Imation has announced that they will be manufacturing both HD DVD and Blu-ray media. The company has already invested $10 million in R&D and to scale up the production capabilities of their Oakdale, Minn. facility.
Imation Corp (NYSE: IMN - News), a worldwide leader in removable data storage media, today announced it has begun its scale-up of manufacturing for HD DVD and Blu-ray optical recordable media in preparation for product introduction in early 2006. The company invested more than $10 million in 2005 in research, development and modular manufacturing capabilities to position Imation among the industry leaders delivering the newest high-capacity optical formats to customers.
Imation plans to ship their media during the first half of 2006. More information can be found here.