Syntax-Brillian Corp. and Brazil's Group Senna Form Joint Venture to Expand Olevia LCD TVs Internationally.TEMPE, Ariz. -- Syntax-Brillian Corp. (Nasdaq:BRLC), one of the fastest-growing manufacturers of HDTVs 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. , and Group Senna senna, any plant of the genus Sennia (formerly placed in Cassia), leguminous herbs, shrubs, and trees of the family Leguminosae (pulse family), most common in warm regions. , a family-owned business conglomerate in Brazil, today announced a strategic alliance that will accelerate expansion of Olevia LCD TVs into Brazil and Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. . Through the alliance, the companies have formed a joint venture company in Brazil called "Olevia Senna do Brasil" that will manufacture, market and support the full line of Syntax-Brillian's Olevia LCD TVs, starting at 20 inches and greater, customized for the Brazilian and Latin American markets. Similar to the dramatic market growth experienced in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , the total quantity of flat-screen TVs sold in Brazil is estimated to double each year between 2006 and 2008, to a total of nearly one million units in 2008, by which time Olevia Senna do Brasil projects that it can capture a significant portion of the flat-screen TV market. "We believe there is tremendous opportunity in Brazil and Latin America for our high-quality Olevia LCD TVs as more consumers decide to trade up from their old CRT (1) (C RunTime) See runtime library. (2) (Cathode Ray Tube) A vacuum tube used as a display screen in a computer monitor or TV. The viewing end of the tube is coated with phosphors, which emit light when struck by electrons. TVs to enjoy the burgeoning 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 revolution," said James Li, president of Syntax-Brillian Corp. "With Group Senna's well-established worldwide business development alliances and strong name recognition in Brazil, Europe and Japan, we are proud to expand our international market presence with such a prominent partner." "Syntax-Brillian's well-positioned Olevia LCD TV brand, coupled with its notable global supply chain infrastructure, is a key element for the successful launch into Brazil with us," said Leonardo Senna. "This joint venture with Syntax-Brillian is complementary to our mission to produce and promote products offering substantial value to consumers, and we look forward to increasing the worldwide success of the Olevia brand." Syntax-Brillian's Olevia LCD TVs deliver a total quality digital entertainment experience with superior product quality, design and value. Since introducing Olevia LCD TVs to North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. consumers in 2004, the Olevia brand has steadily increased its popularity and is recognized one of the Top 10 leading LCD TV brands. "This alliance is part of our global expansion drive to capture greater market share in the LCD TV arena, which according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. industry research group DisplaySearch grew at least 25% quarter-on-quarter per region worldwide," added Li. "We are continually monitoring the global market growth of LCD/HDTVs and plan to solidify our business expansion in other parts of the world, including Latin America, Europe and Asia Pacific." According to DisplaySearch, LCD TV shipments worldwide in 2005 rose 141% to reach 21.2 million units. DisplaySearch forecasts further LCD TV growth to approximately 42 million units worldwide in 2006. About Group Senna Headquartered in Sao Paulo, Brazil, the Group Senna name is associated with international products that demonstrate advanced performance, modern design and incomparable (mathematics) incomparable - Two elements a, b of a set are incomparable under some relation <= if neither a <= b, nor b <= a. style. With its motto of "Driven to Perfection Adv. 1. to perfection - in every detail; "the new house suited them to a T" just right, to a T, to the letter ," Group Senna historically has been engaged with numerous successful business ventures. Through its partnership with Audi, Group Senna not only introduced the German brand to Brazil, but also promoted Audi to become the market leader in its automotive category over the past 10 consecutive years. To carry on the dream of Ayrton Senna Ayrton Senna da Silva (pronounced / /, March 21, 1960 – May 1, 1994) was a Brazilian three-times Formula One world champion. , the famous three-time Formula 1 world champion, Group Senna also founded the charitable Instituto Ayrton Senna for developing the potentials of the future generation. Over the past decade, this foundation has contributed over $80 million to assist the educational programs of 3.9 million children in Brazil. About Syntax-Brillian Corp. Syntax-Brillian Corp. (www.syntaxbrillian.com) 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 HDTV-ready and HD-built-in LCD TVs -- 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 sales channels position the company as a market leader in consumer and high-end HDTV and digital entertainment products. Brillian is a registered trademark and LCoS is a trademark of Syntax-Brillian Corp. 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 under federal securities laws, and Syntax-Brillian intends that such forward-looking statements be subject to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. created thereby. Such forward-looking statements include expectations regarding (i) the market share that Olevia Senna do Brasil believes it can capture in Brazil; and (ii) the amount of forecasted revenue for Olevia Senna do Brasil. 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 markets for the company's or Olevia Senna do Brasil's products; (b) changes in the market for customer's products; (c) the failure of the company's or Olevia Senna do Brasil's products to deliver commercially acceptable performance; (d) the ability of the company's management, individually or collectively, to guide the company in a successful manner; and (e) 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 company's Quarterly Report on Form 10-Q Form 10-Q See 10-Q. for the quarter ended Dec. 31, 2005. |
|
||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion