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                                                                    Exhibit 99.1

PixTech Enters Into Private Placement of Preferred Stock

     SANTA CLARA, Calif., and ROUSSET, France, Dec. 23 /PRNewswire/ -- PixTech,
Inc. (Nasdaq: PIXT; EASDAQ: PIXT) today announced that certain investors have
purchased preferred stock of the Company for an aggregate investment of
$8,275,000.  The preferred stock sold by the Company is convertible into PixTech
common stock after June 21, 1999 at a conversion price generally equal to
approximately $2.25 per share or the market price of the common stock at the
time of the conversion.  In addition to the conversion feature, the preferred
stock has a liquidation preference equal to the purchase price of the preferred
stock and a cumulative dividend.  The preferred stock will automatically convert
into common stock on December 22, 2003.  The preferred stock is redeemable at
the option of the Company at the issue price upon certain events. PixTech has
also undertaken to file a registration statement covering the resale of both the
newly issued common stock and the common stock issuable upon conversion of the
preferred stock.  Jean-Luc Grand-Clement, PixTech's Chairman and Chief Executive
Officer, stated, "This financing reflects continuing support from certain
existing investors, as well as interest from new investors, both in the U.S. and
in Europe."

     The issuance of the preferred stock has not been and will not be registered
under the Securities Act of 1933, as amended, and may not be offered or sold in
the United States absent registration or an applicable exemption from the
registration requirements under such Act.

About PixTech, Inc.

     PixTech designs, develops and manufactures field emission displays (FEDs),
a new type of flat-panel display.  The Company operates a flat-panel display
pilot manufacturing facility in Montpellier, France and an R&D facility and
sales office in Santa Clara, Calif. PixTech is currently developing high-volume
manufacturing capabilities for its FEDs in Taiwan, under a contract
manufacturing arrangement with Unipac, a Taiwanese AM-LCD manufacturer. PixTech
has also established a marketing partnership with Sumitomo Corporation, its
exclusive distributor in Japan.  More information is available from the
Company's web site at www.pixtech.com.  Statements that are not historical
facts, including statements about PixTech's confidence and strategies, the
timing of its manufacturing plans with Unipac, and its distribution agreement
with Sumitomo, the development of new or existing products, technologies and
opportunities, marked demand or acceptance of new or existing products are
forward-looking statements that involve risks and uncertainties.  These
uncertainties include but are not limited to, the risk associated with
transitioning to high volume manufacturing of FED displays at Unipac, product
demand and market acceptance risks, commitment of Unipac and/ or of PixTech
licensees, ability of the Company to grant other licenses under FED technology,
validity and enforceability of PixTech's patent rights, infringement by PixTech
of other patent rights, impact of competitive product and prices, product
development, commercialization or technological delays or difficulties, trade,
legal, social and economic risks and other risks detailed in PixTech's
Securities and Exchange Commission filing including its Form 10-K for the year
1997 and any subsequent filings.
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SOURCE  PixTech, Inc.

/CONTACT:  Yves Morel, VP, Chief Financial Officer of PixTech, Inc., in Europe,
33-0-4-42-29-10-00; or Lillian Armstrong or Kris Otridge of Lippert/Heilshorn &
Associates, 415-433-3777, for PixTech, Inc.; or investors, Laurence Kipfer, or
media, Laurence Marquezy of Actus Finance & Communication, in Europe, 33-0-1-53-
67-36-36, for PixTech, Inc.