P R E S S R E L E A S E
INFOCUS(r) TO LICENSE TECHNOLOGY TO TEXAS INSTRUMENTSTexas Instruments to Embed InFocus Analog-to-Digital Auto-Sync Technology in DLP Solutions
Wilsonville, Ore., August 15, 2000 - InFocus Corp.(r) (NASDAQ: INFS, OSE: IFC) the worldwide leader in data/video projectors, today announced an intellectual property agreement in which Texas Instruments purchased the rights to embed proprietary InFocus technology in its Digital Light Processing( (DLP) technology solutions. DLP(tm) technology serves in a variety of applications, providing flawless image quality for data/video projectors, video walls, large venue projectors, home theatre systems and other display products.
Under the terms of this agreement, TI receives the rights to include InFocus patented and patent pending Kestral( auto-sync technology in all of its DLP(tm) solutions. Embedded directly in the DLP(tm) solution, Kestral technology automatically adjusts the pixel clock phase and frequency in the analog-to-digital signal conversion process, eliminating the need for manual adjustment and providing crisp, noiseless digital imagery. By embedding InFocus' Kestral technology inside its DLP(tm) devices, TI simplifies the development process for DLP(tm) technology-based products. Companies that make these products are therefore able to speed the development process and decrease their time-to-market. Incorporating auto-sync technology within the DLP(tm) technology also allows for fewer electronic components and hence more compact product designs.
This technology transfer and licensing agreement reflects TI's desire to enhance the value of its DLP(tm) technology products. "In order to improve functionality and speed time-to-market for companies developing projection/display solutions based on DLP technology, we plan to integrate best-in-class front-end electronics into our component sets," stated Bob England, Senior Vice President and Manager of Digital Imaging. "With the incorporation of this functionality from InFocus, TI's DLP solutions will be an even greater asset for our customers."
"TI's decision to license InFocus technology for its next generation of DLP(tm) devices is a clear indication of our core competence in developing superior imaging and projection technology," said John Harker, President and CEO of InFocus. "This agreement, along with other recently announced agreements positions InFocus auto-sync technology to be used in a great array of digital imaging applications that not only include the front projection market, but expand far beyond it. This agreement also highlights a continued effort by InFocus to leverage its cutting-edge patented technologies in a number of incremental, fast growing markets, through an aggressive licensing program."
In exchange for a series of lump-sum and ongoing royalty payments from TI, InFocus will transfer the Kestral auto-sync source code to TI, and license its U.S. Patents Nos. 5,805,233 and 5,767,916 and numerous pending patents which provide broad protection for InFocus' pioneering automatic phase and frequency correction. InFocus will also provide technical support to TI to facilitate the development and integration of the Kestral auto-sync technology into its new DLP(tm) controller designs.
InFocus Corporation (NASDAQ: INFS; OSE: IFC) is the worldwide leader in designing, manufacturing and marketing award-winning data/video projector solutions and services. The company provides its customers with the industry's most comprehensive line of data-video projection systems marketed under its three brands: InFocus, Proxima and ASK. Solutions range from sub-five-pound micro-portable projectors, to feature-packed conference room projectors and super bright fixed installation systems. InFocus Corporation's global headquarters are located in Wilsonville, Oregon. For more information, visit the InFocus Corporation web site at www.infocus.com or contact the company toll-free at (800) 294-6400 (U.S. only) or (503) 685-8888.
InFocus, Proxima, and ASK are registered trademarks and LP is a trademark of InFocus Corporation
About Texas Instruments
Texas Instruments Incorporated is the world leader in digital signal processing and analog technologies, the semiconductor engines of the Internet age. The company's businesses also include materials and controls, and educational and productivity solutions. TI is headquartered in Dallas, Texas and has manufacturing or sales operations in more than 25 countries.
Texas Instruments is traded on the New York Stock Exchange under the symbol TXN. More information on TI's DLP(tm) technology can be found on the World Wide Web at http://www.ti.com/dlp.
Today, TI supplies DLP(tm) subsystems to more than thirty of the world's top projector manufacturers, who then design, manufacture and market DLP(tm) technology-based projectors. There are now over fifty products featuring DLP(tm) technology in the market. Since early 1996, over 350,000 DLP(tm) subsystems have been shipped. Over the past four years, DLP(tm) technology-based projectors have consistently won some of the audio-visual industry's most prestigious awards, including, in June 1998, an Emmy Award from the Academy of Television Arts & Sciences.
Digital Light Processing and DLP are trademarks of Texas Instruments
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The following factors, among others, could cause actual results to differ from those indicated in the forward-looking statements: 1) in regard to revenues, gross margins and earnings uncertainties associated with market acceptance of and demand for the Company's products, impact of competitive products and pricing and dependence on third party suppliers; 2) in regard to product availability and backlog, uncertainties associated with manufacturing capabilities and dependence on third party suppliers; and 3) in regard to new product introductions, uncertainties associated with the development of technology and the establishment of full manufacturing capabilities, dependence on third party suppliers and intellectual property rights. Investors are directed to the Company's filings with the Securities and Exchange Commission, including the Company's 1999 Form 10-K, which are available from the Company without charge, for a more complete description of the risks and uncertainties relating to forward looking statements made by the Company as well as to other aspects of the Company's business.