WESTPORT, Conn.--(BUSINESS WIRE)--Nov. 27, 2000 (looks pretty good)
Press Release
NCTI Signs Infinite Technology To Develop DSP System-on-Chip For
Communications Applications
WESTPORT, Conn.--(BUSINESS WIRE)--Nov. 27, 2000--NCT Group, Inc. (OTCBB: NCTI - news) today announced a development agreement
with Infinite Technology Corporation (``ITC'').
Under this agreement, ITC will develop DSP System-on-Chips (SoCs) that will be used as a platform for delivering NCTI's entire suite of
ClearSpeech® algorithms, including Adaptive Speech Filter(TM), Acoustic Echo Canceller and Reference Noise Filter(TM). ITC will also
manufacture and market the chips to their customers who need noise cancellation for their Internet-ready products. In consideration for this
development agreement, ITC will receive up to $2.5 million dollars.
``The market potential for low cost DSP SoCs enabling noise cancellation processing is significant and we look forward to using these chips
as platforms upon which we can deliver advanced quiet products,'' said Michael J. Parrella, chairman and CEO, NCTI. ``The DSP SoC that
Infinite is developing for us is ideal for communications applications such as telephony, hands-free car kits and IP telephony.''
About Infinite Technology Corporation
Infinite Technology Corporation, based in Richardson, Texas, is the SemiConductor Original Publishing Enterprise specializing in the
design, manufacturing and marketing of digital signal processing (DSP) solutions to create system-on-chip products utilizing its proprietary
RADcore(TM) Technology. Founded in 1991, ITC also provides integrated circuit design services and software development. More
information can be found at infinite-tech.com.
About NCT Group, Inc.
NCT Group, Inc. is a publicly-traded, high-tech company with operating subsidiaries in media and communications. NCT's strong technology
base of using sound and signal waves to electronically reduce noise, improve signal-to-noise ratio and enhance sound quality, drives
leading edge technological innovations in media, through its Distributed Media subsidiary, and communications, through its MidCore
Software and Pro Tech subsidiaries, with a specific concentration on IP telephony applications. The Company's emerging technology
incubation strategy nurtures development of NCT technologies and complementary technologies from outside developers. For more
information refer to www.nct-active.com.
Cautionary Statement Regarding Forward-Looking Statements
Certain information contained in this press release are forward-looking statements within the meaning of the Private Securities Litigation Act
of 1995 (the ``Act''), which became law in December 1995. In order to obtain the benefits of the ``safe harbor'' provisions of the Act for any
such forward-looking statements, the Company wishes to caution investors and prospective investors about significant factors, which among
others, have in some cases affected the Company's actual results and are in the future likely to affect the Company's actual results and
cause them to differ materially from those expressed in any such forward-looking statements. Investors and prospective investors should
read this press release in conjunction with the Company's most recent Form 10-K and Forms 10-Q.
Java and all Java-based trademarks and logos are trademarks or registered trademarks of Sun Microsystems, Inc. in the U.S. and other
countries. RADcore is a trademark of Infinite Technology Corporation
Contact:
Media:
NCT Group, Inc.
Joanna Lipper
203/226-4447 ext. 3506
203/226-3123 (fax)
jlipper@nct-active.com
or
Investor:
NCT Group, Inc.
Robert Onesti
203/226-4447 ext. 3502
203/226-3123 (fax)
rjonesti@nct-active.com |
