Toshiba to Feature Spatializer's Premier N-2-2 Virtual Surround Sound Software
On the NUON Interactive Home Entertainment Platform Product Launch
WOODLAND HILLS, Calif., Aug. 16 /PRNewswire/ -- Spatializer Audio
Laboratories Inc. (OTC Bulletin Board: SPAZ) announced today that Toshiba
Corporation has included Spatializer N-2-2 virtual surround sound software in
its SD2300 DVD player, the first from Toshiba utilizing the powerful
interactive capabilities of the NUON processor developed by VM Labs, Inc. The
Toshiba SD2300 DVD player is planned to commence shipping in the third quarter
of 2000.
"It is very exciting for us to have our premier surround sound software be
recognized once again as the best in the market. We feel that it is truly an
honor to be a part of the launch of this new technology which offers an
unparalleled DVD experience," said Henry R. Mandell, Chairman and Chief
Executive Officer of Spatializer Audio Laboratories, Inc. "Although we have
been an important feature in Toshiba's DVD player line-up for the last two
years, our inclusion in their new product launch reaffirms Spatializer's
technologies as the standard in digital audio enhancement. Equally exciting
for us is the opportunity to showcase our software technology in devices with
the interactive and gaming capability such as this NUON-based device."
"We are most enthusiastic about the launch of our new Toshiba SD2300 DVD
player. The NUON technology combined with the unsurpassed performance of
Toshiba's video and audio capabilities will make for a compelling family
entertainment experience, whether it be viewing DVD, listening to music or
playing state-of-the-art video games. We are pleased that Spatializer N-2-2
is once again an important part of the audio package, as we believe that it
adds significant value to our complete range of DVD players and to our
customer's overall entertainment experience," said Terou Kiriyama, Senior
Manager, DVD Department, Digital Media Network Company of Toshiba Corporation.
Headquartered in Tokyo, Toshiba Corporation is a leader in information and
communications systems, electronics components, consumer products and power
systems. Among its achievements include the largest share of the world
portable PC market. Toshiba's World Wide Web site is located at
http://www.toshiba.co.jp/.
Spatializer Audio Laboratories, Inc. is a leading developer, licensor and
marketer of next-generation technologies and software for the consumer
electronics, computing and entertainment industries. The company's advanced
digital audio technology is incorporated into consumer electronics audio,
video and DVD products from global brand leaders including Toshiba, JVC,
Panasonic, Hitachi, Samsung, Acer, Sharp, Sanyo, LG, Emerson, Zenith and
Proton, in PC multimedia systems and peripherals from Apple, Dell, Gateway,
Hewlett Packard, Sony, Fujitsu, Seiko-Epson, NEC, Micron and Labtec, in
silicon from Matsushita, New Japan Radio Corporation, ESS, Zoran, Motorola,
C-Cube, OnChip Systems, and Acer Laboratories Inc, and in software compatible
with softMP3 players such as WinAmp and XingMP3, and in leading DSP and Wintel
platforms.
Spatializer stock is traded on the OTC Bulletin Board under the symbol:
SPAZ. The company is headquartered in Woodlands Hills, CA., and has
marketing, engineering and R&D facilities in Santa Clara, CA, and Tokyo,
Japan. Further information may be obtained from Spatializer's SEC filings, by
contacting the Company's Investor Relations Department toll-free at
888-825-0743. For Media inquiries please contact Marken Communications at
408-986-0100.
Safe Harbor Act Statement Under the Private Securities Litigation Reform
Act of 1995: Certain information in this news release, including the comments
by Mr. Mandell in paragraph two are forward looking statements 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 financial goals
will be realized. Numerous uncertainties and risk factors 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.
These uncertainties and risk factors include, but are not limited to the
continued need for additional capital, dependence on new technology and
intellectual property, dependence on the PC and consumer electronics
industries, dependence on product shipments of third-party licensees,
competition and pricing pressures, and other risks detailed from time to time
in the Company's periodic reports filed with the Securities and Exchange
Commission.
Notices: Spatializer is a registered trademark and Spatializer N-2-2(TM)
is a trademark of Desper Products, Inc. Desper Products, Inc. is a wholly
owned subsidiary of Spatializer Audio Laboratories, Inc. NUON(TM) is a
trademark of VM Labs, Inc.
SOURCE Spatializer Audio Laboratories Inc.
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Related links:
http://www.spatializer.com
CONTACT:
Investor Relations, David Castaneda of
Spatializer Audio Laboratories Inc., 888-825-0743,
spaz@mdcgroup.com; or Media Relations, Andy Marken of Marken
Communications, 408-986-0100, Andy@MarkenCom.com, for Spatializer
Audio Laboratories Inc.
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