CALABASAS, CA, JULY 7, 2010 ─ DTS, Inc. (NASDAQ: DTSI), a digital technology company dedicated to delivering the ultimate entertainment experience, is pleased to announce the promotion of Brian Towne to Executive Vice President and Chief Operating Officer.
In his new role, Towne will focus on further strengthening the company’s organization and team capabilities by refining its strategy and go-to-market execution. He will also be engaging with key strategic partners and stakeholders inside and outside the company.
“Under Brian’s leadership over the past seven years, we have enjoyed tremendous growth, adapted to significant change and evolution in our business, and realized significant success,” says Jon Kirchner, Chairman and CEO of DTS, Inc. “This promotion recognizes Brian’s important leadership contribution and his tireless efforts toward realizing these outcomes.”
Towne, who previously held the position of Executive Vice President and General Manager at DTS, will continue to oversee all licensing, marketing and product management efforts on a day-to-day basis at DTS.
“Since I began at DTS, I have witnessed first-hand this company’s commitment to bringing its customers best-in-class audio technology,” says Towne. “DTS has evolved so much in the last few years, entering new markets and expanding our presence in the digital technology landscape. I am honored to take on this new role and plan to help the company as we continue our rapid growth.”
Towne first came to DTS in 2003 as the company’s Senior Vice-President, Consumer / Pro Audio Division and soon after moved into his role as Senior Vice President and General Manager, Consumer Division before taking on his position as Executive Vice President and General Manager in 2009. Prior to his time at DTS, Towne has served as Director of Product Management at Kenwood USA Corporation and has also held various research and development and marketing positions at Pioneer Electronics (USA) Inc. and served as an Electronics Specialist in the United States Marine Corps.
About DTS, INC.
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 processors, 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 gaming console products, as well as DVD players, televisions, digital media players, set-top boxes and surround music software. In addition, DTS is a mandatory audio format in the Blu-ray Disc standard, resulting in DTS technology being included in 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 and the DTS Symbol are registered trademarks of DTS, Inc, and NEURAL UPMIX and DTS-HD MASTER AUDIO SUITE are trademarks 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.
SOURCE: DTS, Inc.
For more information contact:
Lauren De Bellis / Nicole Rosen
D. Pagan Communications, Inc.
Tel: 631-659-2309, ext. 13 / ext. 22
E-mail:laurend@dpagan.com /
nicoler@dpagan.com
Web: www.dpagan.com
David Blasucci
Director of Marketing Communications
DTS, Inc.
Tel: 818-436-1080
Web: www.dts.com