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LG aims to be ranked global number one in television. The background for S.S. Kim's strategy and focus on the display business arises from LG's success in the PDP panel business, which turned profitable and took the number one market share in 2005 during an upbeat time for the market in general. Historically, the LG Display business division has been very important to LG with regard to the revenue contribution to the company, but profitability has been somewhat of a roller coaster. LG intends to make a statement with its Display business in 2006.
About SpatiaLight, Inc.
SpatiaLight, Inc., founded in 1989, manufactures high-resolution LCoS microdisplays for use in high definition televisions and other display applications. Utilizing more than 6.2 million pixels, SpatiaLight's LCoS Setsare comprised of three proprietary SpatiaLight imagEngine(TM) microdisplays. ASpatiaLight display unit, another Company product, is comprised of an LCoS Setfitted onto a light engine. SpatiaLight currently manufactures two models ofits LCoS Sets. The newer generation T-3 model has an active matrix of 1920pixels by 1080 pixels configuration and the T-1 model has an active matrix of1280 pixels by 960 pixels configuration. SpatiaLight is committed todeveloping microdisplay technologies that will become the standard for the next generation of high definition televisions and to providing OEMs with the most cost effective, high-resolution microdisplays in the industry. For more information about SpatiaLight, please see the Company website:www.spatialight.com.
Safe Harbor Statement
This news release includes forward-looking statements that reflect SpatiaLight's current expectations about its future results, performance, prospects and opportunities. SpatiaLight has tried to identify these forward-looking statements by using words and phrases such as "may," "will,""expects," "anticipates," "believes," "intends," "estimates," "plan,""should," "typical," "preliminary," "we are confident" or similar expressions. These forward-looking statements are based on information currently available to SpatiaLight and are subject to a number of risks, uncertainties and other factors that could cause SpatiaLight's actual results, performance, prospectsor opportunities in the remainder of 2005 and beyond to differ materially from those expressed in, or implied by, these forward-looking statements. These risks and uncertainties are outlined in the Company's filings with the U.S.Securities and Exchange Commission, including its most recent reports on Forms 10-Q and 10-K.
SOURCE SpatiaLight, Inc.
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