SRSL Srs Labs, Inc. (MM)

Rear Projection TVs Featuring SRS Virtual Surround Sound Technology Available This October SANTA ANA, Calif., Sept. 12 /PRNewswire-FirstCall/ -- SRS Labs, Inc. (NASDAQ:SRSL), one of the world's leading providers of audio, voice and surround sound technologies, today announced that Hewlett Packard Corporation (NYSE:HPQ) ("HP"), has expanded their licensing agreement with SRS Labs to include the patented SRS TruSurround XT(R) virtual surround sound technology in their latest micro display televisions, models MD5020, MD5820, MD6580 and MD5880. These are the first products from HP to include TruSurround XT. Currently, HP includes SRS WOW(R) in their plasma and LCD lines, which were launched last October. These new multi-sized display products will be available in early October at major key regional and specialty AV retailers. HP selected TruSurround XT so anyone who purchases these televisions can enjoy a compelling "virtual" surround sound experience, without the need for a 5.1 speaker system. TruSurround XT brings multichannel, surround encoded, stereo and even mono audio alive with an encompassing surround sound experience from the TV's stereo speakers. Two additional powerful audio features, SRS Dialog Clarity(TM) and SRS TruBass(R) are also included to provide quality improvements of the audio experience. SRS Dialog Clarity improves dialog intelligibility during passages of movies where the actors' dialog is difficult to understand, a common problem due to today's production techniques and excessive use of surround audio effects. SRS TruBass is a patented bass enhancement technology that delivers deep, rich bass over small speakers and headphones, making it the ideal companion for products with sleek, slim designs, such as micro display TVs. SRS TruBass improves low frequency performance up to an octave below the limitations of the speaker drivers in these narrow configurations. "This newly expanded agreement with SRS furthers our strategy to deliver a powerful audio experience to match the crisp, clear image quality of our latest micro display products," said B.K. Kumar, product marketing manager for Hewlett Packard. "As a company with a rich history of focusing on product quality, we decided to include SRS technologies because they deliver industry leading audio enhancements, adding further value to our new lineup of consumer electronics products." "By working with Hewlett Packard on their new line of micro display televisions, SRS Labs continues to diversify our positioning within a variety of market segments," said Lupita Ho, product marketing manager for SRS Labs. "Hewlett Packard has been building technologically innovative products for over 60 years and we are proud to be their audio partner of choice for their new micro display line and look forward to future collaboration." For information on licensing SRS technologies, Call (949) 442-1070 or email . Additional information about SRS TruSurround XT is also available from the company's website at http://www.srslabs.com/LicensingTechMultichannel.asp#TSXT. About SRS Labs, Inc. SRS Labs is a recognized leader in the advancement of audio and voice technology. The company works with the world's top manufacturers to provide a richer entertainment experience through patented sound techniques. SRS Labs' technologies can be heard through products ranging from televisions, LCD and plasma monitors, cell phones, MP3 players, car audio systems, and notebook and desktop computers. The company also offers hardware and software tools to professionals and consumers for the creation, production and broadcast of content featuring SRS Labs' technologies. Valence Technologies Limited, a Hong-Kong based subsidiary of SRS Labs, is a semiconductor company that designs and sells custom ASICs and standard ICs to leading manufacturers worldwide. Based in Santa Ana, Calif., the company also has licensing representation in Hong Kong, Japan, Europe, and Korea. For more information about SRS Labs, Inc. please visit http://www.srslabs.com/. The information on the aforementioned website is not incorporated by reference into this press release. Except for historical information contained in this release, statements in this release, including those by Ms. Ho in paragraph four, are forward-looking statements and projections (which include statements concerning plans and objectives of management for future operations) that are based on management's belief, as well as assumptions made by, and information currently available to, management. While the Company believes that its expectations are based upon reasonable assumptions, there can be no assurances that the Company's goals and strategy will be realized. Numerous factors, including risks and uncertainties, may affect the Company's actual results and may cause results to differ materially from those expressed in forward-looking statements made by or on behalf of the Company. Some of these factors include SRS' continued collaboration with HP on future projects, the acceptance of new SRS Labs' products and technologies, the impact of competitive products and pricing, the timely development and release of technologies by the Company, general business and economic conditions, especially in Asia, and other factors detailed in the Company's Form 10-K and other periodic reports filed with the SEC. SRS Labs specifically disclaims any obligation to update or revise any forward-looking statement whether as a result of new information, future developments or otherwise. Investor Contact: Media Contact: Tami Stegmaier Chris Locke (949) 442-1070 x 3093 (949) 442-1070 x 3206 DATASOURCE: SRS Labs, Inc. CONTACT: Investors, Tami Stegmaier, ext. 3093, , or Media, Chris Locke, ext. 3206, , both of SRS Labs, Inc., +1-949-442-1070 Web site: http://www.srslabs.com/ Company News On-Call: http://www.prnewswire.com/comp/809275.html

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