SRS Labs, Inc. (NASDAQ:SRSL), a leading provider of surround sound,
audio and voice technologies, announced today that it has licensed
its SRS WOW HD� audio enhancement technology to Pantech Co., Ltd.,
the leading Korean handset manufacturer, for use in their handsets.
With this initial handset, IM-U130 CDMA phone, Pantech has become
the first customer to enable SRS Labs� next-generation 3D stereo
enhancement technology for use in a handset. The phone is available
immediately on the SK Telecom network in Korea. The IM-U130 handset
is designed as a music jukebox, specifically to emphasize MP3 music
playback. SRS WOW HD presents the handset with 3D stereo, improved
low frequency bass performance and enhanced high frequency sound
clarity, especially on the micro speaker and earphones, ensuring a
great music listening experience for users. Pantech enabled the SRS
WOW HD feature on a Qualcomm-based CDMA phone through utilization
of one of SRS Labs� many platform partners, Korean-based Telechips,
who markets SRS WOW HD on their multimedia applications processor,
the TTC772. The new license with Pantech extends SRS Labs� success
in the wireless market that includes CDMA and non-CDMA phones from
NEC, Samsung, Sharp and others. �We recognized the need for high
quality audio in CDMA handsets,� said Steven Kim, regional sales
director, SRS Labs, Inc. �The rapid transition of mobile phones
from being purely communication devices to mobile entertainment
devices has motivated leading handset makers worldwide, such as
Pantech, to license our SRS WOW HD technology to provide incredible
audio performance for music and video applications on the handsets.
This enables wireless subscribers to take full advantage of
multimedia services and handset features including ring tones,
digital music and streaming video.� SRS WOW HD improves stereo
rendering to provide dynamic performance from mono and stereo
sources, sculpts bass response for maximum thump, widens the audio
field for more natural sound and restores audio clarity lost in the
mixing process. About Pantech Co., Ltd. Pantech, through its
affiliates - Pantech Co., Ltd., Pantech&Curitel Communications,
Inc. and Pantech C&I Co. - is one of Korea�s top three mobile
handset makers and is the seventh largest handset manufacturer in
the world. Pantech has been responsible for a number of
breakthrough innovations in the mobile technology sector, including
the introduction in 2004 of the world's first fingerprint
recognition camera phone, as well as award winning camcorder, MP3
and DMB phones. In 2005, Pantech affiliate Pantech&Curitel
Communications acquired SK Teletech Co., the handset manufacturing
arm of SK Telecom, the number one mobile network operator in South
Korea. The SKY brand, originally marketed by SK Teletech as the
most popular premium handset brand in South Korea, has since become
part of the Pantech brand portfolio. Pantech markets its products
under the SKY and Curitel brands in the domestic Korean market and
under the Pantech brand overseas. Pantech collectively has
approximately 3,500 employees and 21 regional sales offices
worldwide. For more information on Pantech, please visit
www.pantech.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, Japan, Taiwan, Europe and Korea. Except for
historical information contained in this release, statements in
this release, including those by Mr. Kim, 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. SRS Labs, Inc. (NASDAQ:SRSL), a leading
provider of surround sound, audio and voice technologies, announced
today that it has licensed its SRS WOW HD(TM) audio enhancement
technology to Pantech Co., Ltd., the leading Korean handset
manufacturer, for use in their handsets. With this initial handset,
IM-U130 CDMA phone, Pantech has become the first customer to enable
SRS Labs' next-generation 3D stereo enhancement technology for use
in a handset. The phone is available immediately on the SK Telecom
network in Korea. The IM-U130 handset is designed as a music
jukebox, specifically to emphasize MP3 music playback. SRS WOW HD
presents the handset with 3D stereo, improved low frequency bass
performance and enhanced high frequency sound clarity, especially
on the micro speaker and earphones, ensuring a great music
listening experience for users. Pantech enabled the SRS WOW HD
feature on a Qualcomm-based CDMA phone through utilization of one
of SRS Labs' many platform partners, Korean-based Telechips, who
markets SRS WOW HD on their multimedia applications processor, the
TTC772. The new license with Pantech extends SRS Labs' success in
the wireless market that includes CDMA and non-CDMA phones from
NEC, Samsung, Sharp and others. "We recognized the need for high
quality audio in CDMA handsets," said Steven Kim, regional sales
director, SRS Labs, Inc. "The rapid transition of mobile phones
from being purely communication devices to mobile entertainment
devices has motivated leading handset makers worldwide, such as
Pantech, to license our SRS WOW HD technology to provide incredible
audio performance for music and video applications on the handsets.
This enables wireless subscribers to take full advantage of
multimedia services and handset features including ring tones,
digital music and streaming video." SRS WOW HD improves stereo
rendering to provide dynamic performance from mono and stereo
sources, sculpts bass response for maximum thump, widens the audio
field for more natural sound and restores audio clarity lost in the
mixing process. About Pantech Co., Ltd. Pantech, through its
affiliates - Pantech Co., Ltd., Pantech&Curitel Communications,
Inc. and Pantech C&I Co. - is one of Korea's top three mobile
handset makers and is the seventh largest handset manufacturer in
the world. Pantech has been responsible for a number of
breakthrough innovations in the mobile technology sector, including
the introduction in 2004 of the world's first fingerprint
recognition camera phone, as well as award winning camcorder, MP3
and DMB phones. In 2005, Pantech affiliate Pantech&Curitel
Communications acquired SK Teletech Co., the handset manufacturing
arm of SK Telecom, the number one mobile network operator in South
Korea. The SKY brand, originally marketed by SK Teletech as the
most popular premium handset brand in South Korea, has since become
part of the Pantech brand portfolio. Pantech markets its products
under the SKY and Curitel brands in the domestic Korean market and
under the Pantech brand overseas. Pantech collectively has
approximately 3,500 employees and 21 regional sales offices
worldwide. For more information on Pantech, please visit
www.pantech.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, Japan, Taiwan, Europe and Korea. Except for
historical information contained in this release, statements in
this release, including those by Mr. Kim, 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.
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