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Sharp Opens New Business Development Initiative in United StatesSharp Technology Ventures Releases Video Software for Sports SummarizationCAMAS, Wash., March 23, 2004 – Sharp Laboratories of America launched today a new business development initiative called Sharp Technology Ventures. By pursuing opportunities for the technologies developed in Sharp Laboratories of America, Sharp Technology Ventures will help the company realize the potential for its intellectual property that have implications beyond the scope of Sharp’s primary business strategy, and that can benefit consumers worldwide. From the Sharp Laboratories headquarters in Camas, Wash., Sharp Technology Ventures will pursue business development opportunities, including joint development, licensing and spinouts, for select Sharp technologies. The development team will work closely with technology partners, including OEMs, software and hardware technology companies, government agencies, venture firms, and others. Jon Clemens, Ph.D., who recently retired as CEO and president of Sharp Laboratories of America, will lead Sharp Technology Ventures. Clemens brings years of executive leadership in research and development to Sharp Technology Ventures, having founded Sharp Labs, and also having served in executive roles with other premier R&D labs like Sarnoff Corporation, SRI International, and RCA. “In the course of its extensive R&D efforts, Sharp Corporation and its subsidiary Sharp Laboratories of America have invented a number of breakthrough technologies that are ideally suited to the North American marketplace” said Clemens. “With a business development initiative like Sharp Technology Ventures, we have the ability to leverage these technologies into products developed by other organizations.” Technology offerings from Sharp Technology Ventures primarily will be derived from the six core research areas at Sharp Laboratories of America, including digital audio/video systems, multimedia and wireless communications, digital imaging systems, information technologysystems, integrated circuit process technology and liquid crystal display process technology. The researchers who support Sharp Technology Ventures have a track record for developing practical, applicable technologies that can be incorporated in products in market demand. These researchers also bring with them more than 286 patents for technologies and processes from Sharp Laboratories of America. Among the first technology packages to be available for commercialization from Sharp Technology Ventures is HiMPACT ™ Sports, a novel video summarization software technology for sports such as baseball, football, soccer and more. Sharp Technology Ventures is also offering real-time face location and tracking technology, scanner reproduction technology to improve quality and reduce costs of imaging reproduction systems, and battery optimization technology for cell phones. These technology packages, along with other available intellectual property, can be found at www.sharptechnologyventures.com. About Sharp Technology VenturesSharp Laboratories of America through its Sharp Technology Ventures initiative pursues business development opportunities with partners who are developing new products or process technologies. The intellectual property is focused in the core research areas of digital audio/video systems, multimedia and wireless communications, digital imaging systems, information technology systems, integrated circuit process technology and liquid crystal display process technology. Sharp Technology Ventures leverages the brand strength and technical expertise of Sharp Corporation, and thereputation for innovation from Sharp Laboratories of America, where its technologies are developed. For more information about the Sharp Technology Ventures initiative, please contact 360-817-7410, or visit www.sharptechnologyventures.com. Media contact:
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