InFocus - TCL Joint Venture Receives Import/Export Approval for Rear Projection Television Engine Production

InFocus? Corporation (Nasdaq:INFS), the worldwide leader in digital projection technology and services, announced that South Mountain Technologies (SMT), its 50-50 joint venture with China’s TCL Corporation, received approval from the Chinese authorities for its import/export of rear projection television engines. This important milestone clears the way for production of both standard-depth and ultra-thin microdisplay television engines by SMT. Additionally, now that all critical government approvals have been obtained, both parents now will move forward with contributing an additional $5 million each in capital to fund SMT. “We continue to be pleased with the progress SMT is making operationally,” said Kyle Ranson, President and Chief Executive Officer of InFocus Corporation. “This milestone was an important one in allowing SMT to begin production of rear projection television engines during the second quarter of 2005.” SMT was formed in December 2004 to integrate the low-cost, high-quality manufacturing capabilities of TCL with the innovative leadership of InFocus in digital projection product design. SMT leverages InFocus’ extensive experience with imaging devices utilizing multiple technologies for front projection and rear projection engines to provide the best price performance projection and display solutions to customers around the world. Established as an affiliate Original Equipment Manufacturer (OEM) company, SMT will manufacture and sell projection solutions to InFocus and TCL and other brand operators in both China and the broader global markets. Safe Harbor Statement This press release includes forward-looking statements, including statements related to our expectations concerning commencement of production of rear projection televisions engines by South Mountain Technologies. Investors are cautioned that all forward-looking statements involve risks and uncertainties and several factors could cause actual results to differ materially from those in the forward-looking statements. Investors are directed to the company's filings with the Securities and Exchange Commission, including the company's filings on Form 10-K and Form 10-Q, which are available from the company without charge, for a more complete description of the risks and uncertainties relating to forward looking statements made by the company as well as to other aspects of the company's business. About InFocus Corporation InFocus? Corporation (Nasdaq: INFS) has been innovating and developing new ways for people to share big pictures and ideas in business, education and home entertainment for almost twenty years. Beginning with our worldwide leadership in digital projectors, today our expertise extends beyond projection into large format displays, ultra-thin microdisplay televisions, wireless connectivity, networking software and engine technology all designed to make the presentation of ideas, information, and entertainment an exhilarating experience. InFocus Corporation's global headquarters are located in Wilsonville, Oregon, USA, with regional offices in Europe and Asia. For more information, visit the InFocus Corporation web site at www.infocus.com or contact the company toll-free at 800.294.6400 (U.S. and Canada) or 503.685.8888 worldwide. Public Relations Contacts: WEE Yep Yin InFocus Corporation (65) 6334 9005 [email protected] Kamolrat Savedchinda PC & Associate Consulting Co.,Ltd. (66) 0 2971 3711 [email protected] End.

• ข่าวTCL Corporation
• ข่าวJoint Venture
• ข่าวo:event
• ข่าวo:eco
• ข่าวen