Phitek’s in the money

November 16, 2005

Phitek Systems has successfully completed raising $6 million in capital through TMT Ventures. The audio technology company will use the new capital to support global expansion and new product development.

Phitek is known for its anti-noise Active Noise Rejection headphones, which create an inverted copy of ambient noise to cancel unwanted sound.

Phitek has also opened new sales offices in Taiwan and Japan, and has also diversified its technology into other product offerings including integrated circuits, turnkey products, FM transmitters and wireless devices.

For more information, visit www.phitek.com.

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