(COMTEX) B: C-Cube Microsystems Confirms Spatializer as the Preferred
B: C-Cube Microsystems Confirms Spatializer as the Preferred Provider Of
Virtual Surround Sound Technology in C-Cube's Existing Semiconductor Products
New York, New York, Jan 24, 2001 (Market News Publishing via COMTEX) --
Spatializer Audio Laboratories Inc. developer and marketer of the defacto
standard for virtual surround sound, announced that C-Cube Microsystems has
extended its license and distribution agreement with Spatializer through July 1,
2004.
"Spatializer is C-Cube's preferred provider of virtual sound technology and we
are pleased to further extend our relationship," says Umesh Padval, president
and CEO of C-Cube. "We currently include Spatializer N-2-2(TM) in all our
market-leading ZiVA(R) family of decoder ICs for DVD audio and video players. We
look forward to demonstrating future Spatializer developments through our
industry leading ZiVA DVD decoder ICs." C-Cube's ZiVA decoders are currently
being used in DVD players from several consumer electronic giants, such as
Samsung and LG Electronics, and is braced to extend its dominance with the
industry's first complete DVD system processor, ZiVA-5.
Under the new agreement, C-Cube OEM customers will now pay royalty fees directly
to Spatializer for use of its audio enhancement technology. Spatializer's
Chairman and CEO Henry R. Mandell explains that this was done to facilitate the
licensing of multiple feature set options which Spatializer expects to offer in
the future and to further C-Cube's competitiveness in the DVD decoder market.
C-Cube is a worldwide leader in digital media processing and is leading the way
with new communication processors and networked consumer products. With a focus
on DVD, set-top boxes and codec-enabled products, C-Cube is driving the
technology for the "networked digital home."
The DSP-based Spatializer N-2-2(TM) software used by C-Cube features proprietary
psycho-acoustic optimization algorithms, enabling it to reproduce the spatial
realism of 5.1 channels of Dolby Digital(R) through just two standard speakers.
Designed to enhance the listener's entertainment experience, the Spatializer
software delivers an ultra-wide, deep and robust optimal listening area (sweet
spot).
"It's particularly rewarding to be confirmed by such an industry leader a
C-Cube," says Mandell. "I'm confident that our strategic relationship will
provide broader marketing opportunities in the rapidly expanding DVD industry.
Our engineers are already hard at work designing new products to meet future
applications. It's the kind of long-term relationship that can easily translate
into enhanced shareholder value for both companies."
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, Goldstar, 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, VM Labs 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 Santa Clara, CA., with marketing offices in
Tokyo, Japan. Further information may be obtained by visiting the company's
website at spatializer.com or 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 background news release, including the
comments by Mr. Mandell 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, 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. Any other trademarks mentioned
herein are the property of their respective owners.
MarketbyFax(tm) - To get the NEWS as it happens, call (604) 689-3041.
(C) 2001 Market News Publishing Inc.
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KEYWORD: New York, New York
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