(COMTEX) B: C CUBE MICROSYSTEMS INC - N-2-2 Virtual Surround Sound Te
B: C CUBE MICROSYSTEMS INC - N-2-2 Virtual Surround Sound Technology
Incorporated in - LG DVD-RW Recorder
New York, New York, Oct. 05, 2000 (Market News Publishing via COMTEX) --
Spatializer Audio Laboratories Inc., developer and marketer of the de facto
standard for virtual surround sound, announced that its Spatializer N-2-2(TM)
audio enhancement technology has been included in the first DVD-RW (read/write)
recorder from LG Electronics. Acclaimed as the most natural virtual surround
sound available, Spatializer N-2-2 reproduces the spatial realism of 5.1
channels of Dolby Digital(R) through just two standard speakers, thereby
eliminating the cost and complexity of such multi-speaker installations.
Spatializer N-2-2 is delivered to the new DVD player/recorder via C-Cube
Microsystems' (Nasdaq: CUBE) Ziva-4 (R) DVD decoder.
LG Electronics, a leading manufacturer of consumer electronics, is showing the
new DVD-RW recorder this week at the Korean Electronics Show (KES), in Seoul,
Korea and plans to have the product available in 2001.
"We're delighted to mark Spatializer N-2-2's entry into the DVD-RW player
segment with a market leader like LG Electronics," said Henry R. Mandell,
Chairman and Chief Executive Officer of Spatializer Audio Laboratories.
"Industry analysts project that sales of DVD-RW recorders will double annually
over the next five years. Eventually, DVD recorders will be as pervasive as the
VCR, and indeed, will ultimately replace it. LG is a leading manufacturer of DVD
players and one of the first to offer a DVD-RW recorder. With the LG DVD-RW,
consumers will have a single solution for DVD playback and recording digital
videos. We're pleased to extend our market penetration at LG, and to enter the
DVD-RW market with this new design win."
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, LG Electronics, 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. 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, 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 and Spatializer
N-2-2(TM) is a trademark of Desper Products, Inc . Ziva-4 is a registered
trademark of C-Cube Microsystems. Dolby Digital is a registered trademark of
Dolby Laboratories.
______________________________________
___________________________________________________________________
(c) Market News Publishing Inc. Tel:(604) 689-1101
All rights reserved. Fax:(604) 689-1106
MarketbyFax(tm) - To get the NEWS as it happens, call (604)
689-3041.
-0-
*** end of story *** |
