Audio Processing Technology said it has extended its relationship with South Korean firm Open Solution Ltd. It signed an additional exclusive licensing agreement for its Enhanced 16-, 20- and 24-bit algorithms for wireless semiconductor applications.
The organizations signed the original deal last year. Open Solution is a semiconductor company specializing in wireless 2.4 GHz wireless audio technology for the consumer electronics market.
APT, which is also a supplier of codecs to the broadcast marketplace, called the extension a "major achievement ... one that is likely to generate healthy royalty revenue when production of consumer electronics products incorporating the chips begins."