NVIDIA & ELSA Team Up
NVIDIA AND ELSA FORM STRATEGIC PARTNERSHIP TO TRANSFORM THE WORKSTATION MARKET
Industry Leaders Cooperate to Deliver High-Performance Solution for Graphics
Professionals
SIGGRAPH, NEW ORLEANS - JULY 25, 2000 - NVIDIA Corporation® (Nasdaq: NVDA)
and ELSA AG (Neuer Markt Frankfurt: WKN 507 360) announced today the formation
of a strategic partnership in the workstation graphics market. NVIDIA and ELSA
today signed a letter of intent to combine their workstation expertise to build
a complete line of industry leading professional workstation products. The two
companies will jointly market a complete line of workstation products, designed
and built by NVIDIA. NVIDIA will market directly to all major OEMs, while ELSA
will receive the worldwide exclusive distribution rights to market to all other
channels, including system integrators, value-added resellers and distributors.
As part of the partnership, ELSA's workstation graphics engineering team will
join NVIDIA. Further terms of the agreement were not disclosed.
"ELSA is a recognized leader in professional workstation graphics
solutions. This partnership is a crucial step in NVIDIA's plan to transform the
workstation industry," said Jen-Hsun Huang, president and CEO of NVIDIA.
"We intend to combine ELSA's experience and knowledge of the workstation
markets with our industry leading graphics technology to offer a world class
family of products that solve the challenging graphics needs of the
visualization, animation, and CAD professionals."
"The combination of our extensive workstation experience and NVIDIA's
breakthrough technology is unbeatable," stated Theo Beisch, president and
CEO of ELSA AG. "This agreement will enable ELSA to access the best
technology in the world and timely deliver cutting-edge graphics solutions to
workstation professionals world wide. This exclusive partnership will enable
ELSA to utilize our worldwide brand and channel presence to more
efficiently service our growing international customer base."
Certain statements in this press release, including the statements relating
to the Company's performance expectations for NVIDIA's family of products and
expectations of continued revenue growth, are forward-looking statements that
are subject to risks and uncertainties that could cause results to be materially
different than expectations. Such risks and uncertainties include, but are not
limited to, manufacturing and other delays relating to new products,
difficulties in the fabrication process and dependence of the Company on
third-party manufacturers, general industry trends including cyclical trends in
the PC and semiconductor industries, the impact of competitive products and
pricing alternatives, market acceptance of the Company's new products, and the
Company's dependence on third-party developers and publishers. Investors are
advised to read the Company's Annual Report on Form 10-K and quarterly reports
on Form 10-Q filed with the Securities and Exchange Commission, particularly
those sections entitled "Factors Affecting Operating Results," for a
fuller discussion of these and other risks and uncertainties.
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