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Syntax-Brillian Launches Olevia™ HDTVs in Japan

This is a discussion on Syntax-Brillian Launches Olevia™ HDTVs in Japan within the PR Releases Database forums, part of the News and views category; Olevia™ to Debut in Public Display & Commercial Markets Syntax-Brillian Corporation (Nasdaq:BRLC), one of North America’s fastest-growing digital entertainment companies, ...

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Old 03-12-07, 08:54 AM   #1
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Default Syntax-Brillian Launches Olevia™ HDTVs in Japan

Olevia™ to Debut in Public Display & Commercial Markets

Syntax-Brillian Corporation (Nasdaq:BRLC), one of North America’s fastest-growing digital entertainment companies, announced today the launch of its popular, award-winning Olevia™ brand of HDTVs in Japan, where it will debut in the public display and commercial markets.

Working in partnership with leading Japanese high-definition VOD equipment and services provider BMT, Olevia will debut in Japan in the latter part of March 2007 with an initial purchase order from Japanese telecom giant NTT Group of 3,000 42” LCD HDTVs specially designed for the sizeable Japanese public display and commercial markets. NTT Group, with 300,000 employees, multiple facilities and more than $90 billion in revenue, is expected to be a major customer for Olevia Japan.

BMT will continue to serve as a marketing, logistics and support partner for Olevia Japan, helping to identify additional corporate customers, coordinate marketing efforts, execute brand strategy, and grow Olevia Japan market share within the Japanese public display and commercial markets.

Syntax-Brillian has received an initial purchase order of 20,000 42” LCD TV units from BMT and is expected to begin delivery during the second quarter of 2007. In the second half of 2007, Syntax-Brillian anticipates introducing 42”, 47”, 52” and 65” Olevia LCD 1080p HDTVs for the Japanese corporate and commercial markets featuring state-of-the-art 120-hertz panels provided by Sharp. Syntax-Brillian anticipates sales of approximately 50,000 units for Olevia Japan in 2007.

Olevia Japan HDTVs have been awarded with Japanese FCC class B certifications for power supply, noise and radiation as well as certification for meeting Japanese environmental regulations. Olevia Japan HDTVs are the only foreign HDTVs to receive these designations, which are awarded only to products meeting the highest Japanese corporate and commercial market standards.

“Olevia is fortunate to debut in Japan with partners as skilled and experienced as BMT and NTT Group,” said Vincent Sollitto, CEO of Syntax-Brillian. “We look forward to creating a reputation for unsurpassed quality and innovation as we establish the Olevia brand in Japan and continue to expand it throughout the Asia-Pacific region.”

“As a new brand in Japan, Olevia’s quality and dedication to technical excellence impressed us greatly,” said Mr. Hiroshi Asamizu, CEO of BMT. “Olevia creates first-class HDTVs that equal the performance of tier-one brands at a more affordable cost. We look forward to working with Olevia to create impressive public displays as well as new products and technologies.”

Olevia Japan will be run by Shinichi Hirabayashi, Ph.D. A former General Manager of Toshiba, Dr. Hirabayashi led the global introduction of Toshiba PCs and holds multiple patents in optical and LCD display technology and equipment. Olevia Japan’s operations will be centered near Tokyo in one of the top industrial parks in Japan.

Dr. Hirabayashi will work in conjunction with BMT to develop new and improved products and technical designs to meet the demands of the Japanese market while overseeing Olevia Japan’s current business operations. He will also manage the creation of new remote controls and the production of a Japanese-language user manual.

In the future, Dr. Hirabayashi is expected to collaborate with BMT on the design and development of new 42”, 47”, 52” and 65” LCD displays for the Japanese market. Under Dr. Hirabayashi’s direction, Olevia Japan is expected to develop into a world-class research and development center, utilizing expert engineering teams and incorporating the latest in advanced Japanese technology into innovative future Olevia products.

Olevia’s debut in Japan marks another important step for the brand’s continued growth in the Asia-Pacific region. On March 2, 2007, Olevia debuted in Taiwan with a line of high-end HDTVs exclusively designed for the Taiwan home theater, pro-AV market. Syntax-Brillian anticipates that demand for Olevia HDTVs in Japan will increase in 2008 due to the Beijing Olympics and projects shipments to reach between 60,000 and 80,000 units annually.

About Syntax-Brillian Corporation

Syntax-Brillian Corporation (Syntax | Brillian) is one of the world’s leading manufacturers and marketers of LCD and LCoS™ HDTVs, digital cameras, and microdisplay entertainment products.

The company’s lead products include its Olevia™ brand (Olevia.com) high definition widescreen LCD and LCoS™ televisions — one of the fastest growing global TV brands — and Vivitar® brand (Vivitar) digital still and video cameras. Syntax-Brillian has built an Asian supply chain coupled with an international manufacturing and distribution network to support worldwide retail sales channels and position the company as a market leader in consumer digital entertainment products.

Olevia™, Brillian™, LCoS™ and Vivitar® are trademarks or registered trademarks of Syntax-Brillian Corporation. All other trademarks are the property of their respective owners.

Forward-Looking Statements:

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 created thereby. Such forward-looking statements include but are not limited to the debut of Olevia televisions in Japan; the size of the initial purchase order from NTT Group; the expectation that NTT Group will be a major customer for Olevia; BMT’s ability to serve the marketing and logistics needs of Olevia; the anticipated introduction of 42-inch LCD TVs; the anticipated introduction and sales of LCD 1080p HDTVs; the ability of the company to create a reputation for unsurpassed quality and innovation in Japan; the ability of Olevia products to equal the performance of tier-one brands; Shinichi Hirabayashi’s role in running Olevia’s operations in Japan and his ability, in working with BMT, to develop new and improved products and technical designs; and the anticipated increase in demand for Olevia HDTVs in Japan due to the 2008 Beijing Olympics. 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 changes in markets for the Company’s products; changes in the market for customers’ products; the failure of the Company’s products to deliver commercially acceptable performance; the ability of the Company’s management, individually or collectively, to guide the Company in a successful manner; and other risks as detailed in Syntax-Brillian’s Annual Report on Form 10-K.
Contacts

Syntax-Brillian Corporation
Chad Giron
Media Relations
571-216-4894
chad.giron@syntaxbrillian.com
or
Asia Contact
Edelman PR
Romy T. Arambulo, +852.2837.4727
romy.arambulo@edelman.com
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