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Syndiant Adds Staff to Accelerate Pico Projector Development; Grows 53 Percent
DALLAS March 30, 2009 – Seeing explosive demand for its pico projector technology, Syndiant announces that it has increased its staff 53 percent after receiving funding from the Texas Emerging Technology Fund (TETF).
Syndiant has the key enabling technology for pico projectors, one of the most exciting areas in consumer electronics today. Pico projectors are ultra miniature projectors, small enough to fit into cell phones, media players and laptops that can generate large and higher resolution images from small devices.
“It is well known that investment in innovative small companies is the way to grow jobs and this serves as a prime example. Many of our new employees are from Texas Instruments DLP® group that is also working on pico projectors. Our growth reflects an increasing recognition among our customers that we have the best and most cost effective technology to address the pico projector market.
“We were able to add experienced engineering staff thanks to the $3.5 million Technology Commercialization investment by TETF,” said Mark Harward, CEO of Syndiant. “Growing a company in a down market allows for much better capital efficiency as everything needed for growth costs less and the pool of available talent is greater. As we raise our next investment round and ramp to mass production, we will likely need to add more jobs to meet what we see as a very large market.”
The newly hired employees will focus on achieving mass production in the second half of 2009, as well as supporting more than 70 companies interested in using Syndiant’s pico projector display technology.
“We are very pleased to welcome each new member to our team. They possess a unique mix of skills and experience and will provide an immediate impact to accelerate Syndiant’s production launch of our exciting suite of products for pico-projectors, further growing our national and international presence,” stated Harward.
Syndiant manufactures the world’s smallest and highest resolution spatial light modulating chips. Syndiant’s patented technologies will provide a large screen experience in handheld electronics, such as smartphones, notebook computers, portable media players, video game consoles and cameras. The company is headquartered in Dallas, with a branch office in Taiwan. For more information and a video that demonstrates Syndiant’s technology, visit www.syndiant.com.
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