Parametric Sound Appoints Recognized IP Expert to Board of Directors
HENDERSON, NV, Feb 17, 2012 (MARKETWIRE via COMTEX) -- Parametric Sound
Corporation (PAMT), a leading innovator of directed audio products and solutions,
today announced it has appointed Dr. Andrew Wolfe as an independent member of its
Board of Directors. Dr. Wolfe is a recognized consultant on IP matters with
substantial licensing and IP protection experience.
"Andrew possesses important IP knowledge and experience as well as Global 500
contacts to assist us in licensing and protecting our leading audio technology,"
said Elwood G. Norris, founder, President and CEO of Parametric Sound. "He has
built many valuable relationships from his work for leading edge technology
companies including Motorola, ACER and AMD and has a keen understanding of
leveraging new IP." Dr. Wolfe was also appointed to the audit committee.
"The HSS directed sound technology is an extraordinary experience. It takes
multimedia to a completely new level," said Wolfe. "I am excited to contribute my
experience and expertise to growing Parametric Sound's audio innovations."
Additional biographical information follows:
Andrew Wolfe, Ph.D. founded Wolfe Consulting in 2002 and serves as a technology
and intellectual property consultant in the consumer electronics, computer, and
semiconductor industries. He works with Global 500 corporations and technology
startups in developing product strategy, new product technology, and intellectual
property strategy. He also testifies and serves as a consulting expert for
intellectual property (IP) and other technology-related litigation matters.
Dr. Wolfe was Chief Technology Officer for SONICblue, Inc. (formerly S3, Inc.)
from 1999 to 2002 and also served as Senior Vice President of Business
Development from 2001-2002. He served as a Consulting Professor at Stanford
University from 1999 to 2002 and an Assistant Professor at Princeton University
from 1991 to 1997 and has been the recipient of numerous industry awards. Dr.
Wolfe has received ten patents, has been published in over twelve journals, and
has presented over 40 conference papers.
Dr. Wolfe is an expert on microprocessor design and media processing. He has
managed the design of graphics processors and integrated graphics chipsets
including the first high-performance 3D mobile graphics chip. He has personally
designed several high-performance research computers and participated in the
design of several video and media processors. He has served as a director for
several private companies and as an advisory board member for many others in the
digital content, wireless networking, media processor, and consumer electronics
spaces.
Dr. Wolfe obtained a B.S.E.E. in Electrical Engineering and Computer Science from
The John Hopkins University in 1985, a M.S. in Electrical and Computer
Engineering in 1987 and a Ph.D. in Computer Engineering in 1992 both from
Carnegie Mellon University.
About Parametric Sound Corporation Parametric Sound Corporation's pioneering
HyperSound technology employs a tightly focused beam of sound to target specific
audiences without the ambient noise of traditional speakers. The Company owns a
substantial body of intellectual property. Recent innovations enhance stereo
output to produce a robust 3D audio image from just two ultra-thin speakers
opening opportunities for consumer markets. For more information about the
Company and its products, please visit: parametricsound.com.
Cautionary note on forward-looking statements This press release includes
forward-looking information and statements. Except for historical information
contained in this release, statements in this release may constitute
forward-looking statements regarding our assumptions, projections, expectations,
targets, intentions or beliefs about future events that are based on management's
belief, as well as assumptions made by, and information currently available to,
management. While we believe that our expectations are based upon reasonable
assumptions, there can be no assurances that our goals and strategy will be
realized. Numerous factors, including risks and uncertainties, may affect our
actual results and may cause results to differ materially from those expressed in
forward-looking statements made by us or on our behalf. Some of these factors
include the acceptance of existing and future products, the impact of competitive
products and pricing, general business and economic conditions, and other factors
detailed in our Annual Report on Form 10-K and other periodic reports filed with
the SEC. We specifically disclaim any obligation to update or revise any
forward-looking statement whether as a result of new information, future
developments or otherwise.
CONTACT:
Jim Barnes
CFO
888-HSS-2150 Ext 3 |
