- SRS Labs partners with growing list of manufacturers to embed SRS
technologies in a wider range of CE products than ever before SANTA
ANA, Calif., Dec. 18 /PRNewswire-FirstCall/ -- SRS Labs, Inc.
(NASDAQ:SRSL), a leading provider of surround sound, audio
enhancement and voice processing technologies, revealed details
today about their business in 2007. SRS Labs, already one of the
leading providers of cutting edge audio signal processing
solutions, developed several mutually beneficial worldwide business
partners, expanded their penetration in key market segments, and
launched a number of new technologies designed for the growing
mobile media and home entertainment industries. (Logo:
http://www.newscom.com/cgi-bin/prnh/20070322/LATH036LOGO) Patented
audio solutions from SRS Labs have been shipped in more than one
billion products worldwide, including flat panel TVs, mobile
phones, portable media devices, personal computers, Bluetooth
accessories and automotive entertainment systems. SRS audio
processing provides the best possible sound for every product form
factor and every listening environment. Flat Panel TV Market In
2007, three of the top European TV manufacturers, Beko, VESTEL and
Profilo, became SRS licensees. Beko is integrating TruSurround
XT(R) virtual surround sound technology in all 37-inch and up LCD
TVs throughout their new 2007 - 2008 lineup, which includes the
Hydra, Piano, Excito and Impeto models. VESTEL is using SRS WOW(R)
audio and bass enhancement technology and TruSurround XT on more
than 70 models of LCD TVs for the European and South American
markets. And Profilo is featuring TruSurround XT in nine LCD and
Plasma models, in addition to two distinct Telefunken product lines
(Invio and Visium), plus OEM brands like Tevion. In Q4 2007, Sharp,
one of the world's top five LCD brands, became a new licensee of
SRS TruSurround XT. TruSurround XT is featured in Sharp's new 2007
- 2008 LCD TV lineup, with more than 50 models, 32-inch and up,
targeted for the European and Asian markets. SRS also finalized a
multi-year license agreement with LG Electronics for the unlimited
use of WOW and TruSurround XT in their flat panel TVs through the
year 2010. SRS TruSurround XT, dominating SRS' 2007 licensing deals
for the TV market, is the world's leading patented virtual surround
sound technology. It 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
to optimize bass performance using psychoacoustic principles and
improve the intelligibility of dialog from video content. The
world's leading TV manufacturers continue to choose SRS Labs as
their audio partner of choice because of the flexibility, ease of
integration, better overall performance and cost savings benefits
provided by SRS technologies. In 2006, SRS technologies were found
in 38 percent of the 58 million flat panels that were shipped
worldwide. For the first three quarters of 2007, SRS Labs
experienced a 48.8 percent increase in units sold featuring SRS IP
over the same period in 2006. With global FPTV units predicted to
reach 110 million by 2008, according to DisplaySearch, it is clear
that this market provides terrific growth opportunity for SRS
licensing. Additionally, among the top nine FPTV manufacturers
reported by DisplaySearch, seven: Samsung; Sony; Sharp; LG;
Panasonic; Hitachi; and Pioneer, feature at least one SRS audio
technology in their FPTVs to provide improved virtual surround
sound and improved audio quality. Portable Media Device and
Accessory Market An area where SRS Labs brought on several new
licensing partners in 2007 was in the category of portable media
devices and accessories. Popular third-party accessory
manufacturers for Apple products -- Macally, Intellitouch and
Griffin Technology -- licensed and shipped SRS WOW-enabled iPod
speaker systems to improve the consumer audio sound quality for
iPods. Accessories 4 Technology featured SRS TruSurround(R) virtual
surround sound on their innovative and fashionable PSP docking
station, which is branded under the Tannoy name. Also in 2007 The
Sharper Image extended its marketing agreement with SRS Labs to
feature SRS WOW in 2 new over-the-ear headphones, an outdoor
wireless speaker system, and a 2.1 CD Stereo System. Additionally,
SIRIUS Satellite Radio licensed both SRS FOCUS(TM) and SRS
TruBass(R) for the new STILETTO 2, their exciting new portable
satellite radio device which begin shipping in November. From the
Korean market, several MP3 manufacturers, including iRiver, choose
SRS WOW HD to enhance the audio and bass performance of select
models of their portable media players. Additionally, LG
Electronics incorporated SRS Mobile HD(TM) surround headphone
technology into the LG N1 PDA that includes GPS navigation. Samsung
Techwin also became a licensee and is incorporating SRS WOW HD(TM)
in several of their popular i series cameras including the new i85
-- the first product to receive a CES2008 Innovations award for the
upcoming 2008 International Consumer Electronics Show. 2007 was
also the year in which a relatively new market emerged, Bluetooth
accessories. SRS enabled several new licensees and products for
stereo Bluetooth-enabled headphones and speakers. Realizing the
demonstrable improvement SRS WOW HD can provide in A2DP audio
quality, key manufacturers turned to SRS Labs to enhance the audio
quality of their products. SLAudio, IOGEAR, and Modelabs, became
new licensees and marketing partners featuring SRS WOW HD in
stereo-enabled Bluetooth Headsets aimed at the portable media
market. Additionally, Altec Lansing is adding SRS TruBass bass
enhancement technology to the inMotion SoundBlade Wireless Speaker
System, which is used with stereo Bluetooth-enabled mobile phones.
