At the same time, local delegates at manufacturer Mitsubishi denied the company's involvement with Arasor and Novalux, possibly holding back their technology from the public eye until last night at the 2008 CES in Las Vegas where the company's head honchos revealed a 65-inch model which is now being manufactured for possible sale in October this year.
Chinese development company SYCO is already selling laser TVs in its home country, however at a massive 120 inches, the main market for these models is the commercial cinema.
Arasor however has re-entered the scene with a US$300 million joint venture with China's largest telecommunications and networking provider, ZTE Corporation, in addition to its Novalux buy-out, to commercialise laser chip technology for use in TVs, projectors, and smaller screens such as laptop, PDA and mobile phone.
According to a report from the China Economic Review, Arasor owns 51 per cent of the joint venture which was arranged in November last year, with the China Development Bank handing over the US$300 million sum.
Production of the optoelectronic chips will begin in the second half of this year, for worldwide use, according to ZTE.
"This joint venture will leverage the combination of ZTE's global reach, Arasor 's core laser display technologies, and the financial strength of the China Development Bank to propel the acceptance of state-of-the-art laser display applications on a worldwide basis," ZTE senior vice president, Yong Yu, told the China Economic Review.