DTS, Inc. (Nasdaq: DTSI), the leader in high-definition audio, today
announced a partnership with Panasonic Corporation to integrate DTS
high-performance audio technology into the company’s new plasma VT30,
GT30, G30, ST30 and S30 series, and the LCD DT35, DT30, D35 and E30
series televisions in Europe. This marks the first time Panasonic has
adopted DTS 2.0 + Digital Out™ into its televisions, offering consumers
high-performance audio to compliment Panasonic’s exceptional visual
television-viewing experience. The Panasonic televisions featuring DTS
technology will launch in Europe this Spring.
By incorporating this technology, Panasonic and DTS have teamed up to
offer consumers the finest audio possible, thus raising the viewer’s
entertainment experience to a new level. Further, as many
high-definition movies and music contain DTS audio technology, consumers
can now enjoy the full scope of high-performance entertainment on their
Panasonic televisions.
"Panasonic has a reputation of delivering the very best quality-driven
experiences and solutions to its customers, and we’re thrilled to help
them continue to do just that,” said Brian Towne, executive vice
president and chief operating officer at DTS. "DTS technology has been
integrated into millions of flat-panel televisions worldwide, and
Panasonic’s recent adoption of this technology is a competitive move
that will ensure its customers continue to receive the high-quality
experience they’ve come to expect.”
The integration of DTS 2.0 + Digital Out™ technology into Panasonic
televisions is the latest milestone in the growth of DTS, a company that
is quickly becoming a household name among consumers in the home
entertainment arena. Recognition of DTS’ expansion is evident by the
growing popularity of its DTS-HD Master Audio™ technology in the Blu-ray
Disc™ format, its emergence into the PC space with DTS Premium Suite™,
and an ever-growing presence in network connected and online media
capable devices.
About DTS
DTS, Inc. (Nasdaq: DTSI) is dedicated to making digital entertainment
exciting, engaging and effortless by providing state-of-the-art audio
technology to hundreds of millions of DTS-licensed consumer electronics
products worldwide. From a renowned legacy as a pioneer in multi-channel
audio, DTS became a mandatory audio format in the Blu-ray Disc standard
and is now increasingly deployed in enabling digital delivery of movies
and other forms of digital entertainment on a growing array of
network-connected consumer devices. DTS technology is in home theaters,
car audio systems, PCs, game consoles, DVD players, televisions, digital
media players, set-top boxes, smart phones, surround music software and
every device capable of playing Blu-ray discs. Founded in 1993, DTS'
corporate headquarters are located in Calabasas, California with its
licensing operations headquartered in Limerick, Ireland. DTS also has
offices in Northern California, Washington, Canada, China, France, Hong
Kong, Japan, South Korea, Taiwan and the United Kingdom. For further
information, please visit www.dts.com.
DTS is a registered trademark of DTS, Inc. All other trademarks are the
properties of their respective owners. (c) 2010 DTS, Inc. All rights
reserved.
This press release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995 that
involve risks, uncertainties, assumptions and other factors which, if
they do not materialize or prove correct, could cause DTS' results to
differ materially from historical results or those expressed or implied
by such forward-looking statements. All statements, other than
statements of historical fact, are statements that could be deemed
forward-looking statements, including statements containing the words
"planned," "expects," "believes," "strategy," "opportunity,"
"anticipates" and similar words. These statements may include, among
others, plans, strategies and objectives of management for future
operations; any statements regarding proposed new products, services or
developments; any statements regarding future economic conditions or
financial or operating performance; statements of belief and any
statements of assumptions underlying any of the foregoing. The potential
risks and uncertainties that could cause actual growth and results to
differ materially include, but are not limited to, the transition to the
next generation optical drives and consumer adoption of such technology,
the rapidly changing and competitive nature of the digital audio,
consumer electronics and entertainment markets, the Company's inclusion
in or exclusion from governmental and industry standards, continued
customer acceptance of the Company's technology, products, services and
pricing, risks related to ownership and enforcement of intellectual
property, the continued release and availability of entertainment
content containing DTS audio soundtracks, success of the Company's
research and development efforts, risks related to integrating
acquisitions, greater than expected costs, the departure of key
employees, the current financial crisis and global economic downturn, a
loss of one or more of the Company’s key customers or licensees, changes
in domestic and international market and political conditions, and other
risks and uncertainties more fully described in DTS' public filings with
the Securities and Exchange Commission, available at www.sec.gov.
DTS does not intend to update any forward-looking statement contained in
this press release to reflect events or circumstances arising after the
date hereof.
