal and emergency aircraft procedures. About PixTech, Inc. PixTech designs, develops and manufactures field emission displays (FEDs), a new type of flat-panel display flat-pan·el display n. A thin lightweight video display used in laptop and notebook computers and employing liquid crystals, electroluminescence, or a similar alternative to cathode-ray tubes. Also called flat screen. . The company operates a flat-panel display pilot manufacturing facility in Montpellier, France, an R&D facility in Boise, Idaho “Boise” redirects here. For other uses, see Boise (disambiguation). Boise is the capital and most populous city of the U.S. state of Idaho. It is the county seat of Ada County and the principal city of the Boise metropolitan area. , and has offices in Boise (Idaho), Santa Clara (Calif.), and Rousset (France). PixTech is currently developing high-volume manufacturing capabilities for its FEDs in Taiwan under a contract manufacturing arrangement with Unipac, a Taiwanese AM-LCD manufacturer. PixTech has also established a marketing partnership with Sumitomo Corporation Sumitomo Corporation (住友商事, Sumitomo Shōji) TYO: 8053 is a highly built worldwide trading company (Sogo shosha), and is a diversified corporation based in Tokyo, Japan. It is a member company of the Sumitomo Group. , the exclusive distributor in Japan. More information is available from the company's web site at http://www.pixtech.com Statements that are not historical facts, including statements about PixTech's confidence and strategies, the development of new or existing products, technologies and opportunities, market demand or acceptance of new or existing products are 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. that involve risks and uncertainties. These uncertainties include, but are not limited to, the risks associated with transitioning to high volume manufacturing of FED displays at Unipac, product demand and market acceptance risks, the validity and enforceability of PixTech's patent rights, infringement by PixTech of others' patent rights, the potential impact of competitive products and prices, product development, commercialization or technological delays or difficulties, trade, legal, social and economic risks detailed in PixTech's Securities and Exchange Commission filings, including its Annual Report form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year 1999 and any subsequent filings. |
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