(COMTEX) B: SPATIALIZER ADDS MITSUBISHI TO LICENSEE ROSTER MITSUBISHI
B: SPATIALIZER ADDS MITSUBISHI TO LICENSEE ROSTER MITSUBISHI FIRST LICENSEE OF
NEW AN7399 3-D STEREO CHIP FOR ITS CUTTING EDGE 15" Multimedia Display
WOODLAND HILLS, Calif., Nov 30, 1999 /PRNewswire via COMTEX/ --
Spatializer Audio Laboratories (OTC Bulletin Board: SPAZ) announced
today that Mitsubishi has incorporated Spatializer 3-D stereo
technology into its revolutionary new model MDT151X, a 15" LCD
multimedia monitor. This design win represents both the first license
of Spatializer technology by Mitsubishi and the first incorporation of
the AN7399 chip which Spatializer announced a few months ago.
The MDT151X is a multimedia display with a built-in television tuner in
a separate multimedia box which has input facilities for two video
sources such as DVD player and VCR. The box comes with USB interface
connectors and analog RGB socket with a single digital interface cable
for connection with the display. The display itself is a 15-inch color
TFT of XGA resolution and it is only 1 and 1/16 inches thick for easy
mounting on the wall, for example. The MDT151X was put on sale in Japan
at Y148,000 (about $1,400) in the first week of November.
"We proudly welcome Mitsubishi onto our distinguished list of world
class licensees," stated Henry R. Mandell, Spatializer's interim CEO.
"Further, we are delighted that they are leading the way as the first
(COMTEX) B: SPATIALIZER ADDS MITSUBISHI TO LICENSEE ROSTER MITSUBISHI
B: SPATIALIZER ADDS MITSUBISHI TO LICENSEE ROSTER MITSUBISHI FIRST LICENSEE OF
NEW AN7399 3-D STEREO CHIP FOR ITS CUTTING EDGE 15" Multimedia Display
WOODLAND HILLS, Calif., Nov 30, 1999 /PRNewswire via COMTEX/ --
Spatializer Audio Laboratories (OTC Bulletin Board: SPAZ) announced
today that Mitsubishi has incorporated Spatializer 3-D stereo
technology into its revolutionary new model MDT151X, a 15" LCD
multimedia monitor. This design win represents both the first license
of Spatializer technology by Mitsubishi and the first incorporation of
the AN7399 chip which Spatializer announced a few months ago.
The MDT151X is a multimedia display with a built-in television tuner in
a separate multimedia box which has input facilities for two video
sources such as DVD player and VCR. The box comes with USB interface
connectors and analog RGB socket with a single digital interface cable
for connection with the display. The display itself is a 15-inch color
TFT of XGA resolution and it is only 1 and 1/16 inches thick for easy
mounting on the wall, for example. The MDT151X was put on sale in Japan
at Y148,000 (about $1,400) in the first week of November.
"We proudly welcome Mitsubishi onto our distinguished list of world
class licensees," stated Henry R. Mandell, Spatializer's interim CEO.
"Further, we are delighted that they are leading the way as the first
user of the new AN7399 3-D stereo chip which we announced a few months
ago."
Mr. Daisuke Umeno, Manager, Engineering SEC. -B, Display Monitor
Engineering Dept., of Mitsubishi Image & Information Systems Works
commented, "We were seeking the finest 3-D audio solution to
incorporate into our trend-setting LCD monitor/TV. We evaluated several
competitive solutions and concluded that the Spatializer technology and
the AN7399 chip clearly provided the combination of superior audio
performance and value that we desire for our customers. Spatializer 3-D
stereo is certainly the optimal audio solution worthy of this
revolutionary device."
Mr. Mandell concluded, "We are very excited about Mitsubishi's terrific
new product and are grateful that they saw fit to have looked beyond
their existing licensors of audio solutions to select Spatializer. We
intend to make the most of this opportunity to demonstrate that our
suite of audio technologies will help provide Mitsubishi the finest and
most impressive listening experience for their customers, bar none."
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, Sanyo, Goldstar, Emerson,
Zenith and Proton and in PC multimedia systems and peripherals from
Apple, Dell, Gateway, Hewlett Packard, Sony, Fujitsu, Seiko-Epson, NEC,
Micron and Labtec.
Headquartered in Tokyo, Mitsubishi Electric Corporation is a leader in
information and communications systems, electronics components,
consumer products and power systems. Among its newly developed
products, the Diamond Vision and Display Monitors enjoy one of the top
leader's positions in the world market. Mitsubishi Electric's World
Wide Web site is located at mitsubishi.com
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 Mountain View, Calif. and
Tokyo. Further information may be obtained from Spatializer's SEC
filings, Web-site (www.spatializer.com) or by contacting the company
directly.
Safe Harbor Act Statement Under the Private Securities Litigation
Reform Act of 1995: This news release contains forward looking
statements, including Mr. Mandell's quotes in paragraphs three and five
which are subject to a variety of risks and uncertainties. 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, successful consummation of transactions in negotiation,
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 Spatializer Audio Laboratories. Copyright (C) 1999
Spatializer Audio Laboratories, Inc.
