SpatiaLight's Board of Directors Names David Hakala as CEO
15 Dezembro 2006 - 3:35PM
PR Newswire (US)
NOVATO, Calif., Dec. 15 /PRNewswire-FirstCall/ -- SpatiaLight, Inc.
(NASDAQ:HDTV), a leading developer and manufacturer of ultra
high-resolution Liquid Crystal on Silicon (LCoS) microdisplays for
the high definition television market, announced today that its
Board of Directors has appointed David Hakala, 55, to replace Don
Suh, 49, as Chief Executive Officer (CEO), effective immediately.
Dr. Hakala currently serves as the Chairman of Board of Directors
of SpatiaLight and had been Chief Operating Officer since September
2002. Dr. Hakala commented, "It became clear that there were
differences between the Board of Directors and Mr. Suh regarding
implementation of corporate policy and procedure. For this reason
the Board elected to replace him." Hakala continued, "At this
critical stage in our growth a cohesive team is paramount to drive
the ramp of our current imager business, expand our customer base,
and commercialize our products. To assist this effort we are
bringing on board additional talent and expertise to carry forward
our new business development and customer acquisition effort." "I
am excited about my additional duties at SpatiaLight and my
responsibility to lead the Company though this next phase of growth
as we build our customer base and product offering. We intend to
grow our manufacturing output and expand our LCoS penetration in
the consumer electronics marketplace in several different product
categories and in dramatic fashion over the coming months and
years." "I have great confidence in the technical leadership of our
CTO, Dr. Mike Jin, and look forward to the upcoming
commercialization of our developments in progress which will both
reduce costs as well as provide products for new market segments"
Dr. Jin noted, "At SLK (SpatiaLight Korea, Inc.), we are pleased
with the reliability and stability of our proprietary manufacturing
process and its results." He continued "We look forward to an
exciting and productive Consumer Electronics Show in January, 2007,
in Las Vegas. We anticipate that various manufacturers on the
showroom floor will demonstrate LCoS products built around
SpatiaLight imagers. Additionally, we will be demonstrating LCoS
solutions in several different product categories and discussing
our new developments in our private suite." Dr. Hakala has more
than 26 years of industry experience. Dr. Hakala has been with
SpatiaLight for 5 years in the role of Chief Operating Officer and
recently joined the Board of Directors as its Chairman. Prior to
joining SpatiaLight, Dr. Hakala had been directly responsible for
the manufacturing startup, ramp-up, and production of numerous
products, and their associated manufacturing facilities, including
several models of HDTV and of HDTV-ready televisions and the
DTC-100 HD TV/DBS decoder box used in the DirecTV DBS satellite
system. From 1994 to 2001, Dr. Hakala served in various senior
management positions with Thomson Multimedia, including Vice
President of Manufacturing Operations, and as Vice President,
Product Development, Americas, in which position he was responsible
for the design and development of television and video systems
including digital television with integrated HDTV decoders,
projection systems and other advanced display systems. Dr. Hakala
earned both a Bachelor of Science degree and a Ph.D. in Chemistry
from Rensselaer Polytechnic Institute About SpatiaLight
SpatiaLight, Inc., founded in 1989, manufactures high-resolution
LCoS microdisplays for use in high-definition televisions and other
display applications. The company manufactures its products at its
production facility in South Korea. SpatiaLight is committed to
developing microdisplay technologies that will be the standard for
the next generation of high definition televisions and to providing
OEMs with the most cost effective, high-resolution microdisplays in
the industry. For more information about SpatiaLight, please visit
the Company's website at: http://www.spatialight.com/. Safe Harbor
Statement This news release includes forward-looking statements
that reflect SpatiaLight's current expectations about its future
results, performance, prospects and opportunities. SpatiaLight has
tried to identify these forward- looking statements by using words
and phrases such as "may," "will," "expects," "anticipates,"
"believes," "intends," "estimates," "plan," "should," "typical,"
"preliminary," "we are confident" or similar expressions. These
forward-looking statements are based on information currently
available to SpatiaLight and are subject to a number of risks,
uncertainties and other factors that could cause SpatiaLight's
actual results, performance, prospects or opportunities in the
remainder of 2006 and beyond to differ materially from those
expressed in, or implied by, these forward-looking statements.
These risks and uncertainties are outlined in the Company's filings
with the U.S. Securities and Exchange Commission, including its
most recent reports on Form 10-Q and 10-K. DATASOURCE: SpatiaLight,
Inc. CONTACT: David F. Hakala of SpatiaLight, Inc., +1-415-883-1693
Web site: http://www.spatialight.com/
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