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Strategies & Market Trends : SPATIALIZER AUDIO LABS INC (SPAZ)

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To: Gary Carlson who started this subject5/22/2001 6:51:48 AM
From: tony schwarz  Read Replies (1) of 1113
 
(COMTEX) B: Spatializer Audio Laboratories Inc. Appoints Sol Friedman
B: Spatializer Audio Laboratories Inc. Appoints Sol Friedman Chief Technology
Officer New CTO Aims to Broaden Technology Reach and Accelerate R&D

SANTA CLARA, Calif., May 22, 2001 /PRNewswire via COMTEX/ -- Spatializer Audio
Laboratories Inc. (OTC Bulletin Board: SPAZ) today announced the appointment of
Sol Friedman as the company's new chief technology officer. Friedman comes to
Spatializer with over twelve years experience in positional and digital audio.
Most recently, Sol Friedman was at PMC-Sierra where he served on the group
senior DSP staff for PMC-Sierra's voice over IP Group.

(Photo: newscom.com

newscom.com )

While at PMC-Sierra, Friedman directed programming and design of algorithms for
VoIP and VoATM applications and organized and managed testing of VoIP firmware
modules. Prior to PMC-Sierra, he has held various management and engineering
positions at leading edge DSP companies in the Silicon Valley, including C-Cube
Microsystems, Medianix, Creative Labs and VM Labs. In addition to audio
technology development, Friedman has extensive firmware engineering experience
on Texas Instruments, C-Cube and Analog Devices platforms, among others.
Friedman earned a BS in engineering physics from Cornell University and an M.S.
in physics from the University of California at Santa Cruz.

Friedman says that positional audio is a passion for him since he first
experimented in high school with multi-speaker audio displays and binaural
recording. "I've always been impressed with Spatializer's technology," Friedman
says. "At Medianix Semiconductor, I worked on developing new audio technologies
such as mono-to-stereo conversion algorithms and headphone sound field
expansion, as well as porting Spatializer's N-2-2(TM) technology to Medianix's
chip. I oversaw the implementation of Spatializer N-2-2 onto the Ziva 3(TM) DVD
decoder chip at C-Cube. I again translated N-2-2 into assembly at VM Labs while
developing new Karaoke algorithms -- this time for the NUON(TM) processor. At
PMC-Sierra, I developed and implemented algorithms for Voice Over IP
applications."

Spatializer Chairman and CEO Henry R. Mandell says that he welcomes Friedman's
technical and managerial contributions. "We're pleased to be able to attract
someone of Sol's talent and caliber to take charge of our research and
development program. Sol, no doubt, is one of the top audio engineers in Silicon
Valley and has a great appreciation for our technology from his years working on
the licensee side. His passion and his technical acumen will further refine our
technology roadmap as we drive forward to exploit emerging technological and
market opportunities."

"This is a very exciting time to join Spatializer," says Friedman. "The number
of companies evaluating our technology for their platforms is staggering. My
mission is to broaden our technological reach and to accelerate our research and
development efforts. I'm excited to have a hand in moving this company into some
hot new areas, including audio enhancement for automobiles and for cell phones.
We're determined to become the leading digital audio purveyor to the MP3 and
home theater markets as well ... as we already are within the DVD sector."

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, Zenith and Proton, in PC multimedia systems and peripherals from
Apple and Labtec, in silicon from Matsushita, Texas Instruments, New Japan Radio
Corporation, Zoran, Motorola, C-Cube, Tvia, VM Labs, LinkUp 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 from the company's web site, www.spatializer.com, 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.

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 and Mr. Friedman in this press release 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.

NOTE: Desper Products Inc. is a wholly owned subsidiary of Spatializer Audio
Laboratories Inc. Spatializer(R) is a registered trademark and Spatializer N-2-2
is a trademark of Desper Products Inc. All other trademarks are the property of
their respective owners.


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SOURCE Spatializer Audio Laboratories Inc.
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