Parametric Sound and Four Winds Interactive Announce Strategic Partnership
Several Markets for HyperSound(TM) Audio Solutions Identified
SAN DIEGO, CA, Oct 22, 2012 (MARKETWIRE via COMTEX) -- Parametric Sound
Corporation (PAMT), a leading innovator of audio products and solutions, today
announced that it has entered into a strategic relationship with Four Winds
Interactive (FWi) for distribution of its HyperSound directed audio products.
FWi, a leading provider of digital communications software, will now offer
Parametric's audio products as a complement to their existing solutions. FWi will
provide a seamless transition from sales to post-sales support for their clients
and prospects that are interested in Parametric's audio products.
"Parametric Sound's patented audio solutions are well-suited to companies looking
for an upgrade from digital signs that contain video-only to installations that
combine signage with superior audio capabilities," said Dan Verbsky, Director of
Field Services, Four Winds Interactive. "This arrangement will augment and
complement our product portfolio and we look forward to working with Parametric."
"We expect this partnership with an industry leader like FWi to help accelerate
the adoption of our HyperSound technology in the digital signage sector," said
Kenneth F. Potashner, executive chairman of Parametric Sound. "We have
demonstrated forward momentum on our distribution and sales strategy and continue
to see progress on our licensing discussions currently underway."
Recognized as #16 on the Forbes 2011 list of America's Most Promising Companies,
FWi provides a software platform for developing, deploying and managing digital
communications networks on digital signs, interactive kiosks, web and mobile
devices. The FWi solution makes it possible to quickly and easily create dynamic
messages to inform, educate and motivate audiences through a single solution that
supports a wide variety of digital communications applications. Digital signage
markets serviced by FWi include casinos, hotels, convention centers, restaurants,
hospitals, stadiums and public spaces, educational institutions, and many more.
About Parametric Sound Corporation Parametric Sound Corporation is a 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 is targeting its technology
for new uses in consumer markets including computers, video gaming, televisions,
home audio, health care and mobile devices. For more information, visit
parametricsound.com.
About Four Winds Interactive The Four Winds Interactive digital communications
solution is the ideal solution for any organization's visual communication needs.
Digital signage communicates with your audience through applications like
wayfinding, event details, employee communications, metrics reporting, building
directories, menu boards, emergency messaging, travel information and
advertising. For more information, visit fourwindsinteractive.com.
Trademark Information: HSS(R) is registered trademark of, and HyperSound is a
tradename of, Parametric Sound. All other trade names used herein are either
trademarks or registered trademarks of the respective holders.
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 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 expectations are based upon
reasonable assumptions, there can be no assurances that goals and strategy will
be realized. Numerous factors, including risks and uncertainties, may affect
actual results and may cause results to differ materially from those expressed in
forward-looking statements made by the Company or on its 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 the Company's Annual Report on Form 10-K and other
periodic reports filed with the SEC. The Company specifically disclaims any
obligation to update or revise any forward-looking statement whether as a result
of new information, future developments or otherwise.
CONTACT:
Tracy Neumann
888-HSS-2150 Ext 509
Email Contact
INVESTOR RELATIONS CONTACT:
Dave Mossberg
Three Part Advisors, LLC
817 310-0051 |
