NVIDIA and ELSA Form Strategic Partnership to Transform the Workstation Market
Industry Leaders Cooperate to Deliver High-Performance Solution for Graphics Professionals
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For Immediate Release
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."
ELSA is one of the leading providers of Internet access and computer graphics solutions for the PC. Its product range includes modems, ISDN adapters, ISDN and DSL routers, videoconferencing systems, graphics boards and monitors. ELSA was founded in 1980 and today has around 600 employees. In addition to its headquarters in Aachen, Germany, it also maintains subsidiaries in San José, USA, Taipei, Taiwan and Tokyo, Japan as well as in London (UK), Paris (France), Milan (Italy) and Eke (Belgium). Since June 1998, ELSA AG shares are traded on the "Neuer Markt" (WKN 507 360) trading segment of the Frankfurt stock exchange in Germany. For more information, please visit the Company´s web site at http://www.elsa.com or ELSA´s PressLounge at: http://presslounge.elsa.com.
The computing industry recognizes NVIDIA as the global leader in advanced graphics processing technology for mainstream platforms, honoring the company with the most graphics awards in the history of the PC industry. The unmatched breadth of the NVIDIA product family enables gripping multimedia experiences for the entire desktop computer market from workstations to internet-enabled appliances. PC OEMs, add-in card manufacturers, system builders, and consumer electronics companies worldwide choose NVIDIA GPUs as the core component of their graphics processing solutions. NVIDIA GPUs are used by large corporations, small- to medium-sized businesses, and home-based consumers. NVIDIA graphics processors deliver superior performance and crisp visual quality for PC-based applications such as manufacturing, science, e-business, entertainment, and education. For more information, please visit the Company's web site at http://www.nvidia.com.
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.
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