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CS II and TruSurround XT Advance State-of-the-Art for Multichannel Audio Playback on the PC |
| SANTA ANA, Calif., July 18, 2002 – SRS Labs, Inc. (NASDAQ: SRSL), a
leading provider of innovative audio, voice and ASIC technology solutions, today announced
that it has licensed its Circle Surround II ™ (CS II) and TruSurround XT ™ audio
technologies to Orion Studios, a multimedia software development company, for the latest
version of their software DVD player, DirectDVD. DirectDVD is the first software product
for the PC to feature SRS Labs’ advanced multichannel audio decoding technology, CS
II, which creates up to 6.1 channels of high quality surround sound from mono, typical
stereo sources (such as MP3 files), and other matrix surround encoded material. The player
also includes SRS Labs’ patented TruSurround XT virtual surround sound technology
featuring a headphone option. SRS Labs will receive a per-unit license for Orion software
products shipped with SRS Labs’ audio technologies. Orion anticipates releasing the
new DirectDVD software player by the end of this month. The new DirectDVD software DVD player marks the debut of CS II for computers. PC users with multichannel sound cards will enjoy true, high quality, multichannel playback of their most popular media such as MP3 music files and movies. CS II also includes the patented SRS technologies Dialog Clarity ™ and TruBass ® , which provide consumers the ability to optimize audio playback of any content over any speaker system. For PC users with typical stereo playback systems, TruSurround XT provides the finest two-speaker virtual surround sound experience from the 5.1 multichannel audio soundtracks on DVDs. Orion also chose to include the TruSurround XT headphone function due to its superior and realistic performance. TruSurround is the established standard for virtual surround sound in hardware DVD players. "The new DirectDVD software DVD player is the perfect product for any audio/video enthusiast who watches movies or listens to audio through their PC," said Jennifer Drescher, vice president of marketing for SRS Labs, Inc. "Whether you have two speakers, four speakers, headphones, or a full 5.1 speaker system, CS II and TruSurround XT provide the best possible audio experience for all your media requirements. It’s true home theater on a PC." DirectDVD 4.47 brings the latest in video and audio innovation to a greater range of consumers using PCs to play DVDs. With enhancements to video overlays, CS II multichannel audio decoding, and TruSurround XT virtual surround sound, DirectDVD 4.47 enables consumers to have a compelling, home theater experience from their DVDs on the PC. Tim Barker, director of business development for Orion Studios said, "The incorporation of SRS Labs’ technology into DirectDVD 4.47 sets new audio performance standards for PC DVD users. The combination of CS II, TruBass and Dialog Clarity make PC DVD playback with DirectDVD 4.47 an experience that is truly unmatched in the industry." About Circle Surround II Circle Surround II is the most powerful and advanced matrix surround decoder available on the market today. It delivers up to 6.1 channels of full-bandwidth audio with incredible rear surround separation from mono, stereo, Dolby Surround and Circle Surround encoded material. This backward compatibility provides a thrilling cinema-like audio experience from any audio content — MP3 files, CDs, games, VHS movies or television programming. Two advanced audio features from SRS Labs that further make CS II the compelling choice for matrix surround decoding are SRS Dialog Clarity and TruBass. SRS Dialog Clarity enables the listener to more easily and clearly discern actors’ dialog from the rest of the soundtrack. TruBass technology creates the sensation of deep, rich bass over the front channels and subwoofer through monitoring the original program for low frequency audio. To hear an online demonstration of CS II, visit http://www.srslabs.com/demonstrations.asp#CS2 About TruSurround XT TruSurround XT from SRS is the most advanced technology for delivering virtual surround sound over standard, two-speakerplayback systems. It is based upon its namesake, the patented TruSurround technology, which is the established standard for virtual surround sound. While solving the problem of 5.1 multi-channel audio playback (from sources such as DVD, digital satellite, etc.) over two speakers or headphones, TruSurround XT also provides the unique SRS features of Dialog Clarity, WOW™ and TruBass. TruSurround has been featured in over 10 million consumer hardware products globally including products made by Aiwa, Emerson, Funai, Hughes Network Systems, Mitsubishi, Marantz, Philips, Pioneer, Sony, Sylvania, Thomson/RCA, Toshiba, and Yamaha. This technology is applicable to DVD players, televisions, set top boxes, video game consoles and A/V surround sound receivers. To hear an online demonstration of TruSurround, visit http://www.srslabs.com/demonstrations.asp#TSXT About Orion Studios Founded in 1999, Orion Studios is a developer of multimedia software products for the PC with four software titles released to date. Orion Studios develops software in the MP3 DVD genres and has established a reputation of innovating and setting new standards for the market. For more information on Orion Studios go to http://www.orionstudios.com About SRS Labs, Inc. SRS Labs, Inc. (www.srslabs.com) and its subsidiaries provide advanced technology solutions for high growth consumer markets, including home theater, DVD, portable audio, wireless devices, game consoles, automotive, broadcast, Internet and personal computer software. SRS Labs, the parent company, develops the core audio and voice technologies and licenses these patented technologies to over 200 well-known manufacturers and semiconductor companies, including Sony, RCA, Philips, Kenwood, Mitsubishi, Hitachi, Microsoft, and Pioneer. ValenceTech, Ltd., (www.valencetech.com) SRS Labs’ Hong Kong-based subsidiary, is a leading fabless application specific integrated circuit (ASIC) design and manufacturing company providing analog and digital ASIC solutions to the world’s leading manufacturers of consumer electronics, gaming, telecommunications and computer products. SRS Labs’ subsidiary, SRSWOWcast Technologies, (www.srstechnologies.com) focuses on the Internet and broadcast markets by developing and licensing customized hardware and software products incorporating SRS Labs’ patented technologies. The information on the above-referenced websites is not incorporated by reference into this press release. Except for historical information contained in this release, statements in this release, including those of Ms. Drescher in paragraph four are forward-looking statements and projections (which include statements concerning plans and objectives of management for future operations) 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 general market conditions concerning semiconductor business, SRS Labs’ ability to implement its technologies in other Matsushita or Panasonic products, the impact of competitive products and pricing, the timely development and release of technologies by the Company, general business and economic conditions, especially in Asia, and other factors detailed in the Company's Form 10-K and other periodic reports filed with the SEC. SRS Labs specifically disclaims any obligation to update or revise any forward-looking statement whether as a result of new information, future developments or otherwise. # # # Investor Contact: Media Contact: |
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