SRSL Srs Labs, Inc. (MM)

Inventor's Sound Retrieval System technology led to formation of SRS Labs SANTA ANA, Calif., Oct. 2 /PRNewswire-FirstCall/ -- SRS Labs (NASDAQ:SRSL), the industry leader in surround sound, audio, and voice technologies, announced today with deep regret the passing of Arnold Klayman, one of the leading innovators in the history of audio technology, and inventor of the Sound Retrieval System(R), after which SRS Labs is named. Mr. Klayman was 82. (Logo: http://www.newscom.com/cgi-bin/prnh/20070322/LATH036LOGO) "This is a very sad day at SRS", said Tom Yuen, CEO of SRS Labs. "Arnold was a genuine innovator whose contributions extend across a wide range of audio products. He was one of the very first to apply the science of psychoacoustics to improve audio playback, and he had a keen understanding of the human hearing process. He will be deeply missed." Arnold was a brilliant researcher and inventor who combined his love of music and technology to develop many novel and unique products in the field of audio electronics. He held more than twenty patents. In the early 70's, Klayman created the renowned Venturi bookshelf speaker, which became the fourth largest selling speaker in the U.S. He received two patents for this design, which produced four times as much bass as comparably sized loudspeakers. In 1980, Klayman started an R&D facility and acted as a consultant for acoustical engineering projects. He was retained by Hughes Aircraft to create advanced entertainment systems for wide body aircraft, and it was at Hughes that he created SRS' namesake technology -- the Sound Retrieval System. This technology restored the original three-dimensional sound field of stereo recordings by retrieving spatial information buried in the recordings. It's become the world's leading 3D Sound technology. In 1984, Hughes hired Klayman as a senior scientist and formed an audio division around him. Over the next seven years, he developed many other audio technologies for the company, and received several additional audio and speaker-related patents. In 1994, Klayman came over to the newly formed SRS Labs, Inc., where he continued to use his skills to enhance the company's portfolio of audio technologies, including WOW, TruBass, TruSurround, FOCUS, 3D Mono and VIP. In 2006, Klayman retired from the company. Arnold is survived by his son Jonathan, of Torrington, CT. He is fondly remembered by all who knew him as a cheerful, generous and kind-hearted man who gave freely of his time and resources. He made better the lives of everyone around him, and he will be lovingly remembered and deeply missed. About SRS Labs, Inc. Founded in 1993, SRS Labs is the industry leader in audio signal processing for consumer electronics. Beginning with the audio technologies originally developed at Hughes Aircraft, SRS Labs holds over 150 worldwide patents and is recognized by the industry as the foremost authority in research and application of human auditory principals. Through partnerships with leading global CE companies, semiconductor manufacturers and software partners, SRS audio, surround sound and voice processing technologies have been included in over one billion electronic products sold worldwide including HDTVs, mobile phones, portable media devices, PCs and automotive entertainment. In fact, SRS Labs is the de-facto standard of HDTV audio processing with nine of the top ten name brand flat panel TVs featuring SRS technology. 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: Cyndee Pelino, Sr. Marketing Manager 949-442-5518 Investor Relations Contact: Matt Glover, Liolios Group, Inc. 949-574-3860 Press Contact: Chuck Back, Noyd Communications Inc. 310-614-2358 http://www.newscom.com/cgi-bin/prnh/20070322/LATH036LOGO http://photoarchive.ap.org/ DATASOURCE: SRS Labs, Inc. CONTACT: Cyndee Pelino, Sr. Marketing Manager of SRS Labs, Inc., +1-949-442-5518, ; Investor Relations, Matt Glover of Liolios Group, Inc., +1-949-574-3860, , or Press, Chuck Back of Noyd Communications Inc., +1-310-614-2358, , both for SRS Labs, Inc. Web site: http://www.srslabs.com/

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