(PR NEWSWIRE) Spatializer Audio Laboratories and MIPS Technologies Align to P
Spatializer Audio Laboratories and MIPS Technologies Align to Provide MIPS32
And MIPS64-based Designers With Advanced Audio Enhancement Technologies
Embedded Spatializer Virtual Audio Solutions Enhance a Dazzling Array Of
Digital Consumer Products
SANTA CLARA, Calif., Oct. 3 /PRNewswire/ -- Spatializer Audio
Laboratories Inc. (OTC Bulletin Board: SPAZ), developer and marketer of the
de facto standard for virtual surround sound, announced today that it has
entered into an agreement with MIPS Technologies, Inc., (Nasdaq: MIPS, MIPSB),
a leading provider of industry standard processor architectures and cores for
digital consumer and network applications. Under the agreement, Spatializer
will port its embedded audio enhancement technologies to the MIPS32(TM) and
MIPS64(TM) architecture platforms that are being designed into a growing
number of consumer and networking products. The agreement also provides
Spatializer with membership in the MIPS Alliance Program -- a select group of
the industry's leading vendors.
As a member of the MIPS Alliance Program, Spatializer gains access to
MIPS' OEMs and licensees with applications such as video game consoles, MP3
player devices, Personal Data Assistants (PDAs), and digital set-top boxes.
MIPS-based(TM) technology is currently utilized in a dazzling array of
consumer electronics devices, including PlayStation(R), PlayStation2(R),
Nintendo64(R), ReplayTV(R), EchostarDish(R), Cassiopeia(R) and WebTV(R), among
others. By having Spatializer audio enhancement technology pre-ported to the
MIPS(R) RISC processors, manufacturers are provided with a fast, cost-
effective solution for delivering rich, multi-channel audio enhancement from
just two speakers or headphones.
"We're most enthusiastic about our relationship with MIPS Technologies,
especially since it will open doors for us to new markets," said
Henry R. Mandell, chairman and chief executive officer of Spatializer Audio
Laboratories, Inc." The MIPS architecture provides a versatile, high-
performance solution for delivering our feature-rich audio enhancement
technologies to an extended customer base. By aligning with MIPS
Technologies, we are now positioned at the very heart of the digital audio
revolution, since these processors are rapidly becoming the backbone and
solution of choice for a vast array of consumer electronic devices. MIPS is
an enabling technology, and our alliance will allow us to penetrate multiple
markets more efficiently by being embedded at the very source, while at the
same time offering MIPS licensees a fast and comprehensive turn-key audio
solution.
"One of the features that makes MIPS high-performance RISC processors
ideal for advanced consumer products is the ability to efficiently process
audio-compression and decompression algorithms," Brian Knowles, MIPS Vice
President of Marketing, noted." Through the MIPS Alliance Program, we look
forward to providing Spatializer the tools to optimize and verify their audio
products, and to working with them to offer this solution to the rapidly
growing consumer market."
About Spatializer
Spatializer Audio Laboratories, Inc. is a leading developer, licensor and
marketer of next-generation technologies for the consumer electronics,
computing and entertainment industries. The company's advanced audio
technology is incorporated into consumer electronics audio, video and DVD
products from global brand leaders including Toshiba, JVC, Panasonic, Hitachi,
Samsung, Acer, Sharp, Sanyo, Goldstar, Emerson, Zenith and Proton, in PC
multimedia systems and peripherals from Apple, Dell, Gateway, Hewlett Packard,
Sony, Fujitsu, Seiko-Epson, NEC, Micron and Labtec, in silicon from
Matsushita, New Japan Radio Corporation, ESS, Zoran, Motorola, C-Cube, OnChip
Systems, and Acer Laboratories Inc, and in software compatible with MP3
players such as WinAmp and embedded with RISC cores from MIPS Technologies.
Spatializer stock is traded on the OTC Bulletin Board under the symbol
"SPAZ." The company is headquartered in Woodland Hills, Calif. and has
marketing, engineering and R&D facilities in Santa Clara, Calif. and Tokyo.
Further information may be obtained from Spatializer's SEC filings, and by
contacting the Company's Investor Relations Department toll-free at
888-825-0743 or by writing to spaz@mdcgroup.com. For Media inquiries please
contact Marken Communications at 408-986-0100 or by writing to
Andy@MarkenCom.com.
Safe Harbor Act Statement Under the Private Securities Litigation Reform
Act of 1995: Certain information in this news release, including the comments
by Mr. Mandell in paragraph three, are forward looking statements 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 financial goals
will be realized. Numerous uncertainties and risk factors 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. |
