This sure won't hurt the chances for $2 again,..,
(PR NEWSWIRE) Marantz Selects Spatializer N-2-2 for its New Line of DVD Pl
Marantz Selects Spatializer N-2-2 for its New Line of DVD Players
Latest Design Win Further Solidifies Spatializer's Position as the Leading
Virtual Surround Sound Solution for the DVD Market
WOODLAND HILLS, Calif., Dec. 27 /PRNewswire/ -- Spatializer Audio
Laboratories (OTC Bulletin Board: SPAZ) announced today that Marantz has
incorporated Spatializer N-2-2(TM) into its new line of DVD players. Three
models, DV-4000, DV-7000 and DV-18 will begin shipping worldwide in the first
quarter 2000. This design win represents both the first license of
Spatializer technology by Marantz and is yet another major global DVD brand to
adopt Spatializer's N-2-2 technology which is fast becoming the de facto
virtual surround sound standard in the DVD market.
"We are very pleased to welcome such a venerable brand as Marantz as a new
member of the Spatializer family," stated Henry R. Mandell, Spatializer's
interim CEO. "Marantz has built its reputation over many years as a
manufacturer of high quality consumer electronics. We are honored to have
been selected as the new provider of virtual surround sound for their next
line of DVD players. We look forward to building our relationship with
Marantz by offering superior audio solutions worthy of the Marantz brand
name."
Mr. Katsumi Shimoguchi, Vice President, General Manager, AV Division of
Marantz commented, " We were very much impressed by the virtual surround
sound effect provided by Spatializer N-2-2. Spatializer N-2-2 delivers a
natural and expansive surround sound effect without the need for several
speakers spread over a large area. With such a fine effect from just two
front speakers, and with many of our customers not owning multiple surround
sound speaker systems, we believe N-2-2 is an important value added feature.
We are very pleased to be working with Spatializer and look forward to a long,
mutually beneficial relationship."
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,
Mitsubishi, 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.
Marantz Japan Inc. is one of the leading providers of premium AV products,
which cover widely the audio-visual market. These include Marantz brand audio
equipment and audio-visual products jointly developed with Philips, in
addition to professional-use equipment such as portable recorders and CD
recording equipment. The company has a world wide sales network. Visit the
web site: www.marantz.co.jp for further information.
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, 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 quote in paragraph two 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 N-2-2(TM) is a trademark of Desper
Products, Inc. Spatializer(R) is a registered trademark of Spatializer Audio
Laboratories.
SOURCE Spatializer Audio Laboratories, Inc.
-0- 12/27/1999
/NOTE TO EDITORS: All Spatializer press releases are available on the
Spatializer web site, www.spatializer.com
/CONTACT: Henry R. Mandell, Interim Chief Executive Officer of
Spatializer Audio Laboratories, Inc., 818-227-3370, henrym@spatializer.com/
/Web site: marantz.co.jp
spatializer.com
(SPAZ)
CO: Spatializer Audio Laboratories, Inc.; Marantz Japan Inc.
ST: California
IN: CPR
SU: PDT
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