Sanyo gets license to manufacture PureDepth based products
PureDepth Inc. has announced that they have authorized Sanyo Electric System Solutions Co. Ltd. to become a manufacturer of PureDepth screen technology for an array of products. On top of this, Sanyo has an exclusive license to incorporate the PureDepth technology into their amusement gaming platforms in Japan where Sanyo is a key player in the (gulp) $12 billion dollar pachinko hardware market.
So what is PureDepth you might ask (I sure did when I heard of it)? Put simply - PureDepth places two or more LCD displays into a single physical unit which provides a real sense of depth of vision. From there, one can develop a slew of possible applications including new user interfaces and navigation systems.
The deal with Sanyo allows them to develop products for a wide range of products and form factors - from portable mobile devices to big screen television sets. It’ll be interesting to see where Sanyo and PureDepth Inc. take this technology.
SANYO Becomes Authorized Manufacturer of PureDepth(TM) Next-Generation Display Technology
Unique Multi-Layer Display (MLD(TM)) Solution To Be Applied to Range of Devices, Form Factors; Total Patents Awarded to PureDepth Climbs to 45
REDWOOD SHORES, Calif. –(Business Wire)– Nov. 29, 2006 PureDepth(TM), Inc. (OTC: PDEP), a global leader in next-generation display technologies and the pioneer of multi-layer display technology, today announced that it has authorized SANYO Electric System Solutions Co., Ltd., a subsidiary of SANYO Electric Co., Ltd (NASDAQ: SANYY), to become a manufacturer of PureDepth technology for an array of products and form factors ranging from mobile devices to big-screen televisions.
“Extending our relationship with PureDepth into other industries and applications gives us a significant advantage as we strive to create revolutionary products in areas such as mobile phones, automotive systems, entertainment and other consumer electronics devices,” said Tsutomu Fujita, Director of SANYO Electric System Solutions Co., Ltd. “We believe the PureDepth technology combined with Sanyo’s manufacturing and implementation will make a very strong impact in many markets.”
“This agreement with Sanyo immediately provides us with worldwide manufacturing capabilities of the highest quality and quantity,” said Fred Angelopoulos, CEO of PureDepth. “It’s also a ringing endorsement of the extreme breadth of the applications for which our technology is ideally suited.”
SANYO Electric System Solutions Co., Ltd. has an exclusive license to incorporate the PureDepth technology into its amusement gaming platforms in Japan, where SANYO Electric System Solutions Co., Ltd. is a key player in that country’s $12 billion dollar pachinko hardware market. This authorization allows SANYO Electric System Solutions Co., Ltd. to apply additional form factors and key elements of the PureDepth technology in other digital displays for markets worldwide.
PureDepth also announced that it has been awarded New Zealand Patent No. 541023, titled “Backlighting System for Screen Display,” for a total of 45 patents to date.
PureDepth technology is an LCD layered, multi-dimensional (using real depth between two or more LCD panels) viewing innovation that enables users to simultaneously view two separate fields of data on one monitor. By overlaying two more separate image planes within a single monitor, PureDepth technology provides true depth of vision that significantly enhances the visual experience with faster response to time-critical data and better assimilation and comprehension of data of any kind.
About SANYO Electric Co., Ltd
SANYO, which means “three oceans” - specifically, the Pacific, Atlantic, and Indian oceans - and symbolizes the company’s global perspective, has a history rich in creating and delivering technology-based products to every corner of the globe. The SANYO Group of companies is truly an international organization, comprising 76 manufacturing companies, 49 sales companies, and 34 other companies. http://www.global-sanyo.com/
About PureDepth
PureDepth (http://www.puredepth.com) is an innovative technology company transforming the visual display experience by delivering award-winning MLD technology. Backed by 45 approved patents, this breakthrough in visualization is the first display technology that provides actual depth. The Company has, among others, a manufacturing license agreement with DRS Technologies (NYSE: DRS), and a sales, marketing and distribution license agreement with Sanyo Corporation (NASDAQ: SANYY) in Japan, a worldwide licensing agreement with International Game Technology (NYSE: IGT) and business in medical, financial and consumer markets. Founded in 1999, the Company is headquartered in Redwood Shores, California, with an engineering center located in New Zealand.
Forward-Looking Statements
This press release contains certain statements that are “forward-looking statements” and includes, among other things, discussions and disclosures of the Company’s expectations for the use of its technology in mobile devices and televisions and the likelihood of any resulting products to become widely accepted by the marketplace, (as well as the extent of the Company’s patent portfolio.) Words such as, but not limited to, “may,” “likely,” “anticipate,” “expect” and “believes” indicate forward-looking statements. Although PureDepth believes that the expectations reflected in these forward-looking statements are generally reasonable, it can give no assurance that such expectations will ultimately prove to be correct or materialize. All phases of PureDepth’s business and operations are subject to a number of uncertainties, risks and other influences, most of which are outside its control, and any one or combination of which could materially and adversely affect the results of the Company’s operations, and whether any forward-looking statements contained herein ultimately prove to be accurate. Information regarding such risks and uncertainties can be found in the Company’s most recently filed annual report on 10-KSB and other filings that have been made with the SEC.
PureDepth and MLD are trademarks of PureDepth, Inc. All other trademarks and registered trademarks are the property of their respective owners, without intent to infringe.
PureDepth, Inc. PR Contact: Garth Chouteau, 415-602-8147 garth@gc-comm.com or Investor Relations Contact: Jan Drymon, 612-317-2881 jan@carideogroup.com
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