SRS Labs Appoints David J. Frerichs as Executive Vice President of Strategic Marketing and Corporate Development
November 16 2005 - 4:44PM
PR Newswire (US)
Mr. Frerichs Brings Audio IP Licensing, Content, and Mobile Market
Experience to SRS Labs SANTA ANA, Calif., Nov. 16
/PRNewswire-FirstCall/ -- SRS Labs, Inc. (NASDAQ:SRSL), one of the
world's leading providers of audio technology solutions, today
announced the appointment of David J. Frerichs as the company's
executive vice president, strategic marketing and corporate
development, reporting to chairman and CEO Thomas C.K. Yuen.
Frerichs brings a unique combination of engineering, marketing,
sales, and business development experience to the organization,
including over a decade in management positions at global
companies. Most recently, Mr. Frerichs served as vice president and
US general manager at Coding Technologies, an international audio
compression IP licensing company. While at Coding Technologies,
Frerichs opened their US subsidiary and was instrumental in the
company's success with content providers and mobile carriers in the
US, Japanese and Korean markets. Prior to Coding Technologies,
Frerichs was founder, president and CTO for iM Networks, where he
designed the company's content aggregation business model and core
technology architecture, while establishing iM Networks'
joint-venture in Japan. Frerichs holds several patents in virtual
reality human-interface design, which he leveraged to start his
first company, Future Vision Technologies, a manufacturer of
consumer virtual-reality products. Chairman and CEO Thomas C.K.
Yuen said, "David's keen understanding of the digital media
marketplace, coupled with his unique business experience makes him
the ideal candidate to lead the company into new initiatives
leveraging the company's unique technologies and intellectual
property. On the heels of our third consecutive record quarter for
licensing revenues, we are at a point where we believe David's
exceptional skills will enable the company to reach even greater
levels of business success. David Frerichs' arrival, together with
the recent addition of Michael Franzi, our vice president, sales
and licensing, provides the company with, what we believe, to be an
exceptional executive management team dedicated to maximizing the
full potential of SRS Labs." In his role as executive vice
president of strategic marketing and corporate development,
Frerichs will drive the company's new business efforts. Frerichs
will focus upon finding and developing high-growth business
opportunities that will create new sources of revenue for the
company. "SRS Labs has a strong library of audio technologies
unique to the consumer electronics marketplace," Frerichs said. "I
am looking forward to working with the SRS team and our partners to
take the company to the next level." 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, as well as 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 Mr.
Yuen may constitute forward-looking statements regarding our
assumptions, projections, expectations, targets, intentions or
beliefs about future events 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 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: Janet Biski Chris Locke (949) 442-1070 x 3080 (949)
442-1070 x 3206 DATASOURCE: SRS Labs, Inc. CONTACT: Investors,
Janet Biski, ext. 3080, , or Media, Chris Locke, ext. 3206, , both
of SRS Labs, Inc., +1-949-442-1070 Web site:
http://www.srslabs.com/
Copyright
Srs Labs (NASDAQ:SRSL)
Historical Stock Chart
From Jun 2024 to Jul 2024
Srs Labs (NASDAQ:SRSL)
Historical Stock Chart
From Jul 2023 to Jul 2024