Parametric Sound Adds Healthcare to Target Markets for HyperSound(TM)
Innovative Technology Enhances Listening Experience
POWAY, CA, May 07, 2012 (MARKETWIRE via COMTEX) -- Parametric Sound Corporation
(PAMT), a leading innovator of directed audio products and solutions, today
announced that it has identified healthcare as an additional large market segment
for its patented audio technology. HyperSound's ability to provide directional
sound allows listeners the opportunity to completely immerse themselves in sound
without the use of headphones or in-the-ear amplifiers.
"The healthcare market should grow into a strong opportunity for the company's
intellectual property assets and we look forward to launching it through key
strategic partnerships," said Ken Potashner, executive chairman. "We believe
HyperSound delivers a compelling audio experience and foresee wide-spread
adoption of our technology as audio standards are now raised to a new level."
It is estimated that 36 million Americans suffer from hearing loss. The swelling
ranks of fifty- and sixty-something baby boomers are gradually losing some
hearing and in need of mild-to-moderate hearing assistance in some environments.
Today's solutions are limited in that they often provide too much amplification
in the lower frequencies and too little in the needed higher frequencies.
HyperSound technology allows a consumer to experience a richer, more robust
listening experience through the entire range of frequencies.
About Parametric Sound Corporation
A 2010 corporate spin-off created Parametric Sound Corporation, the pioneering
innovator of directed audio solutions. With a substantial body of intellectual
property, Parametric Sound is the foremost authority in the application of
acoustic technology to beam sound to target a specific listening area without the
ambient noise of traditional speakers. The Company recently introduced improved
HSS-3000 product models targeting digital signage, kiosk and related
applications. Recent innovations produce a distinctive 3D audio image from just
two speakers opening opportunities for 3D sound solutions for computers and
entertainment. For more information, 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,
including those by Mr. Potashner, 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
the Company believes that its expectations are based upon reasonable assumptions,
there can be no assurances that the Company's goals and strategy will be
realized. Numerous factors, including risks and uncertainties, 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. Some
of these factors include the acceptance of new Parametric Sound products and
technologies, the impact of competitive products and pricing, the timely
development and release of products by the Company, general business and economic
conditions, and other factors detailed in the Company's Annual Report on Form
10-K and other periodic reports filed with the SEC. Parametric Sound Corporation
specifically disclaims 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
Email Contact
or
INVESTOR RELATIONS CONTACT:
Dave Mossberg
Three Part Advisors, LLC
817 310-0051 |
