Las Vegas, NV - January 7, 2010 – Global audio technology leader DTS, Inc. (NASDAQ: DTSI) announced today at CES that DTS Envelo Speaker™ and DTS Envelo Headphone™ technologies are now available in Neofidelity’s IC solutions for docking station products. DTS Envelo technology offers owners of portable audio devices (such as iPod and iPhone) a boost in sound quality and surround sound effects with input audio sources ranging from mono, stereo, to 5.1 multi-channel. With DTS Envelo featured docking stations, compressed audio can be transformed with clearly defined vocals and crisp high and low frequencies that create an immersive surround experience for consumers.
“DTS is passionate about providing top-notch audio to consumers,” says David Tan, Vice President, Product Management, DTS, Inc. “More people use and enjoy portable audio devices than any other technology out there. We are thrilled to provide this vast market with a superior audio experience.”
NeoFidelity, the worldwide leading supplier of full-digital audio amplifier IC’s for the FPTV (Flat Panel TV) market, is now ready to provide the NMP-5000 series IC solution, a highly optimized digital audio amplifier with DTS Envelo Speaker and DTS Envelo Headphone technologies. With the introduction of the NMP-5000 series ICs, NeoFidelity’s primary target is the iPod docking station market even though they can still be applied to a variety of other consumer audio/video products.
“We believe that there are tremendous opportunities in the iPod docking station market as it is one of the fastest growing product segments every year,” says Ducksoo Lee, CEO of NeoFidelity. “NeoFidelity will preoccupy this market with its NMP-5000 series, the world’s first digital audio amplifier IC platform including DTS Envelo Speaker and DTS Envelo Headphone technologies.”
To experience DTS technologies in person, visit the DTS Booth (# 20907) during regular CES hours, located in the South Hall.
About DTS
DTS, Inc. (NASDAQ: DTSI) is a digital technology company dedicated to delivering the ultimate entertainment experience. DTS decoders are in virtually every major brand of multi-channel surround processor, and there are hundreds of millions of DTS-licensed consumer electronics products available worldwide. A pioneer in multi-channel audio, DTS technology is in home theatre, car audio, PC and game console products, as well as DVD-Video, Blu-ray Disc and surround music software. 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 and the Symbol are registered trademarks and DTS Envelo, DTS Envelo Speaker, and DTS Envelo Headphone are trademarks of DTS, Inc. All other trademarks are the properties of their respective owners.
About NeoFidelity, Inc
NeoFidelity, Inc. (KOSDAQ, 101400) is the No. 1 full-digital audio amplifier IC supplier in the FPTV market. The company is now expanding its product portfolio to various applications such as iPod docking station and mobile/portable systems. The corporate headquarters are located in Seoul, Korea and has its overseas offices in China and Japan. For further information, please visit www.neofidelity.com or send e-mails to sales@neofidelity.com.
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 our 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.
For more press inquiries please contact:
Dave Blasucci
Director of Marketing Communications
DTS
David.blasucci@dts.com
(818) 827-2279
John Pollono
Public Relations
DTS
John.Pollono@dts.com
(310) 729-3351
© 2010, DTS, Inc. All rights reserved.