Sharp and Sony today signed a non-binding memorandum of intent to establish a joint venture to produce and sell large sized LCD panels and modules, by splitting out from Sharp an LCD panel plant now under construction in Sakai City, Osaka Prefecture which will use 10th generation mother glass substrates. The two companies will negotiate in good faith to enter into legally binding joint venture documentation by September 30, 2008. The parties will aim through this collaboration to further strengthen Sharp's advanced LCD display technologies and Sony's competitiveness in the TV market. The two companies will negotiate in good faith to enter into legally binding joint venture documentation by September 30, 2008.