PixTech Delivers 7-inch Color Displays for Audi Evaluation

Business Wire, June 11, 2001

Business Editors/High-Tech Writers

SANTA CLARA, Calif. & ROUSSET, France--(BUSINESS WIRE)--June 11, 2001

PixTech, Inc. (Nasdaq:PIXT)(EASDAQ:PIXT) today announced the delivery of 7-inch full-color field emission displays (FEDs) for evaluation by Audi under the Information Society Technologies Program of the European Commission started in January, 2000.

The displays delivered are 7-inch (diagonally), full color FEDs, and have a 16:9 aspect ratio, a 480 x 234 resolution and brightness over 600 cd/m2 after filter enabling true video rate capability.

Dieter Mezger, President and CEO of PixTech, stated, "I am very pleased with the on-time delivery of these displays and the performance the technology demonstrates at this early stage in development."

Bernhard Senner, Audi project leader, commented, "We are very excited to start our testing of PixTech's display for use in our automotive application."

Partners of the European Commission IST funded project include PixTech, Audi, XSYS, LETI, and SAES Getters. PixTech is responsible for the development and manufacturing of the FED 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 et d'Instrumenations), 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, will optimize getter materials for FEDs.

About Audi

Audi is a German car manufacturer, belonging to the VOLKSWAGEN group. Audi has manufacturing plants in Ingolstadt (Germany), Neckarsulm (Germany) and Gyoer (Hungary) with a total capacity of 600,000 cars a year. Audi is oriented towards quality and technological innovation in cars. Quattro, TDI, aluminum body and state of the art electronic equipment are all representative of the Audi slogan "advantage by technology". As an early integrator of graphic displays for car information systems, Audi has extensive interest in new display technologies.

About PixTech, Inc.

PixTech designs, develops and manufactures field emission displays (FEDs), a 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 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 potential product applications, are forward-looking statements that involve risks and uncertainties. These uncertainties include, but are not limited to, the risks associated with transitioning to high volume manufacturing of FED displays at Unipac, product demand and market acceptance risks, the commitment of Unipac and of PixTech licensees, PixTech's ability to grant other licenses under FED technology, 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.