Parametric Sound Corporation Files US Patent Application for Emitter Innovation
Expected to Broaden Range of Applications for HyperSound(TM) Technology
SAN DIEGO, CA, Feb 21, 2013 (MARKETWIRE via COMTEX) -- Parametric Sound
Corporation (PAMT), a leading innovator of audio technology and solutions,
announced today that it has filed for patent protection on novel new emitter
technology that it believes will significantly expand the applications for its
directional 3D audio systems.
The Company's audio systems reproduce standard audio content through patented and
patent-pending processing and control electronics that reproduce audio in the air
along an ultrasonic beam. The beam is generated by custom emitters, similar to
speakers in conventional audio systems. The latest innovation offers higher
fidelity performance in a much wider range of form factors.
"While it is not our normal practice to announce patent filings, we believe this
particular filing is especially important to our patent portfolio and will expand
the market opportunities for commercialization of HyperSound technology," said
Ken Potashner, executive chairman. "In addition to performance enhancements and
cost savings our new emitter technology allows easy and rapid deployment by
prospective licensees in diverse consumer and health applications where directed
audio and 3D sound are highly relevant. We are very excited to demonstrate our
latest innovations to potential customers and licensees."
"We are demonstrating emitters as thin as a credit card that can be sized, shaped
and molded to reproduce directional and 3D audio and we can easily and
economically control the width of the beam," said inventor and chief scientist
Elwood Norris. "The frequency response is impressive and the design flexibility
of new form factors offers the promise of new applications for directed audio."
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.
Cautionary note on forward-looking statements This press release includes
forward-looking information and statements. These statements relate to future
events or future financial performance and are subject to risks and
uncertainties. In some cases, you can identify forward-looking statements by
terminology such as "may," "will," "should," "expect," "plan," "anticipate,"
"believe," "feel," "estimate," "predict," "hope," the negative of such terms,
expressions of optimism or other comparable terminology. These statements are
only predictions. Actual events or results may differ materially. While the
Company believes that its expectations are based upon reasonable assumptions,
there can be no assurances that its 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 ability to finalize agreements with major OEMs in its target markets,
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. Except as required by law, 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
tneumann@parametricsound.com
INVESTOR RELATIONS CONTACT:
Dave Mossberg
Three Part Advisors, LLC
(817) 310-0051 |
