Industry Leaders Cooperate to Deliver High-Performance Solution for Graphics
SIGGRAPH, NEW ORLEANS - JULY 25, 2000 - NVIDIA Corporation® (Nasdaq: NVDA)
and ELSA AG (Neuer Markt Frankfurt: WKN 507 360) announced today the
formation of a strategic partnership in the workstation graphics market.
NVIDIA and ELSA today signed a letter of intent to combine their workstation
expertise to build a complete line of industry leading professional
workstation products. The two companies will jointly market a complete line
of workstation products, designed and built by NVIDIA. NVIDIA will market
directly to all major OEMs, while ELSA will receive the worldwide exclusive
distribution rights to market to all other channels, including system
integrators, value-added resellers and distributors. As part of the
partnership, ELSA's workstation graphics engineering team will join NVIDIA.
Further terms of the agreement were not disclosed.
"ELSA is a recognized leader in professional workstation graphics solutions.
This partnership is a crucial step in NVIDIA's plan to transform the
workstation industry," said Jen-Hsun Huang, president and CEO of NVIDIA.
"We intend to combine ELSA's experience and knowledge of the workstation
markets with our industry leading graphics technology to offer a world class
family of products that solve the challenging graphics needs of the
visualization, animation, and CAD professionals."
"The combination of our extensive workstation experience and NVIDIA's
breakthrough technology is unbeatable," stated Theo Beisch, president and
CEO of ELSA AG. "This agreement will enable ELSA to access the best
technology in the world and timely deliver cutting-edge graphics solutions
to workstation professionals world wide. This exclusive partnership will
enable ELSA to utilize our worldwide brand and channel presence to more
efficiently service our growing international customer base."
Certain statements in this press release, including the statements relating
to the Company's performance expectations for NVIDIA's family of products
and expectations of continued revenue growth, are forward-looking statements
that are subject to risks and uncertainties that could cause results to be
materially different than expectations. Such risks and uncertainties
include, but are not limited to, manufacturing and other delays relating to
new products, difficulties in the fabrication process and dependence of the
Company on third-party manufacturers, general industry trends including
cyclical trends in the PC and semiconductor industries, the impact of
competitive products and pricing alternatives, market acceptance of the
Company's new products, and the Company's dependence on third-party
developers and publishers. Investors are advised to read the Company's
Annual Report on Form 10-K and quarterly reports on Form 10-Q filed with the
Securities and Exchange Commission, particularly those sections entitled
"Factors Affecting Operating Results," for a fuller discussion of these and
other risks and uncertainties.