SRS Labs Ranked Number 34 in Deloitte's Technology Fast 50 Program for Orange County
October 24 2007 - 9:30AM
PR Newswire (US)
Attributes innovative technology design and market penetration to
its 125.5 percent revenue growth SANTA ANA, Calif., Oct. 24
/PRNewswire-FirstCall/ -- SRS Labs, Inc. (NASDAQ:SRSL), a leading
provider of surround sound, audio enhancement and voice processing
technologies, has been named to Deloitte's prestigious Technology
Fast 50 Program for Orange County, a ranking of the 50 fastest
growing technology, media, telecommunications, and life sciences
companies in the area by Deloitte & Touche USA LLP, one of the
nation's leading professional services organizations. Rankings are
based on the percentage revenue growth over five years from
2002-2006. (Logo:
http://www.newscom.com/cgi-bin/prnh/20070322/LATH036LOGO) SRS Labs'
CEO Tom Yuen credits the company's strong portfolio of patented
technologies and continued gain in market penetration with the
company's 125.5 percent revenue growth from 2002-2006. Yuen said,
"The company's ability to develop innovative and superior quality
audio solutions for high growth product markets such as flat panel
televisions and mobile devices and our ability to strengthen and
expand our relationship with leading manufacturers and platform
partners within these markets has contributed to the company's
growth with the five year period defined by the Fast 50 program."
SRS Labs' increase in revenues of 125.5 percent from 2002 to 2006
resulted in ranking 34th in the Technology Fast 50 for Orange
County. "To rank on Deloitte's Technology Fast 50, companies must
have phenomenal revenue growth over five years. SRS Labs has proven
to be one of the fast-growth success stories in Orange County, and
we applaud their dedication to making their vision a reality." To
qualify for the Technology Fast 50, companies must have had
operating revenues of at least $50,000 in 2002 and $5,000,000 in
2006, be headquartered in North America, and be a company that owns
proprietary technology or proprietary intellectual property that
contributes to a significant portion of the company's operating
revenues; or devotes a significant proportion of revenues to the
research and development of technology. Using other companies'
technology or intellectual property in a unique way does not
qualify. Companies from the 16 regional Technology Fast 50 programs
in the United States and Canada are automatically entered in
Deloitte's Technology Fast 500 program, which ranks North America's
top 500 fastest growing technology, media, telecommunications and
life sciences companies. For more information on Deloitte's
Technology Fast 50 or Technology Fast 500 programs, visit
http://www.fast500.com/. About SRS Labs, Inc. SRS Labs is a leader
in audio signal processing for consumer electronics. Founded in
1993, SRS Labs holds 129 worldwide patents, with another 34
pending, for advanced audio, voice and surround sound technologies
that optimize and improve the listening experience through
techniques based on research into the human auditory system.
Through partnerships with leading global manufacturers and
semiconductor and software partners, over one billion products have
shipped worldwide utilizing SRS audio technologies, primarily from
one of three main technology families, SRS WOW(R), SRS
TruSurround(R) and SRS Circle Surround(R). SRS Labs audio and voice
processing provides the best possible sound from all content and in
every environment including HDTVs, mobile phones, portable media
devices, A/V components, PCs and automotive entertainment. And with
38 percent of the 58 million flat panel televisions shipped in 2006
featuring SRS audio processing, SRS Labs is the de-facto standard
of HDTV audio processing. Additionally, SRS Labs surround sound
solutions provide 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. For more information, visit http://www.srslabs.com/ About
Deloitte Deloitte refers to one or more of Deloitte Touche
Tohmatsu, a Swiss Verein, its member firms and their respective
subsidiaries and affiliates. As a Swiss Verein (association),
neither Deloitte Touche Tohmatsu nor any of its member firms has
any liability for each others' acts or omissions. Each of the
member firms is a separate and independent legal entity operating
under the names "Deloitte", "Deloitte & Touche", "Deloitte
Touche Tohmatsu" or other related names. Services are provided by
the member firms or their subsidiaries or affiliates and not by the
Deloitte Touche Tohmatsu Verein. Deloitte & Touche USA LLP is
the US member firm of Deloitte Touche Tohmatsu. In the US, services
are provided by the subsidiaries of Deloitte & Touche USA LLP
(Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte
Financial Advisory Services LLP, Deloitte Tax LLP and their
subsidiaries), and not by Deloitte & Touche USA LLP. 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. SRS Labs, Inc, Contact: Press Contact:
Cyndee Pelino, Marketing Manager Jim Noyd, Noyd Communications Inc.
949-442-5518 310-374-8100
http://www.newscom.com/cgi-bin/prnh/20070322/LATH036LOGO
http://photoarchive.ap.org/ DATASOURCE: SRS Labs, Inc. CONTACT:
Cyndee Pelino, Marketing Manager for SRS Labs, Inc,
+1-949-442-5518, ; or Jim Noyd of Noyd Communications Inc.,
+1-310-374-8100, , for SRS Labs, Inc. Web site:
http://www.srslabs.com/ http://www.fast500.com/
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