LG Electronics has unveiled its 71-in. and 62-in. models of liquid crystal on silicon (LCoS) 1080p rear projection televisions. These pre-production televisions incorporate SpatiaLight's 1920 pixel by 1080 pixel resolution LCoS microdisplay devices (LCoS Sets).

LG Electronics is planning an initial rollout of the 71-in. and 62-in. LCoS televisions commencing in the second quarter of 2005, subject to the completion of pre-production requirements. The initial product rollout will be into the United States, Korean and Australian consumer markets, with future plans for expansion into other markets.

In July 2004, LG Electronics and SpatiaLight entered into an LCoS Supply Agreement, under which LGE committed to purchase from SpatiaLight a minimum of 21,000 LCoS Sets over an initial six-month delivery period. Based upon progress to date, it is currently anticipated that the initial six-month delivery period for the LCoS Sets will begin in March 2005, which is consistent with LG Electronics' current product rollout plan, but subject to the completion of pre-production requirements. The agreement provides that SpatiaLight will be the exclusive supplier of three-chip 1080p high definition LCoS microdisplay products to LG Electronics in 2005 and potentially in 2006 as well. LG Electronics will have the exclusive right in Korea to purchase 1080p high definition LCoS microdisplay products from SpatiaLight in the first half of 2005 and potentially in the second half of 2005 and 2006 as well.

Contact: www.lge.com, www.spatialight.com.