CORRECTING and REPLACING SRS and Texas Instruments Expand the Availability of SRS Audio Solutions Among TI Codecs

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SRS AND TEXAS INSTRUMENTS EXPAND THE AVAILABILITY OF SRS AUDIO SOLUTIONS AMONG TI CODECS

As a standard feature of the new PCM3070 Codec, SRS WOW HD Delivers a Wide Stereo Image, Clear Center Vocals and Impressive Bass for Soundbars and Docking Stations

SRS Labs, Inc. (NASDAQ: SRSL), officially recognized as one of America’s Greatest Brands and the industry leader in surround sound, audio and voice technologies, today announced the expansion of its licensing relationship with Texas Instruments through the inclusion of SRS WOW HD™ as a standard audio enhancement feature in Texas Instruments’ new PCM3070 codec targeting soundbar and docking station OEMs.

Already a standard feature of TI’s miniDSP-based products for the mobile phone market, the inclusion of SRS WOW HD in the PCM3070 fits into TI’s miniDSP-based home theater solutions, which are targeting soundbar and docking station OEMs. Customers using TI’s PCM3070 now have instant access to SRS’ popular WOW HD audio enhancement solution and, in the near future, more SRS technologies, including SRS TruSurround HD™, the industry’s leading front-rendered surround sound solution, and SRS TruVolume®, the most popular volume leveling solution in the market, will become available to the PCM3070 adopters through a direct license agreement with SRS.

“Our previously announced miniDSP relationship with TI has been a triple-win collaboration for SRS, TI and our mutual customers,” said Joanna Skrdlant, Senior Director of Global Platforms for SRS Labs. “TI adds an additional layer of capabilities to their broad portfolio of high-quality audio products with industry-leading, premium branded audio solutions from SRS, giving customers an outstanding solution; SRS benefits from seeding its technologies further into markets such as mobile devices, soundbars and docking stations; and OEMs get high-quality and cost-effective miniDSPs from TI that feature highly recognized audio processing solutions from SRS Labs that are easy to use and deliver a premium audio experience.”

Key features and benefits of the PCM3070 Codec:

SRS WOW HD, included as a standard feature improves the playback quality of audio, delivering a dynamic 3D entertainment experience with deep, rich bass and high frequency clarity for crisp detail.
Near-term roadmap plans will provide interested customers with an upgrade path to include SRS® TruVolume™ and/or SRS TruSurround HD™ through direct licensing arrangements with SRS Labs, Inc.
Integrated, programmable 32-bit miniDSP engines allow for customized processing solutions, including branded audio effects, multiband dynamic range compression, and custom filters and algorithms.
Highly integrated solution, including 24-bit stereo DAC, 24-bit stereo ADC, and integrated PLL simplifies system design and reduces bill of materials.
Single-supply power system can run from 1.8 V to 3.6 V.

The new PCM3070 includes a stereo 24-bit digital-to-analog converter (DAC), stereo 24-bit analog-to-digital converter (ADC) and integrated phased-locked loop (PLL) for flexible audio clock generation. The codec enables designers to produce high-quality, low-cost soundbar solutions and, coupled with TI’s Value Soundbar Reference Design Kit, develop their products quickly and cost effectively.

For more information about this announcement, SRS’ collaboration with Texas Instruments, or SRS technologies, please contact us at pr@srslabs.com or visit us on Facebook, Twitter and YouTube.

About SRS Labs, Inc.

Founded in 1993, SRS Labs is the industry leader in audio signal processing for consumer electronics across the four screens: TV; PC; Mobile Phones; and Automotive Entertainment Systems. 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 audio post processing technologies based on the human auditory principles. Through partnerships with leading global CE companies, semiconductor manufacturers, software developers, and content aggregators, SRS is recognized as the de facto standard in audio enhancement, surround sound, volume leveling, audio streaming, and voice processing technologies. SRS solutions have been included in over two billion electronic products sold worldwide including flat panel HDTVs, AV products, STBs, PCs, mobile phones, and automotive entertainment and telematics systems. For more information, visit www.srslabs.com.

Except for historical information contained in this release, statements in this release, including those by Mrs. Skrdlant, 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.

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