PixTech Demonstrates 7-Inch Color FED; Pilot Line Production Quantities in 2001 and Volume Production in 2002

    SANTA CLARA, Calif. & ROUSSET, France--April 25, 2001--PixTech, Inc. today announced the successful demonstration of its 7-inch color field emission display at the USDC Investor Conference in New York.
    Dieter Mezger, President and Chief Executive Officer, stated, "The public demonstration of the 7-inch color display is a significant milestone for PixTech. We believe there is a large market potential for color FEDs, especially in the fast developing area of automotive navigation and entertainment applications. The 7-inch color FED display has medium to high anode voltage, a 16:9 aspect ratio, a color resolution of 480 x 234 and is designed for manufacturability. We anticipate more pilot production quantities in 2001 and volume production beginning in 2002."
    The 7-inch color FED development is partly funded from an Information Society Technologies program of the European Commission, as announced with a press release in January 2000. Partners in this program are Audi, XSYS, Leti and SAES. We expect to deliver 7-inch color display samples to Audi by the end of June.
    The USDC is a forum for flat panel display manufacturers, developers, users and equipment materials suppliers. PixTech presented at the 2001 USDC Investors Conference on Tuesday, April 24, 2001.

    About PixTech, Inc.

    PixTech designs, develops and manufactures field emission displays (FEDs), a new type of flat-panel display. The company operates a flat-panel display pilot manufacturing facility in Montpellier, France, an R&D facility in Boise, Idaho, and has offices in Boise (Idaho), Santa Clara (California), and Rousset (France). PixTech is currently developing high-volume manufacturing capabilities for its FEDs in Taiwan under a contract manufacturing arrangement with Unipac, a Taiwanese AM-LCD manufacturer. PixTech has also established a marketing partnership with Sumitomo Corporation, its exclusive distributor in Japan. More information is available from the company's web site at http://www.pixtech.com.

    Statements that are not historical facts, including statements about market demand, acceptance of new products, delivery of prototypes, and anticipated production quantities, are forward-looking statements that involve risks and uncertainties. These uncertainties include, but are not limited to, the risk associated with transitioning to high volume manufacturing of FED displays at Unipac, product demand and market acceptance risks, commitment of Unipac and/or of PixTech licensees, PixTech's ability to grant other licenses under FED technology, validity and enforceability of PixTech's patent rights, infringement by PixTech of others' patent rights, impact of competitive product and prices, product development, commercialization or technological delays or difficulties, trade, legal, social and economic risks detailed in PixTech's Securities and Exchange Commission filings, including its annual report on form 10-K for the year ended December 31, 2000 and any subsequent filings.