Note to editors: All Spatializer press releases are available on the
Spatializer web site, www.spatializer.com
SOURCE Spatializer Audio Laboratories, Inc.
(C) 1999 PR Newswire. All rights reserved.
prnewswire.com
-0-
CONTACT: Henry R. Mandell, Interim Chief Executive Officer of
Spatializer Audio Laboratories, Inc., 818-227-3370,
henrym@spatializer.com
WEB PAGE: mitsubishi.com
spatializer.com
GEOGRAPHY: California
Japan
INDUSTRY CODE: CPR
SUBJECT CODE: LIC
OTC
*** end of story ***
*** end of story ***
(COMTEX) B: SPATIALIZER ADDS MITSUBISHI TO LICENSEE ROSTER MITSUBISHI
B: SPATIALIZER ADDS MITSUBISHI TO LICENSEE ROSTER MITSUBISHI FIRST LICENSEE OF
NEW AN7399 3-D STEREO CHIP FOR ITS CUTTING EDGE 15" Multimedia Display
WOODLAND HILLS, Calif., Nov 30, 1999 /PRNewswire via COMTEX/ --
Spatializer Audio Laboratories (OTC Bulletin Board: SPAZ) announced
today that Mitsubishi has incorporated Spatializer 3-D stereo
technology into its revolutionary new model MDT151X, a 15" LCD
multimedia monitor. This design win represents both the first license
of Spatializer technology by Mitsubishi and the first incorporation of
the AN7399 chip which Spatializer announced a few months ago.
The MDT151X is a multimedia display with a built-in television tuner in
a separate multimedia box which has input facilities for two video
sources such as DVD player and VCR. The box comes with USB interface
connectors and analog RGB socket with a single digital interface cable
for connection with the display. The display itself is a 15-inch color
TFT of XGA resolution and it is only 1 and 1/16 inches thick for easy
mounting on the wall, for example. The MDT151X was put on sale in Japan
at Y148,000 (about $1,400) in the first week of November.
"We proudly welcome Mitsubishi onto our distinguished list of world
class licensees," stated Henry R. Mandell, Spatializer's interim CEO.
"Further, we are delighted that they are leading the way as the first
user of the new AN7399 3-D stereo chip which we announced a few months
ago."
Mr. Daisuke Umeno, Manager, Engineering SEC. -B, Display Monitor
Engineering Dept., of Mitsubishi Image & Information Systems Works
commented, "We were seeking the finest 3-D audio solution to
incorporate into our trend-setting LCD monitor/TV. We evaluated several
competitive solutions and concluded that the Spatializer technology and
the AN7399 chip clearly provided the combination of superior audio
performance and value that we desire for our customers. Spatializer 3-D
stereo is certainly the optimal audio solution worthy of this
revolutionary device."
Mr. Mandell concluded, "We are very excited about Mitsubishi's terrific
new product and are grateful that they saw fit to have looked beyond
their existing licensors of audio solutions to select Spatializer. We
intend to make the most of this opportunity to demonstrate that our
suite of audio technologies will help provide Mitsubishi the finest and
most impressive listening experience for their customers, bar none."
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, Sanyo, Goldstar, Emerson,
Zenith and Proton and in PC multimedia systems and peripherals from
Apple, Dell, Gateway, Hewlett Packard, Sony, Fujitsu, Seiko-Epson, NEC,
Micron and Labtec.
Headquartered in Tokyo, Mitsubishi Electric Corporation is a leader in
information and communications systems, electronics components,
consumer products and power systems. Among its newly developed
products, the Diamond Vision and Display Monitors enjoy one of the top
leader's positions in the world market. Mitsubishi Electric's World
Wide Web site is located at mitsubishi.com
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 Mountain View, Calif. and
Tokyo. Further information may be obtained from Spatializer's SEC
filings, Web-site (www.spatializer.com) or by contacting the company
directly.
Safe Harbor Act Statement Under the Private Securities Litigation
Reform Act of 1995: This news release contains forward looking
statements, including Mr. Mandell's quotes in paragraphs three and five
which are subject to a variety of risks and uncertainties. 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, successful consummation of transactions in negotiation,
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 Spatializer Audio Laboratories. Copyright (C) 1999
Spatializer Audio Laboratories, Inc.
Note to editors: All Spatializer press releases are available on the
Spatializer web site, www.spatializer.com
SOURCE Spatializer Audio Laboratories, Inc.
(C) 1999 PR Newswire. All rights reserved.
prnewswire.com
-0-
CONTACT: Henry R. Mandell, Interim Chief Executive Officer of
Spatializer Audio Laboratories, Inc., 818-227-3370,
henrym@spatializer.com
WEB PAGE: mitsubishi.com
spatializer.com
GEOGRAPHY: California
Japan
INDUSTRY CODE: CPR
SUBJECT CODE: LIC
OTC
*** end of story *** |
