Syntax-Brillian Announces $20 Million Strategic Investment

Syntax-Brillian Corporation announced recently that it has raised approximately $20 million in a strategic financing with Taiwan-based TECO Electric & Machinery Co., Ltd.

The investment comprises 3,083,945 shares of common stock priced at $6.4852 per share. There were no warrants issued in connection with this strategic financing.

In addition to the financing transaction, Syntax-Brillian, Taiwan Kolin Company Limited, and TECO have entered into a three-way alliance wherein Kolin will oversee the supply-chain management and product development platform of various TECO branded products for distribution in Taiwan as well as other regions of the world that all three companies agree to enter. TECO will also provide supply-chain financing of up to $100 million for the purchase of key components in support of Olevia branded LCD TVs.

The investment and the associated off-balance-sheet supply-chain financial support provide capital to continue Syntax-Brillian’s growth, including expanding its manufacturing base and supporting the company’s efforts to continue elevating awareness of the Olevia brand among consumers worldwide.

Syntax-Brillian Corporation (www.syntaxbrillian.com) is one of the world’s leading manufacturers and marketers of LCD and LCoS HDTVs and digital entertainment products. The company’s lead products include its Olevia brand (www.olevia.com) of widescreen HDTV-ready and HD-built-in LCD TVs — one of the fastest growing global TV brands — and its Gen II LCoS 720p and 1080p rear-projection HDTVs for the high-end video/audio market. Syntax-Brillian’s global supply chain, Asian operations and North American sales channels position the company as a market leader in consumer and high-end HDTV and digital entertainment products.

For more information, please visit www.syntaxbrillian.com