SpatiaLight Announces 3rd Quarter 2007 Results

Name	Symbol	Market	Type
Ishs Platinum �	LSE:SPLT	London	Exchange Traded Fund

	Price Change	% Change	Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Traded	Last Trade
	6.25	0.57%	1,112.00	1,110.00	1,114.00	1,134.25	1,110.00	1,124.00	4,712	15:28:06

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NOVATO, Calif., Nov. 9 /PRNewswire-FirstCall/ -- SpatiaLight, Inc. (NASDAQ:SPLT), a leading developer and manufacturer of ultra high-resolution Liquid Crystal on Silicon (LCoS) microdisplays, today announced financial results for the period ended September 30, 2007. Net loss was $2.9 million and $13.8 million, or $1.25 per share and $9.37 per share, respectively for the third quarter and nine months ended September 30, 2007 versus $4.2 million and $15.1 million or $5.06 per share and $18.89 per share, respectively for the same periods in 2006. Much of this loss for the three months ended September 30, 2007 and approximately half of the loss for the nine month period ended September 30, 2007 was due to the costs to operate our facilities without related revenues. Much of the remaining loss for the nine month period ended September 30, 2007 was non-cash due to the impact of stock-based financing and associated expenses. The cash usage for operating activities was $5.4 million and $10.1 for the nine months ending September 30, 2007 and September 30, 2006 respectively. This 47% reduction in expenditures for the comparable nine month period was due to reductions in product related expenditures and staffing at our manufacturing facility as well as reductions in spending at headquarters. Net loss for the quarter includes selling, general and administrative expenses of $1.4 million and $4.3 million, respectively for the third quarter and nine months ended September 30, 2007, compared to $1.9 million and $7.5 million, respectively for the same periods in 2006, reflecting significant reduction in spending rates and in stock-based compensation. SG&A expenses includes administrative costs associated with both our US and Korean facilities. The cost reductions include reductions in staffing as well as reduced legal, accounting, consulting and other general and administrative expenses. Research and development expenses were $329,241 and $1,028,733, respectively, for the three and nine months ended September 30, 2007 versus $269,582 and $922,828, respectively, for the same periods in 2006. During the third quarter of 2007, the Company continued to make progress toward its goals of developing new products for sale that will address market segments other than rear projection TV. We have completed the development of a single panel version of our 1920x1080 microdisplay device and are now working with customers and potential customers on the implementation of our drive electronics and firmware designs to drive these imagers in a color field-sequential mode suitable for head mounted display (HMD) applications. We believe that the high resolution of LCoS, coupled with its small size displays are a good fit for the HMD market. SpatiaLight announced on October 29, 2007 a joint development, manufacturing and distribution agreement with Daeyang E&C for HMD systems based on its 1920x1080 imager. About SpatiaLight SpatiaLight, Inc., founded in 1989, manufactures high-resolution LCoS imagers for use in high-definition display applications such as head mounted displays, nanoprojectors, rear projection televisions, monitors, front projection systems, and other display applications. The company's primary manufacturing facility is located in South Korea. SpatiaLight is committed to developing microdisplay technologies and to providing OEMs with the most cost effective, high-resolution microdisplays in the industry. For more information about SpatiaLight, please visit the Company's website at: http://www.spatialight.com/. Safe Harbor Statement This news release includes forward-looking statements that reflect SpatiaLight's current expectations about its future results, performance, prospects and opportunities. SpatiaLight has tried to identify these forward-looking statements by using words and phrases such as "may," "will," "expects," "anticipates," "believes," "intends," "estimates," "plan," "should," "typical," "preliminary," "we are confident" or similar expressions. These forward-looking statements are based on information currently available to SpatiaLight and are subject to a number of risks, uncertainties include the availability of sufficient funding for the company to continue as a going concern, the acceptance of LCoS technology in projection markets and by manufacturers of projection equipment, and a favorable outcome of certain investigations and potential enforcement actions by the U.S. Securities and Exchange Commission. Additional risk factors are outlined in the Company's filings with the e U.S. Securities and Exchange Commission, including its most recent reports on Form 10-Q and 10-K. DATASOURCE: SpatiaLight, Inc. CONTACT: SpatiaLight, Inc., +1-415-883-1693 Web site: http://www.spatialight.com/

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SPLT Ishs Platinum �