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Top LCD TV Brands LG Electronics and Vizio, as Well as Luminus Devices and Global Lighting Technologies Join LCD TV Association
BEAVERTON, Ore. --(Business Wire)-- The LCD TV Association, a global, not-for-profit marketing trade association chartered to inform, promote, improve and connect the entire LCD TV supply chain, today announced that leading LCD TV manufacturers LG Electronics and VIZIO, as well as LED and lighting component companies Luminus Devices and Global Lighting Technologies (GLT), have joined the LCD TV Association - signaling the ever-growing support for LCD TVs and their related supply chain.
According to DisplaySearch (1), LG Electronics was the #3 global brand in TV revenues at 9.4% in Q4'07, and improved its #2 unit share position with a half point rise to 11.8% in Q1'08. DisplaySearch findings also showed that VIZIO was ranked #3 in unit share in North America for Q4'07, and moved up to #2 in Q1'08 at 11%, and showed the strongest annual growth among the top 5 brands during Q1'08 at 103% Y/Y.
"We are pleased to add such distinguished companies to the LCD TV Association's sustaining membership roster," noted Bruce Berkoff, Chairman of the LCD TV Association. "LG Electronics is a leader in LCD TVs globally, while VIZIO has quickly risen as a top player in the important U.S. market. Luminus and GLT have teamed up to produce a unique RGB, edge-lit backlighting solution using Luminus' PhlatLight(R) LED and GLT's MicroLens(TM) light guide technologies, and are paving the way for ultra thin and low cost LED backlighting. The PhlatLight Backlight Unit was recently recognized by the SID organization as winner of the 2008 Gold Display Component of the Year award. The insight and knowledge which all of these new members bring to the table will prove quite valuable to our organization in helping to better 'inform, promote, improve and connect' the entire supply chain and consumers about the benefits of LCD TVs."
"As we at LG value consumer insights most in product development and continue to grow our worldwide presence as a leader in the LCD TV space, we look forward to working with the LCD TV Association to better inform and promote the entire LCD TV industry supply chain about LG LCD TVs," noted Havis Kwon, Executive Vice-President, LCD TV Divisions, Digital Display Company at LG Electronics Inc.
Berkoff added, "With LCD TV sales on the rise, it becomes increasingly important to educate consumers on the benefits of LCD TVs over other flat panel technologies as well as to help improve these great products, so that consumers are well-informed about the many advantages of LCD TVs as well as getting better value ever year."
Visit the LCD TV Association during SID's DisplayWeek (May 19-23 at the Los Angeles Convention Center) at booth #764. Media interested in speaking with the LCD TV Association at the show should contact Stacey Voorhees via e-mail at stacey@savvypublicrelations.net or call 925-336-9592.
For more information on the LCD TV Association, its membership, or to join, please www.LCDTVAssociation.Org or email us at membership@lcdtvassociation.org.
About the LCD TV Association:
The LCD TV Association is a global, non-for-profit marketing trade association, formed to help the entire LCD supply chain and retail channel through to the end consumer via various communication tools, including speeches, interviews, sponsored research, as well as industry newsletters, meetings and standards settings - resulting in information distribution. Participating at the many industry trade and consumer shows around the world to help promote members' interests, as well as creates better LCD TVs for everyone. We encourage and engage in discussions to promote the industry overall, as well as helping foster healthy competition and create better products with higher value propositions for consumers and retailers alike. The LCD TV Association can help fight the growing "specsmanship" in trade publications and refocus conversations on true image quality and understanding for consumers, and help the whole LCD TV ecosystem to improve and thrive. The LCD TV Association's "Sustaining Member" companies currently include Corning, DisplaySearch, Dolby Laboratories, Fusion Optix, HP, LG Display, Merck KGaA, Micronas, NOVA Chemicals, Syntax Brillian (Olevia), TVIA, Uni-Pixel, the U.S. Display Consortium, Veritas et Visus and Westinghouse Digital Electronics. For more information on the LCD TV Association, it's membership, or to join, please visit us on the web at www.LCDTVAssociation.Org.
About Global Lighting Technologies, Inc.
Global Lighting Technologies (GLT), Inc., Brecksville, OH, was founded in 2000 and has been a consistent innovator in LCD backlighting, providing the most efficient LED-based edge lighting technology available for today's flat panel displays. GLT's MicroLens(TM) molded light guides enable outstanding edge-lit backlighting performance, and they can reduce the high cost, thickness, and power consumption associated with traditional LED-based direct backlighting methods. GLT has thousands of employees worldwide, and over 100 patents issued or pending. With its proprietary MicroLens(TM) light extraction technology, 3-D optical design capabilities, localized customer support and 3 Far East production facilities, GLT is able to develop and produce the world's most efficient display backlights.
About LG Electronics, Inc.
LG Electronics, Inc. (KSE: 066570.KS) is a global leader and technology innovator in consumer electronics, home appliances and mobile communications, employing more than 82,000 people working in 114 operations including 82 subsidiaries around the world. LG Electronics Digital Display Company, one of LG Electronics' four business units, is a leading producer of LCD and plasma TVs and is one of the world's top makers of plasma modules. While focusing on creating feature-rich TVs, the company is also pursuing stylish designs and pushing technological boundaries to provide a more exciting viewing experience. Its product areas include: televisions and computer monitors, plasma display panels, projectors and others. For more information, please visit www.lge.com
About Luminus Devices
Luminus Devices, Inc. develops and manufactures high performance solid state light sources for a variety of illumination applications, including high definition TVs, video projectors, avionics displays, and lighting systems. Its patented PhlatLight(R) (Photonic Lattice) LED products are the brightest and most versatile solid-state light sources available today and are enabling innovative products and applications never before possible. Luminus Devices' headquarters and primary manufacturing facilities are located in Billerica, Massachusetts, U.S.A. For more information, visit www.luminus.com and www.phlatlight.com.
About VIZIO
VIZIO, Inc. "Where Vision Meets Value," headquartered in Irvine, California, is America's #1 LCD HDTV Company (2). VIZIO is bringing vision to the consumer electronics market through practical innovation. VIZIO products offer customers advanced technologies at the most affordable value. Products include the VIZIO, Maximvs and Gallevia lines of Plasma and LCD HDTVs. Many of these products can be found at BJ's Wholesale, Circuit City, Costco Wholesale, Sam's Club, Sears, Wal-Mart, and other retailers nationwide along with authorized online partners. For more information, please call 888-VIZIOCE or visit on the web at www.VIZIO.com.
(1) According to DisplaySearch's Quarterly Global TV Results and North America TV Results for Q4'07 and Q1'08.
(2) DisplaySearch research for 20"+ LCD HDTVs in year-end 2007.
PhlatLight is a registered trademark of Luminus Devices.
MicroLens is a registered trademark of Global Lighting Technologies.
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