Zoran Corporation (Nasdaq: ZRAN) and NEC Corporation (Nasdaq: NIPNY; FTSE: 6701q.1) announced that they have worked together to deliver high quality, affordable DVD recording solutions for consumer electronics manufacturers producing DVD recorders.
The combination of Zoran's and NEC's proven advanced technologies helps consumers electronics manufacturers to realize a quicker entry into the DVD recorder market. These technologies enable recording on all of the popular DVD recorder formats, including DVD-R, DVD-RAM, DVD-RW, DVD+R, and DVD+RW.
Zoran-NEC solutions provide a wide selection of options for DVD recorder makers to expand their product lineup from standard DVD players, to offer upgrades from the VCR, and most importantly to increase their overall profit margins.
"We chose to work with Zoran as a strategic partner because of its global leadership in the DVD player market. Zoran has an especially strong presence in Japan where there are numerous DVD recorder manufacturers. In addition, the high quality audio and video DSP technology combined with a strong engineering team makes Zoran an ideal partner to address this quickly developing market. We believe our combined expertise has delivered a world-class, feature-rich solution for the DVD recording industry," said Yoshinori Fujiki, general manager, system LSI solutions engineering division, NEC Corporation in Japan.
"NEC and Zoran have been supplying advanced multimedia solutions to the home entertainment market for over four years. It makes sense for us to work together to deliver significantly cost-reduced DVD recording technology," said Camillo Martino, executive vice president and COO at Zoran Corporation. "The strategic partnership with NEC has enabled Zoran to generate new revenue for the Vaddis product line in the DVD recorder market much earlier than originally anticipated."
Published by Globes [online] - www.globes.co.il - on 29 May, 2002