DigiTimes has reported that Lite-On will start shipping FVD (forward versatile disc) drives to an unnamed US based distributor in June.
Lite-On IT has landed PC-use FVD (forward versatile disc) orders from a leading US-based distributor with shipment slated to start in June, said Derray Huang, deputy general director of the Opto-electronics and Systems Laboratories (OES) at the Industrial Technology Research Institute (ITRI).

FVD is a red-laser high-definition DVD format developed by Taiwan as an alternative to blue laser HD DVD and Blu-ray disc (BD) high-definition DVD formats.
It will be interesting to see if FVD can compete with HD DVD and Blu-ray. Considering how expensive these technologies are, I would not be surprised if FVD was able to grab a small market share. If you'd like to read more, head on over to DigiTimes.