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

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Parametric Sound Corporation (NASDAQ: PAMT), a leading innovator of directed audio products and solutions, today announced a License …

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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  • 1. Parametric Sound and EpsilonElectronics Sign License Agreement for Hypersound(TM) Technology
  • 2. POWAY, CA -- (Marketwire) -- 07/23/12 --Parametric SoundCorporation (NASDAQ: PAMT), aleading innovator of directed audio products andsolutions, today announced a Agreement withEpsilon Electronics for the development andintroduction of consumer products employing theCompanys patented HyperSound technology. Thearrangement is non-exclusive except for after-market automobile products for which Epsilonretains two-year exclusivity rights subject tocertain conditions.
  • 3. The license contemplates a six-monthdevelopment term to create prototypes thereafterfollowed by a three-year manufacturing term."This agreement underscores our commitment toexecuting strategic licensing deals to deploy ourHyperSound technology," said Kenneth F.Potashner, executive chairman of ParametricSound. "These partnerships will open the doorfor the integration of our patented audiosolutions into next-generation consumerproducts."
  • 4. "We are excited about the opportunity tolaunch products that offer consumers a rich,immersive sound experience," said JackRochel, president of Epsilon Electronics."Partnering with a technology innovator likeParametric is a key element of our strategy,and we anticipate this agreement will bringvalue to our company and the products weoffer."
  • 5. About Parametric Sound CorporationParametric Sound Corporation is a pioneeringinnovator of directed audio solutions. With asubstantial body of intellectual property,Parametric Sound is the foremost authority inthe application of acoustic technology to beamsound to target a specific listening area withoutthe ambient noise of traditional speakers. Recentinnovations produce a distinctive 3D audioimage from just two speakers openingopportunities for 3D sound solutions forcomputers and entertainment. For moreinformation, visit www.parametricsound.com.
  • 6. About Epsilon Electronics CorporationEpsilon Electronics, Inc. manufactures and marketsaudio and video systems for automobiles through itssubsidiaries. Its subsidiaries include FarenheitTechnologies, Soundstream Technologies and PowerAcoustik Electronics. The company offers DVD(Digital Video Disc) players, Bluetooth systems,ceiling mount monitors, MultiProcessor InterruptController (MPIC), and video accessories. Itmarkets its products under Farenheit, SoundstreamTechnologies and Power Acoustik brand names.Epsilon Electronics, Inc. was founded in 1981 and isbased in Montebello, California.
  • 7. Cautionary note on forward- looking statementsThis press release includes forward-lookinginformation and statements. Except for historicalinformation contained in this release, statements inthis release, including those by Mr. Potashner, mayconstitute forward-looking statements regarding ourassumptions, projections, expectations, targets,intentions or beliefs about future events that are basedon managements belief, as well as assumptions madeby, and information currently available to, management.While the Company believes that its expectations arebased upon reasonable assumptions, there can be noassurances that the Companys goals and strategywill be realized.
  • 8. Numerous factors, including risks anduncertainties, may affect the Companysactual results and may cause results to differmaterially from those expressed in forward-looking statements made by or on behalf ofthe Company.
  • 9. Some of these factors include the acceptance of newParametric Sound products and technologies, theimpact of competitive products and pricing, the timelydevelopment and release of products by the Company,general business and economic conditions, and otherfactors detailed in the Companys Annual Report onForm 10-K and other periodic reports filed with theSEC. Parametric Sound Corporation specificallydisclaims any obligation to update or revise anyforward-looking statement whether as a result of newinformation, future developments or otherwise.

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