Syntax-Brillian Signs Strategic Supply Agreement with LG.Philips LCD to Support Planned Expansion of Olevia LCD TVs Worldwide
Syntax-Brillian Corp. (Nasdaq: BRLC), one of the fastest-growing manufacturers of HDTVs in North America, today announced a strategic supply agreement with LG.Philips LCD (Nachrichten) (NYSE: LPL, KRX: 034220), one of the world's leading thin film transistor liquid crystal display (TFT-LCD) manufacturers.
Under the terms of the agreement, LG.Philips LCD will significantly expand its supply of large and wide LCD TV panels to Syntax-Brillian. (Nachrichten) This agreement is a win-win proposition for the two companies, as LG.Philips LCD will acquire a steady demand base in the fast-growing LCD TV panel market, while Syntax-Brillian will secure a stable supply of high-quality LCD TV panels. This deal is expected to help LG.Philips LCD and Syntax-Brillian solidify their leadership roles in the LCD TV panel and overall TV set markets, respectively.
The agreement includes the full line of LG.Philips panels: 20-inch, 23-inch, 32-inch, 37-inch, 42-inch and 47-inch, with the majority of panels in the high-demand 37-inch and 42-inch form factor.
"This strategic supply agreement, an extension of our existing relationship with LG.Philips LCD, is important to Syntax-Brillian on several fronts," said Vincent F. Sollitto, Syntax-Brillian chairman and CEO. "It provides a significant volume of TFT-LCD panels in 2006 to support our planned expansion of the Olevia brand worldwide, and further strengthens our relationship with the world's leading LCD panel supplier."
"By joining hands with Syntax-Brillian, LG.Philips LCD is expected to further enhance its competitiveness in the global LCD TV panel market," said Champ Shin, vice president of TV sales team of LG.Philips LCD.
Ranging in size from 20 to 47 inches, Syntax-Brillian's Olevia LCD TVs deliver a total quality digital entertainment experience with superior specifications, outstanding value and an industry-leading warranty. Since introducing Olevia LCD TVs to North American consumers in 2004, the Olevia brand has steadily increased its popularity and is recognized as a leading LCD TV brand.
Syntax-Brillian Corp. (Nasdaq: BRLC), one of the fastest-growing manufacturers of HDTVs in North America, today announced a strategic supply agreement with LG.Philips LCD (Nachrichten) (NYSE: LPL, KRX: 034220), one of the world's leading thin film transistor liquid crystal display (TFT-LCD) manufacturers.
Under the terms of the agreement, LG.Philips LCD will significantly expand its supply of large and wide LCD TV panels to Syntax-Brillian. (Nachrichten) This agreement is a win-win proposition for the two companies, as LG.Philips LCD will acquire a steady demand base in the fast-growing LCD TV panel market, while Syntax-Brillian will secure a stable supply of high-quality LCD TV panels. This deal is expected to help LG.Philips LCD and Syntax-Brillian solidify their leadership roles in the LCD TV panel and overall TV set markets, respectively.
The agreement includes the full line of LG.Philips panels: 20-inch, 23-inch, 32-inch, 37-inch, 42-inch and 47-inch, with the majority of panels in the high-demand 37-inch and 42-inch form factor.
"This strategic supply agreement, an extension of our existing relationship with LG.Philips LCD, is important to Syntax-Brillian on several fronts," said Vincent F. Sollitto, Syntax-Brillian chairman and CEO. "It provides a significant volume of TFT-LCD panels in 2006 to support our planned expansion of the Olevia brand worldwide, and further strengthens our relationship with the world's leading LCD panel supplier."
"By joining hands with Syntax-Brillian, LG.Philips LCD is expected to further enhance its competitiveness in the global LCD TV panel market," said Champ Shin, vice president of TV sales team of LG.Philips LCD.
Ranging in size from 20 to 47 inches, Syntax-Brillian's Olevia LCD TVs deliver a total quality digital entertainment experience with superior specifications, outstanding value and an industry-leading warranty. Since introducing Olevia LCD TVs to North American consumers in 2004, the Olevia brand has steadily increased its popularity and is recognized as a leading LCD TV brand.
