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Date: Thursday 17 Jul 2008

LONDON (ShareCast) - Shares in recovery stock NXT shot up Thursday morning as the flat-panel speaker technology company announced its move into the high definition liquid crystal display television market.

The 52” ViewSonic 5230p is the first commercially available TV to be fitted with NXT’s balanced radiator (BR) technology.

The TV, which boasts a minimalist design which, through the use of NXT’s technology, is able to eschew the use of large speaker grilles, goes on sale in North America this month with a suggested retail price of $3,100.

Back in May NXT said it is "within sight" of breakeven and that the level of increase in second half sales revenue will depend on the outcome of ongoing licensing talks.

The company’s shares enjoyed a good run at the start of May after NXT announced a deal with car giant Toyota but have since surrendered the bulk of those gains.

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