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Tvia Enters Hospitality Market with Shipments of NBG-Branded Flat-Panel TVs
SANTA CLARA, Calif.–– Dec 19th 2006 ––Tvia, Inc. (NASDAQ CM: TVIA), a leading provider of digital display processors for advanced flat-panel TVs, broadcast digital DVRs, consumer displays and monitors, today announced it has begun shipping NBG-branded LCD-TVs for the hospitality market. The flat-panel TVs are based on Tvia’s turnkey reference designs using the TrueView™ 5600 digital display processor. These product shipments mark a significant shift in Tvia’s business strategy into the design and manufacture of flat panel televisions for third parties. NBG sells TVs to the U.S. hotel and hospitality market. The hospitality industry represents one of the fastest growing opportunities for flat panel displays as hotels around the world transition from CRT to flat-panel displays. Tvia is shipping NBG-branded flat-panel TVs in 13, 20, 26, 32, 37 and 42 inch LCD TVs and 50 inch plasma. All of the televisions are enabled with Tvia’s “Smart-TV” technology.
“We are proud to partner with Tvia due to its world-class product design capabilities, which allows us significant faster time to market,” said Paul Bullard, COO, of NBG. “Tvia is one of the only companies capable of providing a complete one-stop shop for television manufacturers, from design to manufacturing to delivery. In addition, Tvia offers superior picture quality and cutting-edge technology features.” said Mr Bullard.
“We are extremely pleased to be working with NBG, one of the leading companies providing in-room technology solutions for the hospitality industry,” said Eli Porat, CEO of Tvia.
The Tvia/NBG Hospitality TVs will be on display in Tvia’s suite at the CES show in Las Vegas on Jan. 8th, 2007. To make an appointment to see this system and other new Tvia technology processors and solutions displayed at CES, please email sales@tvia.com to schedule an appointment.
About NBG: Based in Clearwater, FL, NBG LLC is a privately held company that offers LCD and Plasma flat panel displays, guest connectivity panels, DVD and HTiB and accessories to the hospitality market. In addition to displays, NBG offers the hospitality market a true turnkey solution for their guest in-room technology needs. For more information, please visit www.NBGTV.com.
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.
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, and include statements regarding expectations regarding growth of demand in the hospitality market and the potential drivers of that growth and the features and benefits of Tvia’s products. These statements are subject to risks and uncertainties, and actual results could differ materially. Factors that could cause or contribute to such differences include customer acceptance of Tvia’s products, general economic conditions, our ability to manufacture sufficient quantities of products that meet customer demands, the availability or cost of component parts, or other risks associated with our business that are discussed in Tvia’s Annual Report on Form 10-K 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.
Forward-looking statements included in this press 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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