SpatiaLight Hires New Corporate Controller

SpatiaLight Hires New Corporate Controller

NOVATO, Calif., June 16 /PRNewswire-FirstCall/ -- SpatiaLight, Inc. (NASDAQ:HDTV), a manufacturer of state of the art liquid crystal on silicon (LCoS) microdisplays, announced today that it has hired Kim Tsuchimoto as its new Corporate Controller and Assistant Vice President of Accounting and Finance. Ms. Tsuchimoto will report directly to Robert A. Olins, the Chief Executive Officer, who will continue to serve as SpatiaLight's Principal Financial and Accounting Officer.

Ms. Tsuchimoto's central responsibilities as Corporate Controller will be directing and monitoring all functions of the Company's accounting department, including supervision of preparing financial reports for the Company's periodic filings with the SEC and compliance with Sarbanes Oxley rules and regulations. Other responsibilities will include working with management in developing budgets, setting operating objectives and supervising periodic audits by the Company's independent auditors.

Prior to joining SpatiaLight, Ms. Tsuchimoto served as Vice President, Controller and later as Vice President, Treasurer of BioMarin Pharmaceutical Inc., a publicly traded California-based biopharmaceutical company. During her eight years as an executive at BioMarin, Ms. Tsuchimoto was instrumental in capital allocation and financial management for the company as it deployed over $500 million raised through equity and debt financings and received marketing approval by the U.S. Food and Drug Administration for two drugs for the treatment of rare genetic diseases. Ms. Tsuchimoto is a licensed California certified public accountant and received a B.S. in Business Administration from San Francisco State University.

Mr. Olins commented, "We are excited to have Kim join SpatiaLight during this exciting and important time for our company. Kim is an experienced professional and we expect her to bring valuable leadership and insight to our accounting and finance department and to the financial reporting function of our business."

Ms. Tsuchimoto commented, "I am very excited to join SpatiaLight at this key juncture. I am looking forward to hitting the ground running and working with the great team that SpatiaLight's management has assembled."

About SpatiaLight, Inc.

SpatiaLight, Inc., founded in 1989, manufactures high-resolution LCoS microdisplays for use in high definition televisions and other display applications. Utilizing more than 6.2 million pixels, SpatiaLight's LCoS Sets are comprised of three proprietary SpatiaLight imagEngine(TM) microdisplays. A SpatiaLight display unit, another Company product, is comprised of an LCoS Set fitted onto a light engine designed by SpatiaLight and Fuji Photo Optical Co., Ltd. and manufactured by Fuji. SpatiaLight currently manufactures two models of its LCoS Sets. The newer generation T-3 model has an active matrix of 1920 pixels by 1080 pixels configuration and the T-1 model has an active matrix of 1280 pixels by 960 pixels configuration. SpatiaLight is committed to developing microdisplay technologies that will become the standard for the next generation of high definition televisions and to providing OEMs with the most cost-effective, high-resolution microdisplays in the industry. For more information about SpatiaLight, please see the Company website: 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 and other factors that could cause SpatiaLight's actual results, performance, prospects or opportunities in the remainder of 2004 and beyond to differ materially from those expressed in, or implied by, these forward-looking statements. These risks and uncertainties are outlined in the Company's filings with the Securities and Exchange Commission, including its most recent reports on Forms 10-Q and 10-K.

Source: SpatiaLight, Inc.

CONTACT: Ted Banzhaf at SpatiaLight, Inc., +1-415-883-1693, ext. 132

Web site: http://www.spatialight.com/

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