Parametric Sound Teams With Ingram Micro to Expand Distribution of HyperSound(TM)
Technology in U.S.
New Agreement Accelerates Presence in Digital Signage Market
SAN DIEGO, CA, Nov 28, 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 distribution agreement with Ingram
Micro, Inc., the world's largest technology distributor. Under the terms of the
agreement, Ingram Micro will distribute Parametric's HyperSound audio products in
the U.S. The relationship will be managed by Ingram Micro's ProAV / Digital
Signage Business Unit, offering the company specialized partner support and
business enablement resources, as well as access to a dedicated team of seasoned
marketing, sales, business development and technology professionals.
"This agreement strengthens our sales and distribution infrastructure and we
expect it to increase the pace of our expansion into the digital signage market,"
said Ken Potashner, executive chairman of Parametric Sound. "We look forward to
leveraging Ingram Micro's broad range of sales resources and market expertise."
"The demand for directed audio solutions within the digital signage market is
significant," said Kevin Prewett, senior director of Ingram Micro's ProAV /
Digital Signage Business Unit in the U.S. "The addition of HyperSound audio
products extends our ProAV and digital signage solutions portfolio and brings
forward another solution targeted for select vertical markets where technology is
being used to deliver a better experience to the consumer."
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 Ingram Micro Ingram Micro is the world's largest wholesale technology
distributor and a global leader in IT supply-chain, mobile device lifecycle
services and logistics solutions. As a vital link in the technology value chain,
Ingram Micro creates sales and profitability opportunities for vendors and
resellers through unique marketing programs, outsourced logistics and mobile
solutions, technical support, financial services and product aggregation and
distribution. The company is the only global broad-based IT distributor, serving
145 countries on six continents with the world's most comprehensive portfolio of
IT products and services. Visit ingrammicro.com.
Trademark Information: HSS(R) is registered trademark of, and HyperSound is a
tradename of, Parametric Sound Corporation (PAMT).
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 (for Parametric Sound)
888-HSS-2150 Ext 509
Email Contact
or
INVESTOR RELATIONS CONTACT:
Dave Mossberg (for Parametric Sound)
Three Part Advisors, LLC
817 310-0051
Marie Rourke
WhiteFox Marketing (for Ingram Micro, Inc.)
714-292-2199
Email Contact |
