Syntax-Brillian Continues to Build Momentum in China's Vast Consumer Electronics Market; 65-Inch 1080P Wins Prestigious ''2006 LCOS RPTV of the Year'' Award at the Annual China Digital TV Awards Event.TEMPE, Ariz. -- With extremely rapid growth and market penetration Noun 1. market penetration - the extent to which a product is recognized and bought by customers in a particular market penetration - the act of entering into or through something; "the penetration of upper management by women" in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Syntax-Brillian Corporation The American company Syntax-Brillian Corporation (NASDAQ: BRLC) was formed by the merger of Syntax (founded in May 2003 and started shipping widescreen HDTV-ready LCD televisions in April 2004 with Brillian Corporation on November 30, 2005. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :BRLC), a U.S.-based manufacturer and marketer of LCD and LCoS(TM) HDTVs and digital entertainment products, is charting a similar strategic course in the vast Chinese market for digital entertainment products. Most recently, the company won the "LCoS RPTV See rear-projection TV. of the Year Award" at the Annual China Digital TV Award 2006 event held in Beijing, China, April 20, 2006. Dr. Robert Melcher, Chief Technology Officer for Syntax-Brillian, accepted the award for the company's 1080p LCoS HDTV (High Definition TV) A set of digital television (DTV) standards that offer the highest resolution and sharpest picture. Although some HDTV sets are available in standard (rather square) screen sizes, the overwhelming majority of sets are wide screen, which eliminates at the event attended by more than 200 Chinese government Ever since Republic of China founded in January 1st, 1912, China has had several regional and national governments. List
"We continue to pursue a consistent strategic vision to become a global Tier 1 provider of HDTV and consumer electronics products by providing innovative technology, marketing and distribution strategies for the world's top markets," said James Li, Syntax-Brillian President and COO. "In North America, we have successfully leveraged online and traditional retail channels to market and distribute a product family that is compelling for its quality, breadth and value. In China, we're combining this technology and product strength with key strategic alliances to provide broad local market penetration, even greater economies of scale, and customization opportunities. The China Digital TV Award is simply the latest in a series of accomplishments that will help us make our vision a reality." Earlier this month, Syntax-Brillian announced a strategic partnership with China South Industries Group Corporation ("China South"), a state-owned enterprise directly under the administration of China's Central Government, establishing the joint venture company Sino-Brillian Display Technology Corporation to produce LCoS(TM)-based light engines for local and international TV makers. "Since the announcement of our joint venture, we have enjoyed tremendous market response in China. Two local TV makers, Shenzhen Auto Digital Video Technology Co. Ltd (Actochina) and Skyworth Optical & Electronical Co. Ltd., have already placed orders to purchase our LCoS(TM)-based light engines for their respective LCoS(TM) HDTVs," said Mme. Zuo Yuexi, Chairman of the Board, Sino-Brillian Display Technology Corporation. "Other state owned Chinese TV makers have also indicated significant interest in purchasing Sino-Brillian Display Technology's LCoS(TM)light engines for testing and product development purposes," she continued. Sino-Brillian Display Technology Corporation has received purchase orders to date for the initial production of approximately 1,500 LCoS(TM) light engines. The company is expected to start limited production of LCoS(TM) light engines by May 31, 2006 with commencement of volume production in July 2006. Mme. Bai Weimin, Secretary General of the China Video Industry Association, said, "We're very excited about the arrival of LCOS in China. It marks an important juncture junc·ture n. The point, line, or surface of union of two parts. in the development of China's HDTV industry and presents tremendous opportunities for HDTV innovators, developers, distributors, and others. We anticipate local TV makers will start producing China-made LCOS RPTV products before the end of the year to provide local consumers with the best digital viewing experience." About Syntax-Brillian Corporation Syntax-Brillian is one of the world's leading manufacturers and marketers of LCD and LCoS(TM) HDTVs and digital entertainment products. The company's lead products include its Olevia brand of widescreen See wide screen. HDTV-ready LCD TVs A flat panel TV that uses LCD technology or a rear-projection TV that is based on LCD microdisplay panels. See flat panel TV, rear-projection TV and LCD. -- one of the fastest growing global TV brands -- and its next generation Gen II LCoS(TM) 720p and 1080p rear-projection HDTVs for the high-end video/audio market. Syntax-Brillian's global supply chain, Asian operations and North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. sales channels position the company as a market leader in consumer and high-end HDTV and digital entertainment products. For corporate information, visit www.syntaxbrillian.com; for Olevia product information, visit www.olevia.com. Brillian and LCoS are trademarks or registered trademarks of Syntax-Brillian Corporation. All other trademarks are the property of their respective owners. Certain statements contained in this press release may be deemed to be 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. under federal securities laws, and Syntax-Brillian intends that such forward-looking statements be subject to the safe-harbor created thereby. Such forward-looking statements include expectations regarding (i) the timing of entering into the final joint venture agreement, (ii) the timing of completion of asset transfers and installation and commencement of manufacturing operations Manufacturing operations concern the operation of a facility, as opposed to maintenance, supply and distribution, health, and safety, emergency response, human resources, security, information technology and other infrastructural support organizations. of the joint venture entity (iii) the targeted production volume of the joint venture entity; and (iv) the impact of the joint venture on Syntax-Brillian . Syntax-Brillian cautions that these statements are qualified by important factors that could cause actual results to differ materially from those reflected by the forward-looking statements contained herein. Such factors include (a) changes in the economic, social, or political environments or other subjective factors prior to entering into the final joint venture agreement; (b) the Company's inability to transfer the necessary equipment or technology due to language barriers, technical barriers, or political issues; (c) changes in markets for the Company's products; (d) changes in the market for customers' products; (e) the failure of the Company's products to deliver commercially acceptable performance; (f) the ability of the Company's management, individually or collectively, to guide the Company in a successful manner; and (g) other risks as detailed in Brillian's Annual Report on 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. , the Registration Statement on Form S-4 filed in connection with the merger, and the Quarterly Report on Form 10-Q Form 10-Q See 10-Q. for the quarter ended December 31, 2005. This press release is distributed by Edelman on behalf of Syntax-Brillian. |
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