Wave Systems Corp. (fka WAVXQ)

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GE forms new joint venture to provide global HDTV
Wed. September 24, 2008; Posted: 05:52 AM

Sep 24, 2008 (M2 EQUITYBITES via COMTEX) -- GE Diversified global infrastructure, finance and media company General Electric Company (NYSE: GE) announced on Tuesday (23 July) the formation of a new joint venture with Tatung Company, a provider of display technologies, General Displays & Technologies LLC (GDT).

GDT will reportedly design, market and service GE-branded HDTVs. These GE-branded HDTVs and complementary products will have interactive Internet functionality. The first series of the product offerings are expected to be available to consumers in Spring 2009.

GE is a 49% equity stakeholder in GDT and, as part of the agreement, GDT has entered into a new licensing agreement to market GE-branded HDTVs globally.

In addition to offering HDTVs, GDT will partner with NBC Universal (NBCU), a media and entertainment company, to develop an open platform capable of delivering Internet and other digital content directly through the television. This product is expected to allow consumers to view digital HD content from popular websites directly on their television.

http://www.tradingmarkets.com/.site/news/Stock%20News/1899661/