SRSL Srs Labs, Inc. (MM)

SRS Labs Inc. (NASDAQ:SRSL), a leading provider of surround sound, audio and voice technologies, today announced its patented SRS WOW(R) technology will be included as a standard feature in the new 2007 Subaru Legacy 2.5 GT automobiles as part of the "Legacy Premium Sound System." SRS WOW was chosen as the audio rendering technology because of its ability to overcome the unique audio challenges presented in the automotive environment, such as speaker placement, speaker driver size restrictions and a narrow sweet spot. SRS WOW will provide passengers the same clear, dynamic audio experience enjoyed from home theater systems to further support the core values of the new Subaru Legacy - drivability, comfort and a friendly environment. The new models will be available in the second half of 2006. SRS WOW technology will provide Subaru Legacy passengers an immersive 3D stereo experience. The natural and spacious 3D sound field allows for superb sound from any listening position - eliminating the sweet spot. SRS WOW also shapes a maximized bass response using sculpted filters and driver physics to go beyond the low-frequency limitations of speakers, resulting in big bass without the need for a subwoofer. In addition, SRS WOW electronically elevates the sound image to an optimal ear level without physically moving the speakers from the base of the door panels and creates a phantom center speaker. "We are thrilled to provide our patented audio rendering technologies to a top auto manufacturer like Subaru," said Michael Franzi, vice president, sales and licensing of SRS Labs. "Automotive is an important market for SRS Labs, and the agreement to use SRS WOW technology marks one of many revolutionary automotive partnerships we are forging." About SRS Labs, Inc. SRS Labs develops advanced audio and communications technology that optimizes and improves the listening experience through techniques based on the latest research into the human auditory system. With over 600 million products shipped worldwide, SRS Labs is a leader in audio. Incorporated in products ranging from HDTVs and mobile phones to PCs and automotive entertainment, SRS Labs audio and speech signal processing provides the best possible sound on every form factor and in every environment. SRS Labs surround sound solutions enable the professional broadcast and recording industries with high-performance production, back-haul, storage, and transmission capability. SRS Labs supports manufacturers worldwide with offices in the US, China, Europe, Japan, Korea and Taiwan. About Subaru of America, Inc. Subaru of America, Inc. is a wholly owned subsidiary of Fuji Heavy Industries Ltd. of Japan. Headquartered in Cherry Hill, N.J., the company markets and distributes Subaru Symmetrical All-Wheel Drive vehicles, parts and accessories through a network of nearly 600 dealers across the United States. Subaru makes the best-selling All-Wheel Drive car sold in America based on R.L. Polk & Co. new vehicle retail registration statistics calendar year-end 2004. For additional information visit www.subaru.com. Except for historical information contained in this release, statements in this release, including those by Mr. Franzi 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.