DTS® DIGITAL AUDIO TO BE INCLUDED AS OPTIONAL AUDIO CODEC IN RELEASE 2 OF THE OIPF (OPEN IPTV FORUM) STANDARD
Latest Revision Will Give Content Creators and Service Providers the Option to Distribute Audio Content Encoded in DTS® 5.1 format
Calabasas, CA, September 10, 2010 — DTS Inc., (Nasdaq: DTSI), a digital technology company dedicated to delivering the ultimate entertainment experience, has announced today that Release 2 of the OIPF specification for standardized end-to-end delivery of IPTV services will include DTS digital audio technology as an option for audio coding and delivery.
“As IPTV (Internet Protocol Television) continues to rapidly grow as an important method of digital entertainment delivery, it’s vital for DTS that we are specified in all current and emerging standards,” said Brian Towne, Executive Vice President and Chief Operating Officer for DTS. “Our inclusion in Release 2 of the OIPF specification strengthens our position as a provider of premium quality multi-channel audio solutions to the broadcast and online content delivery ecosystem.”
DTS surround sound technology allows content aggregators and IPTV service providers to offer a high quality, differentiated multi-channel audio experience across a rapidly growing number of service delivery and distribution platform options.
Integration of DTS technology into the IPTV service is the latest milestone in the growth of DTS as it continues to become more and more recognized as a leader in the digital entertainment industry. This DTS technology is one of the many broadcast and production technologies developed by DTS and licensed to partners and distributers worldwide. In addition, the widespread adoption of DTS-HD Master Audio™ in high definition movies and music is fueling consumer demand for DTS technologies in the new digital entertainment ecosystem.
DTS, Inc. (NASDAQ:DTSI) is dedicated to making digital entertainment exciting, engaging and effortless by providing state-of-the-art audio technology to hundreds of millions of DTS-licensed consumer electronics products worldwide. From a renowned legacy as a pioneer in multi-channel audio, DTS became a mandatory audio format in the Blu-ray Disc standard and is now increasingly deployed in enabling digital delivery of movies and other forms of digital entertainment on a growing array of network-connected consumer devices. DTS technology is in home theaters, car audio systems, PCs, game consoles, DVD players, televisions, digital media players, set-top boxes, smart phones, surround music software and every device capable of playing Blu-ray discs. Founded in 1993, DTS' corporate headquarters are located in Calabasas, California with its licensing operations headquartered in Limerick, Ireland. DTS also has offices in Northern California, Washington, Canada, China, France, Hong Kong, Japan, South Korea, Taiwan and the United Kingdom. For further information, please visit www.dts.com. DTS, DTS-HD, and DTS and the DTS Symbol together are registered trademarks of DTS, Inc., and DTS-HD MASTER AUDIOTM is a trademark of DTS, Inc. All other trademarks are the properties of their respective owners. © 2010 DTS, Inc. All rights reserved.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks, uncertainties, assumptions and other factors which, if they do not materialize or prove correct, could cause DTS' results to differ materially from historical results or those expressed or implied by such forward-looking statements. All statements, other than statements of historical fact, are statements that could be deemed forward-looking statements, including statements containing the words "planned," "expects," "believes," "strategy," "opportunity," "anticipates" and similar words. These statements may include, among others, plans, strategies and objectives of management for future operations; any statements regarding proposed new products, services or developments; any statements regarding future economic conditions or financial or operating performance; statements of belief and any statements of assumptions underlying any of the foregoing. The potential risks and uncertainties that could cause actual growth and results to differ materially include, but are not limited to, the transition to the next generation optical drives and consumer adoption of such technology, the rapidly changing and competitive nature of the digital audio, consumer electronics and entertainment markets, the Company's inclusion in or exclusion from governmental and industry standards, continued customer acceptance of the Company's technology, products, services and pricing, risks related to ownership and enforcement of intellectual property, the continued release and availability of entertainment content containing DTS audio soundtracks, success of the Company's research and development efforts, risks related to integrating acquisitions, greater than expected costs, the departure of key employees, the current financial crisis and global economic downturn, a loss of one or more of the Company’s key customers or licensees, changes in domestic and international market and political conditions, and other risks and uncertainties more fully described in DTS' public filings with the Securities and Exchange Commission, available at www.sec.gov. DTS does not intend to update any forward-looking statement contained in this press release to reflect events or circumstances arising after the date hereof.
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