-SRS Labs signs new deal with Hylab Technology to license SRS TruSurround XT® for broad usage in Digital TV Converter Boxes
SANTA ANA, Calif., January 8, 2008 - SRS Labs, Inc. (NASDAQ: SRSL), a leading provider of surround sound, audio enhancement and voice processing technologies, announced today that Hylab Technology, Inc., will include SRS Labs' patented TruSurround XT virtual surround sound technology in three new models of Digital TV (DTV) Converter boxes.
Hylab Technology's new DTV Converter boxes allow users of older analog TVs to continue using their sets after the digital TV transition in 2009. After February 17, 2009, there will no longer be any over -the -air analog TV transmissions in the United States, therefore, standard definition televisions and users that are dependant on TV broadcasts via antenna will require a DTV converter box such as the models ATB7707, STB -A7707 and DTB7710 provided by Hylab through cooperation with Perpetual Action Group (Asia) Inc. (ODM for Avion, SpectroniQ, including several other major USA -based brands as well as Metronic and Alba products).
Hylab chose to include SRS TruSurround XT in their DTV converter boxes because of the unique and demonstrable features it provides. Not only will users be able to continue the use of their standard definition televisions, but they will also be able to enjoy an exciting home theater audio entertainment experience. SRS TruSurround XT makes this possible because it creates a completely immersive surround sound experience from the TVs internal speakers.
"Thanks to our partnership with SRS we will be able to furnish consumers with enhanced audio features with the SRS features built into the converter boxes to supplement and enhance their existing A/V system. This will add an exciting extra dimension to their viewing and listening pleasure," says Chrise Lee, CEO of Hylab Technologies, "making the decision to purchase this solution a "no -brainer."
SRS TruSurround XT, having been included in tens of millions of TVs, is the world's leading virtual surround sound technology. It processes up to 7 -channels of audio for playback over two speakers. When receiving multichannel content, TruSurround XT virtualizes the channels creating "phantom" speakers that appear to extend all around the listener, producing an amazing and realistic surround sound effect. Users also experience deep, rich bass enhancement and improved dialog clarity. When receiving a mono or stereo signal, TruSurround XT presents an expansive three -dimensional sound field for a truly immersive audio experience.
"We are excited to begin a new partnership with Hylab Technologies and to continue our long standing relationship with STMicroelectronics," said Lenka Koloma, Sr. Director Strategic IC Platform Development of SRS Labs. "Both companies acknowledge the benefits of integrating SRS audio enhancement technologies into their products, offering consumers the best possible audio experience. Additionally, Hylab's new DTV converter box allows consumers to experience a home theater quality audio experience directly from their existing TVs."
All of Hylab's DTV converter boxes use the STMicrolectronics chip, STi77xx. STMicroelectronics is a long time platform partner of SRS Labs and the STi77xx semiconductor embeds the SRS TruSurround XT directly into the chipset, offering fast and simple implementation. Integration of TruSurround XT further enhances the overall audio experience, without the need for additional equipment or programming.
"Adding SRS TruSurround XT brings a different dimension to the existing analog TV viewing experience which currently possesses great technical limitations against HDTV. Combined with Hylab's superior design we are bringing the consumers unmatched entertainment enjoyment without a need of any additional hardware set up. TruSurround XT is a proven technology we have supported through our product line up and are pleased to deploy it within this important market," said Gabriel Guglielmi, General Manager of the Consumer Business Unit within ST's Home Video Division.
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®, SRS TruSurround® and SRS Circle Surround®. 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 www.srslabs.com
Except for historical information contained in this release, statements in this release, including those by Ms. Koloma, 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.