PixTech Delivers Displays for Audi Evaluation

    SANTA CLARA, Calif. & ROUSSET, France--Dec. 3, 2001--PixTech, Inc. today announced the delivery of field emission displays to be evaluated by Audi under the European Commission IST development program. The displays delivered are 7-inch full color field emission displays with a 480 x 240 resolution and a brightness of 500 cd/m2.
    This delivery is part of a European Commission IST Program announced by PixTech in January of 2000. Under the terms of the program, PixTech is receiving funding from the European Commission of approximately 1.8 million EUR to design and develop the field emission displays. Audi will perform the testing and evaluation of the displays.
    Ron Ritchie, president and CEO of PixTech, stated, "While developing the Audi displays, our team achieved new FED quality standards. We expect that our involvement in this EC IST development program will enable us to introduce field emission displays into the automotive market for navigation and entertainment applications."
    Bernhard Senner, Audi project leader, commented, "PixTech's development effort is to be commended. The team has quickly advanced the concept of FED technology for use in automotive applications from the design stage to the evaluation phase. We look forward to assessing these final evaluation units and cooperating with PixTech in the future."
    Partners of the 3 million EUR European Commission IST funded project include PixTech, Audi, XSYS, LETI, and SAES Getters. PixTech is responsible for the development and manufacturing of the field emission displays. Audi, a subsidiary of Volkswagen, is responsible for testing and evaluation. XSYS, a subsidiary of Harman International, is responsible for systems integration. LETI (Laboratoire d'Electonique de Technologie de l'Information), the research arm of CEA (Commissariat a l'Energie Atomique -- the French atomic agency), is responsible for special tasks and SAES Getter, a world leader in getters, is optimizing getter materials for FEDs.

    About PixTech, Inc.

    PixTech, Inc. is an advanced flat-panel display company dedicated to commercializing its high-quality field emission display ("FED") technology. PixTech operates a flat-panel display pilot manufacturing and a research and development facility in Montpellier, France, and has offices in Santa Clara, Calif., and Rousset, France. To manufacture PixTech's FED products, the company works with a contract manufacturer, AU Optronics. In addition to various design wins for the 5.2-inch monochrome display in both the medical and automotive industries, PixTech recently announced the completion of the first phase of the 7-inch Color Display FED and is currently focused on volume production and penetration of new markets for its color displays. More information is available from the company's web site at http://www.pixtech.com.

    Statements that are not historical facts, including statements about the introduction of products into new markets, are forward-looking statements that involve risks and uncertainties. These uncertainties include, but are not limited to, the risks associated with manufacturing of FED displays at AU Optronics, product demand and market acceptance risks, the validity and enforceability of PixTech's patent rights, the risk of infringement by PixTech of others' patent rights, the impact of competitive product and prices, product development, commercialization and technological delays or difficulties, 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.