SRSL Srs Labs, Inc. (MM)

- SRS Labs signs new deal with Beko Elektronik Company, one of the largest European TV manufacturers SANTA ANA, Calif., Oct. 30 /PRNewswire-FirstCall/ -- SRS Labs, Inc. (NASDAQ:SRSL), a leading provider of surround sound, audio enhancement and voice technologies, announced today that Beko Elektronik Company is their newest SRS TruSurround XT(R) virtual surround sound licensee and will be integrating the audio enhancement technology into new LCD TVs manufactured with BEKO brand. (Logo: http://www.newscom.com/cgi-bin/prnh/20070322/LATH036LOGO) Beko Elektronik Company will incorporate SRS TruSurround XT in all 37-inch and up LCD TV's throughout their new 2007-2008 lineup, which includes the Hydra, Piano, Excito and Impeto models. Additionally, TruSurround XT will appear in select models within the existing Series H and Series J line of LCD TVs. All models offer breathtaking picture quality and, with TruSurround XT, consumers can enjoy a realistic virtual surround experience from only two speakers. Beko's production on the new models begins this month. "When designing our new line of LCD TVs, it was critical that the audio quality matched the premium picture quality to complete the entertainment experience," said Mr. Oguzhan Ozturk, General Manager of Beko Elektronik Company. "Its brand awareness and better overall performance made SRS TruSurround XT the clear choice. The rich acoustic depth and surround sound experience it delivers, combined with stunningly vibrant colors and superior workmanship created the overall appeal we hoped to achieve in our new range of LCD TVs." SRS TruSurround XT, the industry's leading patented virtual surround sound technology, processes up to 6 channels (5.1) of audio information to deliver an engaging virtual 5.1 surround sound experience over only two speakers. SRS TruSurround XT also utilizes additional proprietary audio enhancement techniques from SRS Labs for optimized bass performance using psychoacoustic principles and improved intelligibility of dialog from video content. The end result leaves the listener feeling as if they are surrounded by "phantom" speakers which appear to extend all around them, producing a distinctly immersive surround sound field without the clutter of extra speakers. When receiving mono or stereo content, TruSurround XT processes the audio for a truly expansive three-dimensional sound field, providing the industries largest 'sweet spot'. "The combination of leading edge designs from top TV manufacturers, such as Beko Elektronik Company, and our ability to fine tune and customize our SRS audio enhancement technologies, enables us to partner with manufacturers and address the multiple audio challenges inherent with flat panel TVs," said Eduard Vendrell, Sales Executive-EMEA of SRS Labs. "The result is some of the most stylish TVs available, delivering a high quality audio experience from built-in speakers." In recent research conducted by MarketTools, it was reported that SRS TruSurround XT was SRS Labs strongest brand and the most widely implemented virtual surround sound technology in the market. Additionally, DisplaySearch reported that over 58 million flat panel TVs were shipped worldwide in 2006, of those 22 million featured a SRS audio technology, based on revenue reports. The category is expected to increase by 47.6 percent in 2007, according to DisplaySearch, who is projecting 85.6 million units in worldwide sales. They are also anticipating another 27.6 percent increase in worldwide sales for 2008, predicting shipments of 109.2 million units. SRS audio enhancement technologies continue to be the first choice in audio enhancement for manufacturers due to their flexibility, ease of integration, better overall performance and cost savings benefits. SRS TruSurround technology has 11 patents in the U.S. and internationally. Since its introduction, SRS TruSurround has shipped worldwide in tens of millions of consumer electronics products, such as flat panel TVs, surround speaker bars, DVD players and set-top boxes. 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 Beko Elektronik Company Beko Elektronik Company, operating in the Consumer Electronics sector, was established in 1966. It has 3,500 employees, and 2 different production plants; one is located in Istanbul, Turkey and the other is in Moscow, Russia. The Company produces Beko and Grundig branded products at those plants and they are being sold in over 100 countries all around the world. Determining its strategies with the vision "An improving Beko Elektronik in a changing world," the Company also has many international awards, both for its production plants and for the quality and environmental management systems it has been applying. Carrying out its activities under the mission of "offering our products by following improvements in consumer electronics in a fast paced style, being reliable and exceeding customer expectations," Beko Elektronik Company's total production in 2006 has reached approximately 8 million units. You can visit http://www.bekoelektronik.com.tr/ for detailed information about Beko Elektronik Company and its products. 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., 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 of 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.bekoelektronik.com.tr/

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