Parametric Sound and EpsilonElectronics Sign License Agreement for Hypersound(TM) Technology
POWAY, CA -- (Marketwire) -- 07/23/12 --Parametric SoundCorporation (NASDAQ: PAMT), a leading innovator ofdirected audio p...
The license contemplates a six-month development termto create prototypes thereafter followed by a three-yearmanufacturing...
"We are excited about the opportunity to launchproducts that offer consumers a rich, immersivesound experience," said Jack...
About Parametric Sound CorporationParametric Sound Corporation is a pioneering innovator ofdirected audio solutions. With ...
About Epsilon Electronics CorporationEpsilon Electronics, Inc. manufactures and markets audio and videosystems for automob...
Cautionary note on forward-looking statementsThis press release includes forward-looking information andstatements. Except...
While the Company believes that its expectationsare based upon reasonable assumptions, there canbe no assurances that the ...
Some of these factors include the acceptance of newParametric Sound products and technologies, the impact ofcompetitive pr...
MEDIA CONTACT:Tracy Neumann888-HSS-2150 Ext 9Email ContactorINVESTOR RELATIONS CONTACT:Dave MossbergThree Part Advisors, L...
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Parametric Sound and Epsilon Electronics Sign License Agreement for Hypersound(TM) Technology

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OWAY, CA -- (Marketwire) -- 07/23/12 -- Parametric Sound Corporation (NASDAQ: PAMT), a leading innovator of directed audio products and solutions, today announced a License Agreement with Epsilon Electronics for the development and introduction of consumer products employing the Company's patented HyperSound technology. The arrangement is non-exclusive except for after-market automobile products for which Epsilon retains two-year exclusivity rights subject to certain conditions.

The license contemplates a six-month development term to create prototypes thereafter followed by a three-year manufacturing term.
"This agreement underscores our commitment to executing strategic licensing deals to deploy our HyperSound technology," said Kenneth F. Potashner, executive chairman of Parametric Sound. "These partnerships will open the door for the integration of our patented audio solutions into next-generation consumer products."
"We are excited about the opportunity to launch products that offer consumers a rich, immersive sound experience," said Jack Rochel, president of Epsilon Electronics. "Partnering with a technology innovator like Parametric is a key element of our strategy, and we anticipate this agreement will bring value to our company and the products we offer."

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Parametric Sound and Epsilon Electronics Sign License Agreement for Hypersound(TM) Technology

  1. 1. Parametric Sound and EpsilonElectronics Sign License Agreement for Hypersound(TM) Technology
  2. 2. POWAY, CA -- (Marketwire) -- 07/23/12 --Parametric SoundCorporation (NASDAQ: PAMT), a leading innovator ofdirected audio products and solutions, today announced aLicense Agreement with Epsilon Electronics for thedevelopment and introduction of consumer productsemploying the Companys patented HyperSound technology.The arrangement is non-exclusive except for after-marketautomobile products for which Epsilon retains two-yearexclusivity rights subject to certain conditions.
  3. 3. The license contemplates a six-month development termto create prototypes thereafter followed by a three-yearmanufacturing term."This agreement underscores our commitment toexecuting strategic licensing deals to deploy ourHyperSound technology," said Kenneth F.Potashner, executive chairman of Parametric Sound."These partnerships will open the door for the integrationof our patented audio solutions into next-generationconsumer products."
  4. 4. "We are excited about the opportunity to launchproducts that offer consumers a rich, immersivesound experience," said Jack Rochel, president ofEpsilon Electronics. "Partnering with a technologyinnovator like Parametric is a key element of ourstrategy, and we anticipate this agreement will bringvalue to our company and the products we offer."
  5. 5. About Parametric Sound CorporationParametric Sound Corporation is a pioneering innovator ofdirected audio solutions. With a substantial body ofintellectual property, Parametric Sound is the foremostauthority in the application of acoustic technology to beamsound to target a specific listening area without the ambientnoise of traditional speakers. Recent innovations produce adistinctive 3D audio image from just two speakers openingopportunities for 3D sound solutions for computers andentertainment. For more information,visitwww.parametricsound.com.
  6. 6. About Epsilon Electronics CorporationEpsilon Electronics, Inc. manufactures and markets audio and videosystems for automobiles through its subsidiaries. Its subsidiaries includeFarenheit Technologies, Soundstream Technologies and Power AcoustikElectronics. The company offers DVD (Digital Video Disc) players,Bluetooth systems, ceiling mount monitors, MultiProcessor InterruptController (MPIC), and video accessories. It markets its products underFarenheit, Soundstream Technologies and Power Acoustik brand names.Epsilon Electronics, Inc. was founded in 1981 and is based inMontebello, California.
  7. 7. Cautionary note on forward-looking statementsThis press release includes forward-looking information andstatements. Except for historical information contained inthis release, statements in this release, including those byMr. Potashner, may constitute forward-looking statementsregarding our assumptions, projections, expectations,targets, intentions or beliefs about future events that arebased on managements belief, as well as assumptions madeby, and information currently available to, management.
  8. 8. While the Company believes that its expectationsare based upon reasonable assumptions, there canbe no assurances that the Companys goals andstrategy will be realized. Numerousfactors, including risks and uncertainties, may affectthe Companys actual results and may cause resultsto differ materially from those expressed inforward-looking statements made by or on behalfof the Company.
  9. 9. Some of these factors include the acceptance of newParametric Sound products and technologies, the impact ofcompetitive products and pricing, the timely developmentand release of products by the Company, general businessand economic conditions, and other factors detailed in theCompanys Annual Report on Form 10-K and other periodicreports filed with the SEC. Parametric Sound Corporationspecifically disclaims any obligation to update or revise anyforward-looking statement whether as a result of newinformation, future developments or otherwise.
  10. 10. MEDIA CONTACT:Tracy Neumann888-HSS-2150 Ext 9Email ContactorINVESTOR RELATIONS CONTACT:Dave MossbergThree Part Advisors, LLC817-310-0051
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