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Mahwah, NJ and Long Beach, CA, January 27, 2011 -- Sharp Electronics Corporation, the U.S. subsidiary of
Japan’s Sharp Corporation, and Pioneer Electronics (USA) Inc. today announced that Sharp will be granted license of Pioneer’s “Elite”
brand for a line of high-end flat panel displays to be introduced in the U.S. and Canada this year.
Pioneer markets a line of high-end audio/video receivers, Blu-ray Disc players and speakers under the Elite brand, which enjoys a
substantial high-end customer following and a strong, established dealer network. By marketing an LCD TV line under the Elite brand,
Sharp will expand the distribution of its premium large-scale TVs. In turn, the addition of a line of large-screen LCD TVs will
complement Pioneer’s Elite home theater offerings. The Elite line of LCD TVs, which will be jointly marketed by Sharp and Pioneer, will
be available through Pioneer’s authorized Elite dealer network.
“As a leader in large screen LCD TV, we are excited to collaborate with Pioneer to bring a high-end LCD TV to the Elite consumer,”
said John Herrington, President of Sharp Electronics Marketing Company of America. “The Elite brand is highly respected in the high
end market and Sharp can deliver the quality and innovation that Elite customers demand.”
“Adding a line of high-end flat panel TVs fills a market need in the industry and will help reinforce the strength of a complete Elite home
theater offering,” said Russ Johnston, Executive VP, Home Electronics Department, Pioneer Electronics (USA) Inc. “With its cutting
edge LCD technology and unmatched production capabilities, Sharp is an important strategic collaborator that will deliver a whole new
dimension to the large-screen home theater experience.”
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Sharp Electronics Corporation is the U.S. subsidiary of Japan's Sharp Corporation, a worldwide developer of one-of-a-kind home
entertainment products, appliances, networked multifunctional office solutions, solar energy solutions, LED lighting and mobile
communication and information tools. Leading brands include AQUOS® Quattron™ LCD televisions and
3DTVs, SharpVision® projectors, Insight® Microwave Drawer® ovens,
Notevision® multimedia projectors and Plasmacluster® air purifiers. For more information visit Sharp Electronics
Corporation at www.sharpusa.com.
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Pioneer Electronics (USA) Inc. is headquartered in Long Beach, Calif., and its U.S. Web address is www.pioneerelectronics.com. Its parent company, Pioneer
Corporation, established in Tokyo in 1938, is a preeminent manufacturer of high-performance audio, video and computer equipment for
the home, car and business markets.
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