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Tvia TrueView 5605 Processor Powers Mitsubishi’s New Line of Mass-Transit Infotainment LCD-TVs by Mitsubishi Electric Corporation
Tvia TrueView 5605 single-chip solution provides industry-leading video and graphics processing for Mitsubishi’s infotainment LCD displays
SANTA CLARA, Calif. Nov 29, 2006 - Tvia, Inc. (NASDAQ Capital Market: TVIA), a leading provider of digital display processors for Advanced Flat-Panel TVs, broadcast digital DVRs, consumer displays and monitor products, today announced that Mitsubishi Electric Corporation has adopted Tvia’s TrueView 5605 video and graphics display processor for its newest line of infotainment displays for installation in mass-transit systems in Japan. Tvia's video and graphics display processors in the CyberPro and TrueView families are used by leading broadcast and consumer electronics companies. Mitsubishi Electric Corporation is a leading consumer electronics and industrial system manufacturers and is aggressively promoting its new infotainment systems powered by Tvia’s Trueview 5605 digital video processor. “Tvia is very pleased to continue our long relationship with Mitsubishi,” said Eli Porat, chairman and CEO of Tvia. “Mitsubishi joins a growing list of leading consumer electronics companies that have selected the TrueView 5600 family of display processors for a wide range of applications from in-flight entertainment displays, mass-transit infotainment TV systems, advanced Flat Panel Televisions and Displays, to high-end surveillance and broadcast applications.”
About Tvia: Tvia, Inc. is a fabless semiconductor company that designs and develops an extensive line of flexible, high quality digital display processors for digital LCD, PDP, HD, SD, and progressive-scan TVs, as well as other broadcast and consumer display products. Tvia owns and operates a leading independent TV design center, providing manufacturers with proven TV system designs, which Tvia believes allows manufacturers to produce and manufacture high quality flat-panel television at a lower cost with shortened time to market. The combination of Tvia's TrueView display processors and leading TV system designs gives Tvia's manufacturing customers an advantage for building cost-effective, high quality display solutions. More information about Tvia is available at www.tvia.com
Mitsubishi Electric Corporation: With over 80 years of experience in providing reliable, high-quality products to both corporate clients and general consumers all over the world, Mitsubishi Electric Corporation (TSE:6503) is a recognized world leader in the manufacture, marketing and sales of electrical and electronic equipment used in information processing and communications, space development and satellite communications, consumer electronics, industrial technology, energy, transportation and building equipment. The company recorded consolidated group sales of 3,604 billion yen (US$ 30.8billion) in the fiscal year ended March 31, 2006. For more information visit http://global.mitsubishielectric.com This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements relate to future periods, beliefs or expectations, including statements as to the features and benefits of Tvia’s products and the uses of Tvia’s products by its customers. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially. Factors that could cause or contribute to such differences include the slower than anticipated emergence of the flat panel DTV market, Tvia’s ability to specify, develop or acquire, complete, introduce, market and transition to volume production new products and technologies in a timely manner and customer acceptance of products incorporating Tvia’s processors, as well as the risks discussed in Tvia’s Annual Report on Form 10-K/A for the year ended March 31, 2006 and Form 10-Q for the quarter ended September 30, 2006 filed with the Securities and Exchange Commission (SEC), and in other reports filed from time to time with the SEC. All forward-looking statements included in this release are based upon information available to Tvia as of the date of this release, and Tvia assumes no obligation to update any such forward-looking statements.
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