P R E S S R E L E A S E
InFocus Unleashes Three New High-quality Personal Projectors to Give Mobile Professionals Freedom of Choice
MONTE CARLO -- Feb. 23, 1999 -- InFocus(R), the worldwide technology and market leader in data/video projection, today announced three new personal projectors -- LP(tm)425z, LP435z and the LP400.
Building on the success of the award-winning LP425 personal projector, InFocus has now combined the features and functionality normally associated with conference room products with the portability mobile professionals deserve. At a mere 7.4 pounds, the LP425z and LP435z personal projectors provide crisp, clear images at 900 and 1000 ANSI lumens respectively and come fully featured with a zoom lens and remote control capability. The LP435z is the industry's first native XGA (1024 x 768) resolution full-featured personal projector.
"Over the past year, we've found that personal projectors have become an indispensable PC peripheral for mobile professionals seeking a competitive advantage when presenting information," said Tim Bajarin, president of Creative Strategies, an independent industry analyst firm. "Customer adoption of this new class of product speaks to the immediate impact personal projectors have had on the way people communicate information."
The LP425z and LP435z clearly represent the "best of class" in the sub-eight pound personal data/video projector category by offering many user friendly ease-of-use features including a zoom lens and remote control, previously available only in projectors weighing ten pounds or more.
Additionally, InFocus now makes personal projectors more affordable and accessible for a wider range of users by introducing the first personal projector, the LP400, with an estimated street price of $2,999. The LP400 series sets new standards for price, performance and features that were unavailable in personal projectors until now. The LP400 series, based on the award-winning LP425 platform, dramatically enhances today's mobile professionals' ability to make an immediate and lasting impact during meetings. Weighing only 6.8 pounds, the 700-lumen LP400 is the lightest, brightest and most affordable personal projector available. The LP400 and the LP425z are native SVGA (800 x 600) resolution projectors that provide true resolution independence by seamlessly displaying VGA, SVGA and XGA images.
All three projectors deliver the uncompromising contrast ratio of 400:1 and superior image quality expected when InFocus combines Digital Light Proccessing(tm) (DLP(tm)), a Texas Instruments(tm) technology, with its proprietary optical and engineering expertise. All three projectors incorporate InFocus Plug and Project technology that allows presenters to spend more time with their audience instead of with their technology tools. Available now, the LP400, LP425z and LP435z have a suggested list price of US $3,299, $5,999 and $6,999 respectively.
"These new 'best of class' personal projectors are as much about freedom as performance," states Bill Yavorsky, vice president of worldwide sales for InFocus. "With the introduction of the LP400, LP425z and LP435z, personal projectors now fit as easily into a company's budget as it does into your carry-on luggage."
Stanford Resources, an independent industry analyst firm, expects the market for sub-10 pound projectors to grow 112 percent in 1999. According to industry analyst firm TFC.Net, InFocus currently commands 47 percent market share through wholesale distribution, the fastest growing sales channel, and as reported by Pacific Media Associates 26 percent share in the traditional value added dealer channel.
InFocus Systems, Inc. (Nasdaq:INFS) is the worldwide leader in developing, manufacturing, and marketing award-winning data/video projection products and services. All projectors provided by InFocus are backed by a comprehensive two-year service warranty, an exclusive "24-hour seven days per week" customer support hotline 800/799-9911 and our Priority Care program. For the fiscal year ending December 31, 1998 InFocus revenue were $306.7M. The company's headquarters are located at 27700B SW Parkway Avenue, Wilsonville, Oregon 97070-9215. Call 800/294-6400 or 503/685-8888. InFocus' fax number is 503/685-8631. Visit the InFocus web site at http://www.infocus.com.
(a) Estimated street price.
NOTE: This press release includes forward-looking statements. Investors are cautioned that all forward-looking statements involve risks and uncertainties and several factors could cause actual results to differ materially from those in the forward-looking statements. Forward-looking statements relate to anticipated revenues, gross margins, earnings, and availability of products manufactured on behalf of the Company, backlog and new product introductions. 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 1997 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.
InFocus Systems, Inc. (Nasdaq:INFS) is the worldwide leader in developing, manufacturing and marketing multimedia projection products and services to present video, audio, graphics and data from personal computers and other electronic devices. The Company's headquarters are located at 27700B S.W. Parkway Avenue, Wilsonville, Oregon 97070-9215. The InFocus Systems web site is located at http://www.infocus.com.
InFocus and In Focus Systems are registered trademarks and LP is a trademark of In Focus Systems, Inc.
InFocus Editorial Contact:
Rich Williams, 503/570-8302
Jeff Bouchard, 503/685-8609
Copithorne & Bellows for InFocus
Charaighn Foss, 415/975-2284
Business Wire Story BW1097 is protected by
copyright and other applicable laws, treaties and conventions. Information in the
release is furnished by Business Wire's member, who is solely responsible for content,
accuracy and originality. All reproduction, other than for an individual user's
personal reference, is prohibited without prior written permission.