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TVIA REPORTS RESULTS FOR FOURTH QUARTER AND YEAR ENDED MARCH 31, 2004

　　SANTA CLARA, CALIFORNIA – May 5, 2004 – Tvia, Inc. (NASDAQ SmallCap: TVIA), a leading provider of display processors for the advanced television and emerging display markets, announced today financial results for the quarter and the fiscal year ended March 31, 2004.
　

Revenue for the fourth quarter of fiscal 2004, ended March 31, 2004 was $481,000, compared to $501,000 for the quarter ended March 31, 2003. For the fiscal year ended March 31, 2004, revenues were $ 2,309,000, as compared to $2,232,000 for the fiscal year ended March 31, 2003.
　

Net loss for the fourth quarter of fiscal 2004 was $1,496,000, or $0.07 per share on a diluted basis, compared to a net loss of $2,056,000, or $0.09 per share, in the fourth quarter of fiscal 2003. Net income for the twelve months ended March 31, 2004 was $936,000, or $0.04 per share on a diluted basis, compared to a net loss of $12,695,000, or $0.58 per share, for the comparable period of fiscal 2003.
　

Tvia's current focus on the advanced TV market, which includes progressive-scan CRT TV and LCD televisions, is starting to pay off. We believe that our Trueview display processors with advanced scaler and deinterlacer technologies are receiving favorable responses from customers.
　

“After a couple years of hard work, including redefining our market positioning and products portfolio, we believe the company is turning the corner and starting to take advantage of its strong technology offerings, video-display quality and cost advantage,” said CEO Eli Porat. “The company is entering a new phase of maturity and market acceptance.”
　

“Thanks to our application-center team in Shenzhen, China,” added Porat, “Tvia's progressive-scan CRT TV customers in China are now able to move into production in just four to six months. Our Shenzhen team is able to provide complete system support including design and integration.”
　

Anticipating successful introduction of its Trueview Display processors, Tvia has been paying special attention to its manufacturing capability.
　

In the last 12 months, Tvia has upgraded its manufacturing line to meet the goal of producing low-cost Trueview processors for large-volume TV manufacturers in China, Japan, Korea and Taiwan. Tvia has completed the evaluation and qualification of high-quality, low-cost wafer production, packaging and Trueview display - processor testing suppliers in China.
　

Last quarter, the company management team reduced the quarterly cash burn to $1.1 million and maintained a sizeable cash reserve of about $27 million dollars.

Management will host a conference call at 2 p.m. Pacific Time on May 5, 2004 to discuss Tvia's results for the quarter and the fiscal year ended March 31, 2004. The call can be accessed by calling (303) 205-0033 or by visiting www.tvia.com . A replay of the conference call will be available by calling (303) 590-3000, access code 574188# or by visiting Tvia's web site.
　

ABOUT TVIA

　　Tvia, Inc. is a fabless semiconductor company that designs and produces display processors for the interactive TV market. It offers a family of flexible, high-quality display processors to Asia-Pacific TV manufacturers creating next-generation digital LCD, HD, and progressive-scan TVs. Tvia provides customers with the foundation for building the most cost-effective TVs on the market.