Mobile Phone Market In 2007, Arima Communications, an Original
Design Manufacturer (ODM) based in Taiwan, licensed SRS WOW HD for
a variety of their high-end Windows Mobile handsets including
three, multimedia PDA phones [e.g. Xda Atom Life, Xda Flame and Xda
Atom Life Limited Edition]. Both NEC and Motorola also continued to
license and use SRS audio technologies in their mobiles phones to
enrich the audio experience over headphones and the handset
speaker(s). NEC licensed SRS WOW and SRS Dialog Clarity(TM) for use
in select handsets, while Motorola featured SRS WOW XT in the MotoQ
handsets. Automotive Market SRS Labs also saw the integration of
the feature-rich SRS CS Auto(TM) technology featured as the
optional Premium Package 6-disc, in-dash, CD changer for the 2008
Subaru Impreza. CS Auto creates a thrilling in-vehicle surround
sound experience from all audio sources, including surround encoded
content, mono or stereo radio broadcasts, satellite radio, HD
Radio, standard CD and compressed MP3 music files. Also in 2007,
the Toyota FJ Cruiser featured SRS FOCUS technology which
electronically raises the audio image from speakers mounted lower
in the door panels up to an optimum listening height -- at ear
level. Additionally, both SRS CS Auto and SRS WOW were implemented
in numerous line-install and aftermarket automotive head units from
JVC, Pioneer, Panasonic, Fujitsu Ten, which is branded under the
Eclipse name, and others. New Technologies and Products Unveiled in
2007 Providing virtual surround sound over only two speakers is a
primary technology of SRS Labs and this year the company improved
upon the already successful and popular SRS TruSurround technology
family, making available SRS TruSurround HD(TM) and SRS TruSurround
HD4(TM), which are specifically aimed at flat panel TVs and speaker
bars. SRS TruSurround HD, ideal for FPTVs, accepts input from mono,
stereo and up to a 7-channel (6.1) audio source and renders
surround sound from output speaker configurations ranging from 2.0
to 3.1. On the other hand, SRS TruSurround HD4, which is perfect
for speaker bars, process surround sound for playback over front
oriented speaker configurations ranging from 4.0 to 5.1 channels.
The proprietary algorithms also optimize bass performance, enable
surround channel mix and center channel adjustments, provide better
intelligibility of vocals, and deliver maximum high-frequency
clarity. SRS also saw a highly successful launch of the SRS iWOW
2.0 consumer plug-in for iTunes on the Mac. iWOW 2.0, based on its
heavily adopted and award-winning predecessor, iWOW, includes
advanced new features to offer Mac users preset options and a 5.1
movie headphone mode. "SRS Labs is pleased with the progress we
have experienced in 2007 and anticipate that 2008 will be even more
prolific with new opportunities for growth in several key markets,
especially flat panels TVs and all forms of portable media," said
Tom Yuen, President of SRS Labs. 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/ 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 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/
Copyright
Srs Labs (NASDAQ:SRSL)
Historical Stock Chart
From Jun 2024 to Jul 2024
Srs Labs (NASDAQ:SRSL)
Historical Stock Chart
From Jul 2023 to Jul 2024