Japanese Sony and Seiko Epson announced on March 12 that they plan to form a strategic alliance for small- and medium-size LCD (Liquid Crystal Displays) panels for use in digital cameras and mobile phones, the International Herald Tribune reported, adding that a definitive agreement is set to be finalized by the end of June 2009. Through the alliance, Sony will buy LCD production equipment from Seiko Epson and the latter will grant Sony to access its technology for manufacturing low-cost LCD panels, according to the Bloomberg. Further details were not yet disclosed though.