SAN JOSE, CA — August 8, 2002 — OMNIVISION Technologies, Inc. (Nasdaq: OVTI), a market-leading independent supplier of CMOS CameraChip™ solutions for high-volume imaging applications, today announced it is providing Concord Camera Corp (NASDAQ: LENS) with 1.3 and 2.0 Mega Pixel CameraChips™ for their Concord EyeQ® line of digital cameras. OMNIVISION Technologies will provide their OV9620 1.3 Mega pixel and the OV2610 2 Mega pixel high resolution CameraChips™ in volume to Concord Camera Corp. as part of their product offerings.
“This is a great opportunity for OMNIVISION,” stated John Lynch, VP Sales and Marketing at OMNIVISION. “Concord is a high quality digital camera supplier, and their selection of OMNIVISION’s CameraChips™ is an important design win for us.”
Announced November 12th, 2001, OMNIVISION’s OV9620 is a 1.3 million pixel resolution color CameraChip™ designed for Digital Still Camera applications that require image resolution capable of producing keepsake quality prints but where design complexity and power requirements are of concern. Similarly, the OV2610 was announced June 10th, 2002 and is a 2 million pixel resolution CameraChip™ that is pin-for-pin compatible with the OV9620. Both CameraChips™ utilize a 1/2-inch lens format and operate on 3.3 volts. The combination of high resolution and low power consumption enable camera manufacturers to provide competitive resolution camera solutions with greater battery life than competing CCD based solutions.
Pricing and Availability
OMNIVISION’s OV9620 CameraChip™ is currently available in production volumes for below $10.00. The OV2610 is currently being sampled to OEM customers and will be available later this year in production volumes. Please contact OMNIVISION via e-mail at sales@ovt.com or by visiting our website at WWW.OVT.COM.
Contact Concord at: www.concordcam.com
About OMNIVISION
OMNIVISION Technologies, Inc. is an independent CameraChip™ solutions provider. Utilizing proprietary design technology for its highly integrated still-photo and video camera solutions for high-volume imaging applications, OMNIVISION integrates multiple image processing and capture functions into a single CameraChip™ design. With the addition of only a lens, the result is a low-cost CameraChip™ that consumes less power, has a greater environmental functioning range and has a smaller footprint than typical CMOS multi-chip image sensor solutions. OMNIVISION’s CameraChip™ solutions are in cell phones, personal digital assistants, automobiles and industrial machine vision applications, as well as surveillance and biometric security applications. OMNIVISION is based in Sunnyvale, California. For more information about the company, visit our Website at www.ovt.com.
About Concord Camera Corp.
Concord Camera Corp. is a global developer, designer, manufacturer and marketer of high quality, low cost, digital, instant, Advanced Photo System (APS), and 35mm format cameras and 35mm, APS, and instant format single-use cameras. Concord markets its cameras under the trade names CONCORD®, KEYSTONE®, CONCORD EYE Q®, LE CLIC®, GOLDLINE®, APEX®, and ARGUS®. Today, Concord is one of the world’s leaders in the single-use camera category, one of the fastest growing segments of the camera market, and the largest producer of single-use cameras in the world in the private label, corporate premium and original equipment manufacturer segments of the industry. Concord sells and markets its camera products worldwide through direct sales offices in the United States, Canada, Germany, Hong Kong, the United Kingdom and France and through independent sales agents. Concord manufactures its products in its expansive, vertically integrated manufacturing facilities in the Peoples Republic of China, which includes class 10,000 “clean room” digital technology manufacturing and assembly facility.
OMNIVISION and CameraChip™ are trademarks of OMNIVISION Technologies, Inc. All other trade, product or service names referenced in this release may be trademarks or registered trademarks of their respective holders.
Certain statements in this press release, including statements regarding OMNIVISION supply of CameraChips™ to Concord and the high quality solutions that Concord can provide as a result of its relationship with OMNIVISION are forward looking statements that are subject to risks and uncertainties. These risks and uncertainties, which could cause the forward looking statements and OMNIVISION’s results to differ materially, include, without limitation: the continued manufacture and development of the 1.3 and 2.0 Mega Pixel CamerChips and the Concord EyeQ line of digital cameras; the successful integration of OMNIVISION’s products into the Concord EyeO line; the continued growth of markets for the OMNIVISION’s and Concord’s products; the risk of latent defects in OMNIVISION’s products; the continued good relations between the parties and the other risks detailed from time to time in OMNIVISION’s Securities and Exchange Commission filings and reports, including, but not limited to, OMNIVISION’s quarterly reports filed on form 10-Q. OMNIVISION disclaims any obligation to update information contained in any forward looking statement.
This press release contains forward-looking statements that involve numerous risks and uncertainties. The Company’s actual results could differ materially from those anticipated in such forward-looking statements as a result of certain factors, including those set forth in the Company’s filings with the Securities and Exchange Commission, some of which are summarized under the caption “Risk Factors” in the Company’s Annual Report on Form 10-K for the fiscal year ended June 30, 2001 and subsequently filed reports. In particular, timely introduction of Concord’s new products including but not limited to digital cameras will require satisfactory completion of our development efforts and initiation of full-scale production. Furthermore, terrorist attacks in New York and Washington, D.C. in September of 2001 have disrupted commerce throughout the United States and other parts of the world. The continued threat of terrorism within the United States and abroad and the potential for military action and heightened security measures in response to such threat may cause significant disruption to commerce throughout the world. To the extent that such disruptions result in delays or cancellations of customer orders, a general decrease in consumer spending, or our inability to effectively market and sell our products, our business and results of operations could be materially and adversely affected. We are unable to predict whether the threat of terrorism or the responses thereto will result in any long-term commercial disruptions or if such activities or responses will have a long-term material adverse effect on our business, results of operations or financial condition. Additionally, any forward-looking statements represent our estimates only as of today and should not be relied upon as representing our estimates as of any subsequent date. While we may elect to update forward-looking statements at some point in the future, we specifically disclaim any obligation to do so, even if our estimates change.