(COMTEX) B: New Japan Radio Corporation Licenses Spatializer N-2-2 fo
B: New Japan Radio Corporation Licenses Spatializer N-2-2 for Next Generation
DSPs First Shipments of Two New DSPs Expected in Late Summer 2000 License
Agreement Includes Right to Incorporate Spatializer 3-D Stereo Technology into
Future ICs
WOODLAND HILLS, Calif., Jun 5, 2000 /PRNewswire via COMTEX/ -- Spatializer
Audio Laboratories Inc. (OTC Bulletin Board: SPAZ) announced today that New
Japan Radio Co., Ltd. ("NJRC") has licensed Spatializer's virtual surround sound
technology, Spatializer N-2-2(TM) as well as Spatializer(R) 3-D Stereo, its
two-channel audio enhancement technology. NJRC is expected to begin shipping two
new Spatializer N-2-2(TM) Virtual Surround enabled decoder DSPs in late summer
2000, and will incorporate Spatializer N-2-2 into future DSPs under development
for release next year. In addition, the agreement gives NJRC the right to
develop ICs incorporating Spatializer(R) 3-D Stereo technology.
"The signing of this agreement continues the implementation of our strategy to
align ourselves with the world's leading DSP foundries, with the objective to
further extend the global reach of our Spatializer N-2-2 virtual surround sound
technology," said Henry R. Mandell, Chairman and Chief Executive Officer of
Spatializer Audio Laboratories, Inc. "NJRC has a proven track record as an
aggressive manufacturer and distributor of quality products. We anticipate two
new Spatializer N-2-2 DSP product introductions from NJRC by late summer 2000.
Further, we look forward to working with NJRC on subsequent products, including
new ICs incorporating our Spatializer(R) 3-D Stereo technology to provide cost
effective solutions for the television and audio markets to drive deeper and
wider penetration of this technology. We are very pleased to welcome NJRC to our
extensive family of Spatializer licensees and have them as a partner as we
solidify Spatializer N-2-2 as the de facto world standard in virtual surround
sound."
"We have explored a relationship with Spatializer very carefully and have
concluded that their technology provides us with important competitive
advantages," said Mr. Ryo Ogura, Director, Deputy General Manager, Semiconductor
Sales & Marketing Division of NJRC. "A hallmark of our Company is to offer a
wide range of audio solutions, but the absence of Spatializer's technology left
a large hole in our product line-up. Spatializer N-2-2 is a must-have for DVD's,
and we believe that Spatializer's other technologies can add significant value
to our complete range of products for the PC and Consumer Electronics markets.
We see this agreement as the beginning of a long and successful partnership."
New JRC has been a Japanese unique component manufacturer of Semiconductor and
Microwave since 1959. Today Semiconductors are fabricated in the sub-micron
technology, while Microwave technology allows the effective use of radio waves
despite limited bandwidths. New JRC has a large role to play in uniting and
applying these two technologies to the multimedia field. As we approach the 21st
century, the focus is on intensified development of information transmission and
audio-visual applications for wide-ranging multimedia field. New JRC's
technologies have brought -- Top class supplier of linear products (Op Amp. Reg.
Etc.) -- Leading supplier of small & medium sized LCD drivers -- A wide line-ups
3D surround processor supplier (DSP technology, Bipolar analogue technology) --
GaAs MMIC (for cellular phone) supplier-Microwave component supplier in the
world. New JRC, a public company with 3,500 employees, is aggressively
challenging the future, while our ISO9001 & ISO14001 standard certification
attests to New JRC's high precision and high quality.
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, Compaq, AST, Dell, Gateway, Hewlett Packard, Sony,
Fujitsu, Seiko-Epson, NEC, Micron and Labtec, in silicon with Matsushita, ESS,
Zoran, Motorola, C-Cube, OnChip Systems, NJRC and Acer Laboratories Inc, and in
software compatible with MP3 players such as WinAmp and XingMP3.
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 Spatializer Audio Laboratories Investor
Relations at 1-888-825-0742 or spaz@mdcgroup.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 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 the continued
need for additional capital, 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, and other |
