Science & Technology
Science and Technology
Science and Technology
Thu, November 20, 2008
Wed, November 19, 2008 PureDepth Announces Launch of Multi-Layer Display Technology inPachislot Machines in Japan
REDWOOD SHORES, Calif.--([ BUSINESS WIRE ])--PureDepth, Inc. ([ OTC: PDEP ]) a global leader in next-generation display technologies and the pioneer of Multi-Layer Display (MLDTM) technology, announced today that the first Pachislot gaming machines featuring PureDepth's MLD™ technology have been launched nationwide in Japan. The market availability of the MLD™-enabled "Onihama" machine was announced by Abilit Corporation, a customer of SANYO Electric System Solutions, subsidiary company of SANYO Electric Co. LTD (NASDAQ: SANYY), which licenses PureDepth technology.
"We are delighted to have partnered with Sanyo Electric and to see the introduction of our patented MLD™ (Multi-Layer Display) technology in Pachislot gaming machines with their customer Abilit Corporation," said Andy Wood, CEO of PureDepth, Inc. "The introduction into this market expands the application of our proprietary MLD™ platform and confirms its continued acceptance in the visual display industry."
"The introduction of the industry's first Pachislot machine utilizing PureDepth's technology by Abilit Corporation is a clear validation of the strength of MLD™ technology, and its ability to provide a new and compelling experience to the gaming market," Tsutomu Fujita, Division Manager of SANYO Electric System Solutions. "Onihama's rich story-line and action maximized the dramatic effects and features of MLD™ technology. We are convinced that this machine will be a tremendous hit."
The new machines are a result of PureDepth's agreement with a subsidiary of SANYO Electric to incorporate PureDepth's MLDTM Technology into SANYO's amusement gaming platforms in Japan. The agreement between PureDepth and SANYO focuses exclusively on SANYO's location-based entertainment Pachinko and Pachislot gaming machines and provides PureDepth with a royalty on MLD™-equipped units sold.
The launch by Abilit of PureDepth's technology in Japan follows closely on the heels of the successful market launch of MLD™-equipped gaming machines by IGT, a U.S. leader in gaming equipment. IGT's use of PureDepth technology in its REELdepth™ line of slot machines provides PureDepth with a strong foothold in major gaming platforms in both the U.S. and Asia. IGT will display its new family of REELdepth™ games using PureDepth's MLD™ technology at the Global Gaming Expo in Las Vegas, November 18-20.
About PureDepth
PureDepth ([ http://www.puredepth.com ]) is an innovative technology company transforming the visual display experience by delivering award-winning MLD™ technology. Backed by 51 approved patents and over 80 pending patents, this breakthrough in visualization is the first display technology that provides Actual DepthTM. The Company has a worldwide licensing agreement with Samsung Electronics Corporation (KSE:005930) (LSE: SMSN), a sales, marketing and distribution license agreement with Sanyo Electric Co., Ltd. (NASDAQ: SANYY) in Japan, a worldwide licensing agreement with International Game Technology (NYSE: IGT) and business opportunities in broad consumer markets. Founded in 1999, the Company is headquartered in Redwood Shores, California, with a research and development center located in New Zealand and offices in Japan.
About SANYO
SANYO, which means "three oceans" - specifically, the Pacific, Atlantic, and Indian oceans - and symbolizes the company's global perspective, has a history rich in creating and delivering technology-based products to every corner of the globe. The SANYO Group of companies is truly an international organization.
Forward-Looking Statements
This press release contains certain statements that are "forward-looking statements" and includes, among other things, discussions and disclosures of the Company's expectations for the use of its technology and market for its products, and the likelihood of any resulting products to become widely accepted by the marketplace. Words such as, but not limited to, "may," "likely," "anticipate," "expect" and "believes" indicate forward-looking statements. Although PureDepth believes that the expectations reflected in these forward-looking statements are generally reasonable, it can give no assurance that such expectations will ultimately prove to be correct or materialize. All phases of PureDepth's business and operations are subject to a number of uncertainties, risks and other influences, most of which are outside its control, and any one or combination of which could materially and adversely affect the results of the Company's operations, and whether any forward-looking statements contained herein ultimately prove to be accurate. Information regarding such risks and uncertainties can be found in the Company's most recently filed annual report on form 10-KSB, interim report on form 10-QSB and other filings that have been made with the SEC.
PureDepth(TM), MLD(TM) and Actual Depth(TM) are trademarks of PureDepth, Inc. All other trademarks and registered trademarks are the property of their respective owners, without intent to infringe.
