SED problems behind - Now Set to go!

[interpolator]

In a press release on January 12 Canon announced the resolution of their legal patent issues by buying out the Toshiba interest and setting up a new wholly owned subsidiary. With five hundred employees product is set for proposed delivery in Q4 2007.


Overview of SED Inc.

Company name: SED Inc.
Date of establishment: October 2004
Business activities: Development, production and marketing of SED panels
Address: 22-5 Tamura 9-chome, Hiratsuka City, Kanagawa
President: Kazunori Fukuma (now Toshiba Executive Officer and Corporate Vice President; scheduled to be hired by Canon on January 30, 2007)
Capital: JPY 10,500.05 million
Equity structure: Canon: 100% (effective January 29, 2007)
No. of employees: Approx. 550 (as of January 2007)

Link to press release:

http://www.canon.com/press/2007/sed2007jan12.html

 

[okashira]

Doesnt really look like good news. I hope I'm wrong.
product delivery in q4 is due for JAPAN only.

then it says, "although Canon will reassess its future mass-production plans for SED panels."

 

[joemama]

That's great news...but I never get excited about new technologies until more companies are on board, the price is competitive with existing tech and it's proven in the field. I guess I'm just a realist but those exact reasons are why I didn't buy a plasma until 5 years after the first models hit the market.

 

[Snowdog]

http://www.webwire.com/ViewPressRel.asp?aId=26219

Nano-Proprietary, Inc. Comments on Canon’s Press Release Regarding SED, Inc. Ownership

"Restructuring of Canon’s ownership position does not resolve the pending litigation which goes to trial in a few weeks," said Tom Bijou, Chief Executive Officer of Nano-Proprietary, Inc. "We have terminated Canon’s license as a result of breach of contract. Moreover, our complaint against Canon includes other counts, including fraud unrelated to the ownership of SED. We are, however, willing to enter into a new license agreement with Canon on reasonable terms."

In other words. Canon paid millions for a license that Nano Proprietary thought would never get working anyway. Now that they are getting close to a real product, NP want to get more money.