CYPRESS, Calif, July 13, 1992 -- Mitsubishi Electronics America, Inc. today announced that its parent company, Mitsubishi Electric Corporation (Tokyo), will begin manufacturing Aperture-Grille cathode-ray tubes (CRT) incorporating Trinitron technology acquired in an agreement with Sony Corporation. With the agreement, Mitsubishi Electric will become the first company to acquire Sony's patents for the Trinitron design and manufacture CRTs based on this technology. Mitsubishi Electric will incorporate the CRTs into its own brand-name display monitors and original equipment manufacturer (OEM) display monitors. The company also may sell the CRTs as component parts. Mitsubishi Electric currently is one of the world's leading suppliers of Shadow-Mask CRTs, a technology used by all other CRT manufacturers. The company will continue to manufacture Shadow-Mask CRTs in addition to the Aperture-Grille format. The new Mitsubishi CRTs will blend technology from the Aperture-Grille design with technological innovations developed for Mitsubishi's Shadow-Mask CRTs. "Combining the best CRT technologies will enable Mitsubishi Electric to create a truly unique and superior product," said Yoshihiko Shimonaga, executive vice president for Mitsubishi Electronics America Inc.'s Information Systems Division. "By offering the two most popular CRT formats to our customers we will continue to maintain our leadership position," he added. To accommodate production of the CRTs, Mitsubishi Electric will invest $11.5 million in its Kyoto Works manufacturing facility in Japan. Production is scheduled to begin later this year and will reach a projected capacity of 500,000 units annually by 1994 or 1995. Mitsubishi Electronics America, Inc. (MELA) markets an extensive line of consumer, commercial and industrial electronics products for a wide variety of applications. With 1,300 employees in 30 locations nationwide, MELA is the largest subsidiary of holding company Mitsubishi Electric America, Inc., whose member companies are committed to enhancing people's lives through the manufacturing and marketing of advanced high-quality products and services. Mitsubishi Electronics America Inc Information Systems Division 5665 Plaza Dr, PO Box 6007 Cypress, CA 90630-0007 714-220-2500 +---------------------------------------------------------------+ | From the America Online New Product Information Services | +===============================================================+ | This information was processed with OmniPage Professional OCR | | software (from Caere Corp) & a Canon IX-30 scanner from data | | provided by the above mentioned company. For additional info, | | contact the company at the address or phone# indicated above. | | All submissions for this service should be addressed to | | BAKER ENTERPRISES, 20 Ferro Drive, Sewell, NJ 08080 U.S.A. | +---------------------------------------------------------------+