Re: Licensee

RNS Number:1042U
NXT PLC
12 January 2004

12 January 2004



                                    NXT plc

Philips launches its first range of flat panel TVs to include NXT technology


NXT plc is pleased to announce that Philips has launched, at the Consumer
Electronics Show (CES) in Las Vegas, its first full range of flat screen TVs to
include NXT's patented SurfaceSound technology.  The new Matchline range
includes 32- (32PF9996), 37- (37PF9996) and 42-inch (42 PF9996) LCD and 50-inch
(50PF9986) plasma FlatTV models, all with built in NXT Distributed Mode
Loudspeakers (DML).


Disguised into the frame of the FlatTV models, the DML panels dispense with the
need for speaker grilles and help Philips realise a unique design that matches
consumers' increasingly high demand for products that blend with the living
environment.


In addition to the design benefits, NXT technology also delivers a unique audio
experience.  The sound field generated is far less complex and the relationship
between speaker placement and listener is much less critical.  Due to its
excellent dispersion characteristics, the system is able to produce a remarkably
pure, coherent and uncoloured sound that is exceptionally smooth and balanced
from any listening position in the room.


The high definition television units also feature Philips' AmbilightTM
technology, an advanced lighting system that provides emotive environment
lighting and enhanced picture quality, and PixelPlusTM 2 technology, which
creates sharper, more detailed pictures with a greater impression of depth.


Commenting on the launch, David Pearson, NXT's CEO said, "this launch, on the
back of exciting announcements from KEF, Pioneer and NEC, provides further
evidence of the wide take-up of NXT technology across a range of applications in
the Consumer Electronics industry".



The 32-, 37- and 42-inch diagonal LCD FlatTV models will have an MSRP of $5,999,
$7,999 and $9,999, respectively, and will be available in the second quarter of
2004. The 50-inch diagonal plasma FlatTV model will also be available in the
second quarter of 2004 with an MSRP of $9,999.  NXT technology is already
featured in Philips' wireless speakers for existing Matchline and FlatTV
widescreen models.



                                      ENDS





For further information, please contact:



NXT UK Press Office
t: [phone]
e: [e-mail]


Capital MS&L
Nick Lockwood / Paula Crymble
t: [phone]


For product information or photos:
Chip Bates
Manning Selvage & Lee
t: [phone]
e: [e-mail]


About NXT


NXT's business is the invention, patenting, licensing and marketing of enabling
technologies in sound and speech. NXT is setting a new world-standard in
loudspeakers. It offers a superior alternative to existing technologies across
most product sectors while creating new opportunities where conventional
technology has been unable to deliver. NXT has developed industry-specific
expertise and is focused on helping its licensees advance product to market
efficiently and cost effectively.



NXT has more than 250 licensees for its patented SurfaceSound(R) flat panel
loudspeaker technology. Licensees include 3M, Acer Computers, Armstrong,
Authentic (mainly owned by NEC), DaimlerChrysler, Fujitsu Ten, General Motors,
Intier, LG Electronics, Matsushita MEI, Philips, Pioneer, Siemens, Sony Ericsson
Mobile Communications, TDK and Visteon. The company, which is fully listed on
the London Stock Exchange (symbol NTX), has Technology Centres in Cambridge and
Malvern and operations in London, Yokohama, Hong Kong, California and Detroit.


For more information about NXT: www.nxtsound.com.


About Royal Philips Electronics


Royal Philips Electronics of the Netherlands is one of the world's biggest
electronics companies and Europe's largest, with sales of $30.1 billion (EUR
31.8 billion) in 2002. It is a global leader in color television sets, lighting,
electric shavers, medical diagnostic imaging and patient monitoring, and
one-chip TV products. Its 166,500 employees in more than 60 countries are active
in the areas of lighting, consumer electronics, domestic appliances,
semiconductors, and medical systems. Philips is quoted on the NYSE (symbol:
PHG), Frankfurt, Amsterdam and other stock exchanges.


News from Philips is located at www.philips.com/newscenter.




                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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