(PR NEWSWIRE) LG Electronics Adopts Spatializer Technology
LG Electronics Adopts Spatializer Technology
Spatializer N-2-2(TM) Virtual Surround Technology Incorporated Across LG's
Range of Proprietary and OEM DVD Models
Spatializer Builds Momentum for N-2-2 to Become the De Facto Standard for
Virtual Surround Sound in the DVD Player Market
WOODLAND HILLS, Calif., June 7 /PRNewswire/ -- Spatializer Audio
Laboratories, Inc. (OTC Bulletin Board: SPAZ) announced today the adoption of
its premier Spatializer N-2-2 for virtual surround processing technology by LG
Electronics for use in their 1999 Goldstar and OEM DVD models from Zenith and
Emerson. This announcement signifies the progress made by Spatializer towards
N-2-2 becoming a world standard for virtual surround sound DVD players and
digital audio applications.
Pete Birch, Vice President of Sales & Marketing for the Company stated,
"We are very pleased to have N-2-2 included in the LG players. Goldstar is a
globally respected brand and combined with their OEM relationships,
significantly increases our exposure in the consumer market. We look forward
to working closely with them to educate their customers on the benefits of the
technology. Their adoption of N-2-2 is particularly satisfying as it
indicates that our efforts to educate both the users and manufacturers of DVD
and PC products are beginning to pay off. 'Not all 3D-audio is the same,' is
the message. We were able to convince Toshiba and Apple that we have the
highest quality virtual audio algorithm available, and we knew that it
wouldn't be long before other manufacturers heard us. We expect to make other
similar announcements in the near future."
LG is currently producing 2 DVD models incorporating N-2-2: the DVD-2300,
and the DVD-2350. LG also produces N-2-2 equipped players through its OEM
channel. In particular, in the U.S. market, LG will manufacture for Zenith
Electronics and Emerson Radio who will both be retailing N-2-2 equipped
players in 1999.
Kwang Soo Jeung, Executive Vice President (Audio/Video OBU) for LG
Electronics commented, "The inclusion of Spatializer's N-2-2 into our players
is a real value add for our customers. A large percentage of DVD users do not
have a complete home theater system. N-2-2 allows them to hear the
multi-channel effect through just two speakers with no compromise in audio
quality. The benefits are obvious -- no more wiring hassles, and no need to
furnish the room around the audio system."
The adoption of the Spatializer N-2-2 technology by these manufacturers
builds on the previous major DVD design wins for N-2-2, most notably with
Toshiba who incorporate the technology across their full 1999 range of
industry leading DVD models.
"This collaboration clearly strengthens Spatializer's position in the
consumer electronics and PC sectors," said Cheryl Currid, president, Currid &
Company, a Houston-based research company focused on digital technology.
"Spatializer is clearly leading the pack in delivering virtual audio for the
consumer electronics and PC market."
LG Electronics (LGE), founded in 1958, has pioneered and led the Korean
electronics industry for the last 40 years. LGE has grown to become a leading
enterprise, unfolding the future of the electronics industry with many
distinguished corporations in over 150 countries throughout the world.
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, Panasonic, Hitachi, Sharp, Sanyo and Proton and in PC multimedia
systems and peripherals from Dell, Gateway 2000, Fujitsu, Seiko-Epson, NEC,
Micron and Labtec. Spatializer stock is traded on the OTC Bulletin Board
under the symbol SPAZ. The company is headquartered in Woodland Hills, Ca.,
and has marketing, engineering and R&D facilities in Mountain View, Ca. and
Tokyo, Japan. Further information may be obtained from Securities and
Exchange Commission (SEC) filings, Web site, or by contacting the company
directly.
Safe Harbor Act Statement Under the Private Securities Litigation Reform
Act of 1995: Certain information in this news release, including the comments
by Mr. Birch in paragraph two 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.
These uncertainties and risk factors include, but are not limited to
dependence on new technology and intellectual property, dependence on the
PC and consumer electronics industries, dependence on product shipments of
third-party licensees, competition and pricing pressures, the timing and
realizable value of the MDT technology, the continued need for additional
capital and other risks detailed from time to time in the Company's periodic
reports filed with the Securities and Exchange Commission.
Notices: Desper Products, Inc. is a wholly owned subsidiary of
Spatializer Audio Laboratories, Inc. Spatializer(R) is a registered trademark
of Desper Products, Inc. N-2-2(TM) is a trademark of Desper Products, Inc.
SOURCE Spatializer Audio Laboratories, Inc.
-0- 06/07/99
/CONTACT: Henry R. Mandell, Chief Executive Officer, Spatializer Audio
Laboratories, Inc., 818-227-3370, or henrym@spatializer.com/
/Web site: spatializer.com
(SPAZ)
CO: Spatializer Audio Laboratories, Inc.; LG Electronics
ST: California
IN: CPR ENT
SU: PDT
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