Press Release
- 2002
ATI Technologies and Pinnacle Systems Announce Strategic Partnership
Monday April 8, 2002
MARKHAM, Ontario - ATI Technologies
Inc. (TSE:ATY, NASDAQ:ATYT) and Pinnacle Systems, Inc. (NASDAQ:
PCLE) have agreed to join forces to combine ATI's graphics technologies
with Pinnacle's video technologies for future product developments.
Pinnacle will utilize ATI's leading edge graphics and video
technology as its hardware platform for future prosumer video
editing solutions. ATI will bundle Pinnacle's award winning
consumer video editing software with its future WONDER-branded
products.
"ATI is the clear leader in combining graphics and video
technology," said Bill Loesch, Vice President, Engineering
and Product Management, Personal Web Video Division, Pinnacle
Systems. Inc. "By combining ATI's innovative graphics
technology with Pinnacle's superior video technology, we will
deliver revolutionary products to our customers. Our goal
is to work with ATI as our strategic technology partner to
deliver exciting video editing solutions later this year."
"We have long recognized Pinnacle Systems as the provider
of the best video editing software solution for the consumer
market," said Rick Bergman, Senior Vice President of
Marketing, ATI Technologies Inc. "By marrying Pinnacle's
technologies with ATI's award winning All-in-Wonder and DV
WONDER product lines, our products will remain the decisive
leaders of all PC video solutions. ATI's customers will greatly
benefit from our strategic relationship with Pinnacle as they
will get the best video hardware from ATI and the industry's
best editing software created by Pinnacle."
This
press release contains forward-looking statements that involve
risks and uncertainties. Actual results may be materially different
from those contained in such forward-looking statements. The
markets for the Company's products are characterized by rapidly
changing technology, evolving industry standards, frequent new
product introductions, emerging competitors and significant
price competition. In the event that the Company is unsuccessful
in identifying, developing, manufacturing or marketing new products
or enhancing its existing products or maintaining its historic
prices or margins, its operating results will be adversely affected.
Additional information concerning factors that could cause actual
results to materially differ from those in such forward-looking
statements is contained in the Company's filings with securities
regulatory authorities. ATI disclaims any obligation or intention
to update or revise any forward-looking statement, whether as
a result of new information, future events or otherwise.
Copyright 2002 ATI Technologies Inc. All rights reserved. ATI
and ATI product and product feature names are trademarks and/or
registered trademarks of ATI Technologies Inc. All other company
and product names are trademarks and/or registered trademarks
of their respective owners. Features, pricing, availability
and specifications are subject to change without notice.
Company Background
Founded in 1985, ATI Technologies Inc. is a world leader in
the supply of graphics, video and multimedia solutions for the
personal computer and Mac platforms. The pioneer, innovator
and market leader in the graphics industry, ATI provides cutting-edge
technologies for the PC, workstation, set-top box, game console
and other consumer appliances markets. The Company has more
than 1,900 employees supporting customers from its headquarters
in Markham, Ontario, Canada, as well as from offices in Barbados,
France, Germany, Hong Kong, Ireland, Japan, Malaysia, the United
Kingdom and the United States. ATI common shares trade on NASDAQ
(ATYT) and the Toronto Stock Exchange (ATY).
About Pinnacle Systems, Inc.
Pinnacle Systems provides cutting-edge digital video creation,
storage, streaming and viewing solutions for broadcasters,
video professionals and consumers. Pinnacle Systems solutions
help enable the creation, management and distribution of video
via cable, satellite, video-on-demand (VOD), digital video
disks (DVDs) and the Internet, along with consumer editing
products for home movie making and DVD creation. The company
has won eight Emmy Awards for its technical innovations for
broadcast products and carries its commitment to technology
throughout all of its product lines. Pinnacle Systems may
be reached at (650) 526-1600 or at www.pinnaclesys.com.
Contact Information
For media or industry analyst support, visit our Web site
at http://www.ati.com or contact:
Pedro Cabezuelo, Senior Counsellor, BenchMark Porter Novelli
at (416) 422-7164 or pcabezuelo@bmporternovelli.com
For Information:
John Swinimer, Public Relations Manager, Consumer Products,
at (905) 882-2600, Ext. 8456 or swinimer@ati.com
For investor relations support, please contact:
Janet Craig, Director, Investor Relations, ATI Technologies
Inc., at (905) 882-2600, Ext. 2631 or jcraig@ati.com
