OT Digital Video Systems' Korea Subsidiary Makes First Shipments Under Visteon Purchase Order
Thursday July 1, 8:30 am ET
PALO ALTO, Calif., July 1 /PRNewswire-FirstCall/ -- Digital Video Systems (Nasdaq: DVID - News) announced that its subsidiary in South Korea has shipped automotive DVD players to Visteon Corporation (NYSE: VC - News), under the purchase contract announced in January. Visteon is a leading automotive supplier with annual revenues in excess of $17 billion.
Visteon is purchasing a versatile portable DVD player that DVS has designed to fit into Visteon's docking station for use in vehicles. The Visteon system is marketed nationally in the United States under the trade name of "Dockable Family Entertainment System(TM)." The player blends into a vehicle's interior and can move easily from in-vehicle use to laptop or in- home use. The DVS designed automotive grade portable DVD player weighs only 2.5 lbs, gives consumers a large 10-inch viewing screen, remote control, and infrared headphones. Visteon's docking unit and the compatible, portable DVD player are designed as a modular unit. The player simply locks into the nearly flush mounted docking unit. Front seat occupants have the opportunity to listen to the radio or CD of their choice, while rear seat passengers enjoy video and other entertainment.
When docked, the player uses the vehicle's power supply and audio system to operate and charge its batteries. The unit can be removed and will play for approximately three hours on its battery power. Because the system is modular consumers can install docking units in several vehicles so that one player can be easily transferred from one vehicle to another.
The system package includes accessories like infrared headphones and a remote control. Optional equipment includes a carrying case, battery charger/AC adapter and even a bass booster for enhanced sound. The portability of Visteon's aftermarket system adds a measure of security and accessibility at home or on the road.
Visteon's Dockable Family Entertainment System is a low profile, clamshell, laptop-type configuration that plays DVDs, CDs, and CDs containing MP3 and WMA (Windows Media Audio) files. Auxiliary jacks on the player accept input from other devices, such as game units or camcorders.
The Visteon Dockable Family Entertainment System is currently available through car dealers and selected independent automotive accessory distributors.
DVS Chairman and CEO Thomas A. Spanier commented, "We are excited that we have reached the purchase order stage and made initial deliveries on this proprietary product. We won this contract in head-to-head competition against top Japanese and Korean name brands, with our rapid engineering turnaround, high quality and competitive pricing. This product incorporates our proprietary technologies in vibration and shock resistance and temperature range tolerance, as well as the ISO/TS 16949:2002 certification that our quality management system has earned. The new Dockable Family Entertainment System(TM) is the 'latest and greatest' of several automotive products which DVS is now shipping. Anybody planning a long car vacation with their kids this summer ought to think twice about pulling out of the driveway without a DVS designed Visteon product in the family SUV or van."
