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Syntax-Brillian, Costar to establish LCoS JV

Posted: 13 Mar 2006 ?? ?Print Version ?Bookmark and Share

Keywords:Syntax-Brillian? LCD? LCoS? HTDV? Henan Costar?

Syntax-Brillian Corp., a manufacturer of LCD and LCoS HTDVs and digital entertainment products, and Henan Costar Group Co. Ltd, a wholly-owned subsidiary of China South Industries Group Corp., a state-owned enterprise directly under the administration of China's Central Government, have agreed in principle to establish a joint venture to assemble and sell LCoS light engines.

Costar will own 51 percent of the joint venture entity, for which a name has not yet been selected, and Syntax-Brillian will own 49 percent. According to the pres release, the purpose of the joint venture is to assemble and sell LCoS-based light engines to TV manufacturers initially in China and eventually to the rest of the world. The parties have agreed to use Syntax-Brillian's proprietary LCoS Imagers exclusively in the light engines to be manufactured by the joint venture.

The two parties involved have signed a short-form agreement which has been ratified by the Boards of Directors of the respective parties. It is anticipated that the final joint venture agreement will be executed by March 31, 2006.

"The significance of this joint venture to us is fourfold," said Vincent F. Sollitto, Jr., Syntax-Brillian's chairman and CEO, in a statement. "First, it provides a volume source of light engines for our use domestically as we introduce the Olevia branded LCoS RPTV this year; second, we have secured a high volume customer for our proprietary LCoS Imagers; third, we now have a vehicle to tap the burgeoning RPTV market in China as they prepare for the Beijing Olympics in 2008; and fourth, it gives us a platform to be the high volume light engine supplier to other television manufacturers throughout the rest of the world."

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