NOVATO, Calif., July 7, 2004 (PRIMEZONE) -- SpatiaLight, Inc. (Nasdaq:HDTV), today announced that it has appointed Sidney B. Landman to serve as its Chief Financial Officer. Mr. Landman joins SpatiaLight with an extensive background in finance, technology and international business.
Prior to joining SpatiaLight, Mr. Landman, age 58, most recently served since November 2000 as the CFO, Vice President of Finance and Secretary of Ocular Sciences, Inc., a manufacturer and marketer of disposable contact lenses, based in Concord, California. Previously, Mr. Landman spent six years with the Xerox Corporation, where he served as the President, CFO and COO of Xerox Engineering Systems, Inc., a wide-format printing and copying subsidiary of the Xerox Corporation. From 1997 to 1998, Mr. Landman served on the board of directors of DocuCorp International, a NASDAQ listed software concern. Mr. Landman received an MBA from Loyola College of Baltimore and a BA in Economics and Finance from City University of New York.
Robert A. Olins, Chief Executive Officer and a director of SpatiaLight, stated, "We are pleased to have Sidney join SpatiaLight as our new Chief Financial Officer. He has an accomplished background in finance and international business that makes him strongly suited to help steer SpatiaLight's growth. As we continue towards mass production-scale manufacturing, it is important that we have this seasoned leader and professional in place to help with implementing and overseeing our central control functions. I look forward to working closely with Sidney."
Mr. Landman commented, "I joined SpatiaLight because of my confidence and belief in the Company's products, strategy and market positioning. SpatiaLight's LCoS microdisplays are setting the standard of excellence in the High Definition television industry. I am looking forward to joining the team and working with all of the fine people at SpatiaLight."
About SpatiaLight, Inc.
SpatiaLight, Inc., founded in 1989, manufactures high-resolution LCoS microdisplays for use in High Definition televisions and rear projection monitors. The Company's proprietary SpatiaLight imagEngine(tm) LCoS microdisplays represent a solution for OEMs of large-screen rear projection monitors, home theater projection systems, video projectors, and other display applications. SpatiaLight offers two types of products to OEMs - LCoS Sets and Display Units - both of which are designed to be incorporated into High Definition televisions and rear projection monitors. The newest generation of SpatiaLight's LCoS Sets, which are sets of three SpatiaLight imagEngine(tm) microdisplay devices, utilize more than 6.2 million pixels. A Display Unit is comprised of three SpatiaLight imagEngine(tm) microdisplays fitted onto a light engine designed by SpatiaLight and Fuji Photo Optical Co., Ltd. and manufactured by Fuji. SpatiaLight is committed to developing microdisplay technologies that will become the standard for the next generation of rear projection display devices and to providing OEMs with the most cost effective, high-resolution microdisplays in the industry. For more information about SpatiaLight, please see the Company web site: 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 2004 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 Securities and Exchange Commission, including its most recent report on Form 10-K.