Sigma Designs Announces Partnership With VIZIO to Incorporate Connected TV Chipset in Innovative New Cinemawide(R) HDTVs
MILPITAS, CA -- (Marketwire) -- 06/25/12 -- Sigma Designs (SIGM), a leading provider of System-on-Chip (SoC) solutions for home entertainment connectivity and control, announced today that its chipset has been selected by VIZIO, America's #1 LCD HDTV company,* for its new ultra wide Cinemawide® HDTVs. The VIZIO Cinemawide HDTV brings panoramic 21:9 aspect ratio to the U.S. for the first time, expanding the boundaries of conventional widescreen to deliver a new standard of entertainment in breathtaking 2560 x 1080 resolution. The ultra wide 21:9 panoramic screen allows viewers to enjoy movies formatted in cinemascope aspect ratio by filling the screen, for a movie-watching experience just like at the theater. Featuring crystal clear, flicker-free Theater 3D" and built-in Wi-Fi with VIZIO Internet Apps®, the Cinemawide HDTV delivers an immersive, cinema-quality experience.
"The VIZIO Cinemawide HDTV gives consumers the ultimate movie theater experience in their own home," said Matt McRae, VIZIO CTO. "We selected the HiDTVPro solution from Sigma Designs to ensure this innovative product delivers outstanding picture quality and functionality."
Sigma's HiDTV® Pro production-ready platform enables the delivery of Over-The-Top (OTT), interactive and cloud-based services including on-demand video, music and games to the living room and brings a rich array of multimedia content to the large screen with the highest picture quality. The HiDTV Pro offers industry-leading picture and sound quality with 120Hz FRC, best-in-class 2D-3D conversion, and precision digital and analog demodulators for a superior cinema-like experience.
"VIZIO's Cinemawide line is a great example of the kind of innovation OEMs can produce when they have the right partner providing a complete turnkey solution," said Mustafa Ozgen, Sigma Designs' vice president and general manager, DTV Business Unit. "We're thrilled that an industry leader like VIZIO is taking Sigma's HiDTV Pro platform to production."
About Sigma Designs, Inc.
Sigma Designs, Inc. is a world leader in connected media platforms. The company designs and builds the essential semiconductor technologies that serve as the foundation for the world's leading IPTV set-top boxes, DTV, connected media players, residential gateways, home control systems and more. For more information about Sigma Designs, please visit www.sigmadesigns.com.
Sigma Designs, Secure Media Processor, and the Sigma Designs logo are either registered trademarks or trademarks of Sigma Designs, Inc. and its subsidiaries in the United States and other countries. All other trademarks mentioned herein are believed to be trademarks of their respective owners.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including statements about the anticipated features and benefits of Sigma's products and solutions. Actual results may vary materially due to a number of factors including, but not limited to, Sigma's ability to deploy and achieve market acceptance for Sigma's products in its target markets, including the digital TV market, the ability of its SoCs to compete with other technologies or products in these markets as well as other risks that are detailed from time to time in Sigma's SEC reports, including its report on Form 10-Q as filed June 7, 2012. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Sigma undertakes no obligation to publically release or otherwise disclose the result of any revision to these forward-looking statements that may be made as a result of events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
* Source: IHS iSuppli Corporation Research Q2 2012 Market Tracker Report of Q1 2012
Press Contacts: Mary Miller Sigma Designs +1-408-957-9885 Mary_Miller@sigmadesigns.com Edward McGregor Investor Relations Sigma Designs +1 (646) 259-2999 IR@sigmadesigns.com
Source: Sigma Designs, Inc.