SRSL Srs Labs, Inc. (MM)

Accessories 4 Technology licenses SRS TruSurround to deliver high quality sound to new Tannoy PSP Speaker System SANTA ANA, Calif., July 10 /PRNewswire-FirstCall/ -- SRS Labs, Inc. (NASDAQ:SRSL), a leading provider of innovative surround sound, audio and voice technologies, today announced that Accessories 4 Technology Limited (A4T), a leading manufacturer of innovative iPod and gaming peripherals, has signed a licensing agreement with SRS Labs for the use of several audio technologies in new, high-end accessory products. The first product, a docking station for the PSP(TM), will feature SRS TruSurround(R) virtual surround sound rendering technology and will be branded under the Tannoy name -- a renowned manufacturer of high quality professional and residential speaker systems. (LOGO: http://www.newscom.com/cgi-bin/prnh/20070322/LATH036LOGO) While playing games is one of the pleasures of owning a PSP, watching movies and listening to music are also high on list. Therefore, it's not surprising that when looking for an audio enhancement partner for the new PSP Speaker System, SRS Labs was the first and obvious choice. A4T's implementation of SRS TruSurround ensures consumers will receive the best possible listening experience from the speaker system, regardless of the application -- games, music and movies will all enjoy optimum sound. SRS TruSurround processes any multichannel audio source and delivers an immersive virtual 5.1 surround sound home theater experience over two speakers or headphones. With TruSurround, consumers will feel as if they're surrounded by "phantom" speakers that appear to extend all around them, putting them in the center of the entertainment experience. "A4T is a well respected manufacturer of accessory products and we are very proud that they chose to feature our virtual surround technology in the PSP speaker system, marking our first design win for the gaming market," said Eduard Vendrell, Sales Executive - EMEA, SRS Labs. "The best gaming experience is one in which the user becomes completely immersed in the game and TruSurround makes that possible. We look forward to broadening our relationship with A4T through joint marketing efforts and innovative product advancements." Other features of the Tannoy PSP Speaker System include unparalleled power output (50 watts RMS total power output), a five foot audio cable, auxiliary 3.5mm input for portable audio devices or computer, and an IR remote control for docking station and PSP functions. The PSP Speaker System started shipping into the UK in June and then will be available globally by the end of the year. "We understand the importance of reaching the ultimate gaming experience," said Bill Stirling, Sales and Marketing Director, Accessories 4 Technology. "We are constantly researching and looking for the latest developments in the marketplace to meet this challenge and that is why we chose to incorporate SRS TruSurround. Our partnership with Tannoy to design an innovative speaker system combined with the high-quality audio technologies of SRS enabled us to bring consumers the perfect PSP speaker system." 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 one billion 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 Accessories 4 Technology Primarily operating under the 4 Gamers and 4 Tunes brands, Accessories 4 Technology was established in 2005 by a team of Industry Experts with vast experience in the fields of audio, visual and gaming peripherals with a simple but powerful mission statement that placed product design through innovation at the heart of the company. Understanding the importance in reaching the ultimate gaming experience from the latest games in the marketplace, A4T are constantly researching and developing accessories to meet this challenge and with 4Gamers have one of the UK's leading brands of gaming accessories dedicated to bringing innovative and leading edge products to the consumer. Except for historical information contained in this release, statements in this release, including those by Mr. Vendrell, 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. Media Contact: Cyndee Pelino, Marketing Manager 949-442-5518 http://www.newscom.com/cgi-bin/prnh/20070322/LATH036LOGO http://photoarchive.ap.org/ DATASOURCE: SRS Labs, Inc. CONTACT: Cyndee Pelino, Marketing Manager of SRS Labs, Inc., +1-949-442-5518, Web site: http://www.srslabs.com/

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