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

Parametric Sound andEpsilon Electronics SignLicense Agreement forHypersound(TM)Technology

POWAY, CA -- (Marketwire) -- 07/23/12 --Parametric SoundCorporation (NASDAQ: PAMT), a leading innovator of directed audioproducts and solutions, today announced a License Agreement with EpsilonElectronics for the development and introduction of consumer productsemploying the Companys patented HyperSound technology. Thearrangement is non-exclusive except for after-market automobile productsfor which Epsilon retains two-year exclusivity rights subject to certainconditions.The license contemplates a six-month development term to createprototypes thereafter followed by a three-year manufacturing term."This agreement underscores our commitment to executing strategiclicensing deals to deploy our HyperSound technology," said Kenneth F.Potashner, executive chairman of Parametric Sound. "These partnershipswill open the door for the integration of our patented audio solutions intonext-generation consumer products.""We are excited about the opportunity to launch products that offerconsumers a rich, immersive sound experience," said Jack Rochel,president of Epsilon Electronics. "Partnering with a technology innovatorlike Parametric is a key element of our strategy, and we anticipate thisagreement will bring value to our company and the products we offer."

Cautionary note on forward-looking statementsThis press release includes forward-looking information and statements.Except for historical information contained in this release, statements in thisrelease, including those by Mr. Potashner, may constitute forward-lookingstatements regarding our assumptions, projections, expectations, targets,intentions or beliefs about future events that are based on managementsbelief, as well as assumptions made by, and information currently availableto, management. While the Company believes that its expectations are basedupon reasonable assumptions, there can be no assurances that theCompanys goals and strategy will be realized. Numerous factors, includingrisks and uncertainties, may affect the Companys actual results and maycause results to differ materially from those expressed in forward-lookingstatements made by or on behalf of the Company. Some of these factorsinclude the acceptance of new Parametric Sound products and technologies,the impact of competitive products and pricing, the timely development andrelease of products by the Company, general business and economicconditions, and other factors detailed in the Companys Annual Report onForm 10-K and other periodic reports filed with the SEC. Parametric SoundCorporation specifically disclaims any obligation to update or revise anyforward-looking statement whether as a result of new information, futuredevelopments or otherwise.

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

by Jacalyn Walton on Aug 06, 2012

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Epsilon Management Capital, Parametric Sound and Epsilon Electronics Sign License Agreement for Hypersound(TM) Technology Presentation Transcript