NME Confident To Take A Significant Share Of The $5 Billion Per Annum DVD Market With Their 40GB VMD

15-Jul-05

NME stepped up its campaign for VMD (Versatile Multilayer Disc), its much talked about mega optical storage disc, following its newly appointed board and management under its CEO, Mahesh Jayanarayan.  Versatile Multilayer Disc is similar to DVD9 in that it is a multilayer technology. It is an advanced optical disc that enables mobile storage to be realized at unprecedented price-to-performance levels; far beyond the realm of existing DVD technology, it quadruples DVD storage capacity with no disruption or cost penalty to consumers, content providers or manufacturers. Understanding & Solutions, a leading worldwide consultancy in optical disc markets reports, ""NME's multilayer disc offers the possibility to achieve capacities equivalent to 'next generation' blue laser based discs such as Blu-ray - i.e. up to 50GB - using the red laser technology employed by today's DVDs. The discs can also be played on standard DVD-R drives with only minor modifications."" Mahesh Jayanarayan who has considerable experience in the commercialization of new technologies has recently established several significant partnerships and strategic alliances, which demonstrate that the VMD technology is now fully equipped and ready to be commercialized. He said, ""The Company has spent the last two years in developing and perfecting the technology. We have run several commercial trials in the last 9 months. These trials have proved conclusively that we have a brilliant product. With a dynamic and experienced team at the helm, together with the support of our partners, we are confident that the planned launch of our 40GB multilayer storage disc - the VMD, in the fourth Quarter of this year, will signal the start of a bright future for NME."" The CEO expressed that his first priority is the roll out of VMD with its partners this year to provide firm foundations for a successful and dynamic business, which should enhance shareholder value. He went on to say that the company and its management will work hard to take a significant share of the $5 billion DVD industry. ""I know that NME has the potential to take a significant market share of the annual $5 billion DVD industry. We can offer the consumer and media industry a 40GB VMD disc that performs and features all aspects of DVD9 for a very similar price to a 8.5GB DVD9."" He adds, ""With only a small software change to existing drives, which our partners have already agreed to incorporate, and full backward compatibility, it makes the decision to adopt very easy for all parties. In my opinion it is a 'no brainer' and a 'slam dunk' proposition."" As further validation to this technology, the company has drawn a number of world leaders in optics and media to collaborate as strategic partners in the global roll-out strategy.

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