October 29, 2008
Hyundai Autonet Has Chosen Techwell for the Automotive Infotainment System Installed in Grandeur
SAN JOSE, Calif., Oct. 29, 2008 (GLOBE NEWSWIRE) -- Techwell, Inc. (Nasdaq:TWLL), a leading designer of mixed signal video semiconductor solutions for the security surveillance, automotive, consumer and PC markets, today announced that Hyundai Autonet (HD Autonet), the largest automotive electronics company in Korea, is utilizing Techwell's TW8810 LCD Controller for SHARP(tm) dual-view panels in their premium in-car entertainment platforms featuring the dual view AV System. The dual view AV system is installed in the Grandeur line of automobiles from the Hyundai Motor Company and began mass production in February of 2008. Leveraging Techwell's TW8810, HD Autonet's Automotive Infotainment System enables the driver to view a full screen of navigation content and the passenger to view a full screen movie on the same LCD display simultaneously. Techwell's TW8810 is believed to be the only integrated ASIC solution currently on the market that enables SHARP(tm) dual-view displays.
"Techwell's TW8810 is the most highly integrated, feature rich solution on the market today for automotive infotainment solutions," said Tae-jin Kim, an engineer of Hyundai Autonet. "With Techwell's TW8810 and on-going technical support, we were able to reduce our hardware and firmware development time and bill of material cost, giving us a competitive advantage in the automotive infotainment market. In addition, Techwell's customizable bit-mapped OSD allowed us to generate a vivid GUI (Graphical User Interface)."
"We are very pleased to have been selected by Hyundai Autonet, an automotive electronics specialist and the largest automotive electronics company in Korea, for their dual view AV system installed in Grandeur," said David Nam, VP Sales and Marketing for Techwell. "This design-win highlights our ability to provide high-performance, scalable LCD IC products to the growing in-car entertainment market. We look forward to continue our close collaboration with Hyundai Autonet."
Applications such as navigation, entertainment and driver information systems are causing the proliferation of in-car LCD displays in the automotive market. These displays are capable of displaying video and graphics signals from a variety of sources, including navigation systems, DVDs, game consoles, TV tuners and cameras. According to Telematics Research Group, shipments of navigation, entertainment and driver information systems are expected to grow from a combined 16.5 million units in 2004 to a combined 47.2 million units in 2009, representing a compound annual growth rate of 23%. In addition to being incorporated into new automobiles by manufacturers, these systems are also increasingly being purchased by consumers in the aftermarket. Techwell first introduced its integrated LCD display processor in 1999 and their newest generation products demonstrate an on-going commitment to this expanding market.
Techwell is a semiconductor company that designs, markets and sells mixed signal integrated circuits for multiple video applications in the security surveillance, automotive, consumer and PC markets. Techwell designs both general purpose and application specific products that enable the conversion of analog video signals to digital form and perform advanced digital video processing to facilitate the display, storage and transport of video content. Headquartered in San Jose, CA, Techwell currently has over 150 employees in the U.S., Korea, Taiwan, China and Japan. Please visit http://www.techwellinc.com for more information.
About Hyundai Autonet
Established in 1985, Hyundai AUTONET has been specialized in automotive electronics including multimedia systems & mechatronics for vehicles. Hyundai Autonet was ranked world 1st in IQS (Initial Quality Study) for car audio by J.D. Power & Associates in 2003 and 2007. Hyundai Autonet operates global networks for R&D, production, sales in Europe, U.S., China, India, Japan. As Korea's largest company in automotive electronics, with over US $1 billion in sales volumes and 2,300 people globally in 2007, Hyundai Autonet is moving forward with a managerial vision of becoming a global leader in automotive electronics. Please visit http://hyundaiautonet.com for more information.
This news release was distributed by GlobeNewswire, www.globenewswire.com
CONTACT: For Techwell, Inc. Morphoses PR Sabrina Joseph 1-408-726-1577 [email protected] 408 East Plumeria Drive San Jose, CA 95134 U.S.A. Hyundai Autonet Yun-geun, Oh 82-10-7926-1019 82-31-639-7918 [email protected]