SRSL Srs Labs, Inc. (MM)

ZHUHAI, China, Nov. 17 /PRNewswire-FirstCall/ -- Actions Semiconductor Co., Ltd. ("Actions") (NASDAQ:ACTS), one of China's leading fabless semiconductor companies that provides comprehensive mixed-signal system-on-a-chip solutions ("SoC") for portable consumer electronics, today held a press conference in Shenzhen, China and announced that it will establish a joint certification laboratory with SRS Labs, Inc. ("SRS") (NASDAQ:SRSL). SRS, or Sound Retrieval System, is one of the most powerful and immersive sound technologies. Actions' products featured with SRS technology will enable portable multimedia devices to deliver users cinema-like experience with virtual surround sound through headphones. As a global leader in surround sound technology, SRS highly regards Actions' efforts in innovation and remarkable achievements in the PMP market. Currently, Actions and SRS cooperate closely on most of Actions' product lines. Further, the two industry leaders will jointly establish the only external SRS certification lab in the Greater China Region. Downstream customers using Actions' chips will have convenient access to SRS WOW and WOW HD technology and they will enjoy simplified certification services. These customers can also be authorized to use the joint designation of "Actions & SRS." "We are excited by this opportunity to expand the collaboration efforts between two industry leaders. This partnership will definitely bring the industry competitive products with advanced capabilities. We will continue to cooperate with a number of top technology partners in different fields to continue to deliver innovative, high quality products and services to the market," stated Nan Horng Yeh, CEO of Actions Semiconductor. About Actions Semiconductor Actions Semiconductor is one of China's leading fabless semiconductor companies that provides mixed-signal and multimedia SoC solutions for portable consumer electronics. Actions Semiconductor products include SoCs, firmware, software, solution development kits, as well as detailed specifications of other required components and the providers of those components. Actions Semiconductor also provides total product and technology solutions that allow customers to quickly introduce new portable consumer electronics to the mass market in a cost effective way. The company is headquartered in Zhuhai, China, with offices in Beijing and Shenzen. For more information, please visit the Actions Semiconductor website at http://www.actions-semi.com/ . 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. "Safe Harbor" Statement Under the Private Securities Litigation Reform Act of 1995 Statements contained in this release that are not historical facts are forward-looking statements, as that term is defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements, including financial projections and forecasts, involve risks and uncertainties that could cause Actions Semiconductor's actual results to differ materially from our current expectations. Factors that could cause Actions Semiconductor's results to differ materially from those set forth in these forward-looking statements include customers' cancellation or modification of their orders; our failure to accurately forecast demand for our products; the loss of, or a significant reduction in orders from, any of our significant customers; fluctuations in our operating results; our inability to develop and sell new products; defects in or failures of our products; the expense and uncertainty involved in our customer design-win efforts; the financial viability of the distributors of our products; consumer demand; worldwide economic and political conditions; fluctuations in our costs to manufacture our products; our reliance on third parties to manufacture, test, assemble and ship our products; our ability to retain and attract key personnel; our ability to compete with our competitors; and our ability to protect our intellectual property rights and not infringe the intellectual property rights of others. Other factors that may cause our actual results to differ from those set forth in the forward-looking statements contained in this press release and that may affect our prospects in general are described in our filings with the Securities and Exchange Commission, including our Registration Statement on Form F-1 related to our initial public offering and secondary offering. Actions Semiconductor undertakes no obligation to update or revise forward-looking statements to reflect subsequent events or changed assumptions or circumstances. DATASOURCE: Actions Semiconductor Co., Ltd. CONTACT: investors, or Suzanne Craig, +1-415-217-4962, or , or Lisa Laukkanen, +1-415-217-4967, or , both of The Blueshirt Group, for Actions Semiconductor; or Chung Hsu, +86-756-3392-353, ext. 1015, or , or Calvin Lau, +86-756-3392-353, ext. 1018, or , Investor Relations at Actions Semiconductor Web site: http://www.actions-semi.com/

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