LAS VEGAS – Nov. 16, 1998 – Pioneer New Media Technologies Monday announced plans for the industry’s first 4.7GB
DVD-R (Write Once) drive that includes 4.7GB DVD-RW (Rewritable) capabilities.
DVD-RW brings rewritability to the popular DVD-R format. DVD Forum approval for both 4.7 GB DVD-R and RW is expected by year-end and
product availability is targeted for Q2 1999.

“The increased capacity to 4.7GB and rewritability will enable content developers, and any other data intensive user, to easily use this DVD-based standard format for various
applications,“” said Paul Dempsey, senior vice president, sales and marketing, Pioneer New Media Technologies. “This new drive is a natural extension of the existing 3.95GB DVD-R
writer and should open new markets in data storage, archival and video authoring.“”

Rewritability is achieved using phase-change technology. Similar in concept to CD-RW, DVD-RW will enable more than 1,000 rewrites and stores any type of digital information such
as video, audio, images, multimedia titles and data files. The DVD-RW drive will be available in both an external and half-height internal version. This SCSI-2 device is capable of writing
at 1X DVD-ROM speed and reading at 2X DVD-ROM speed, and will include incremental write capabilities.

Pioneer plans to begin shipping the drive in Q2 1999 at a target M.S.R.P. of below $5,000.