Press Release
QSound's New QSurround Headphone® Technology Featured in Recoton's Latest Wireless Headphones
QSurround-Enabled “Acoustic Research®” Headphones Win CES Innovations 2001 Award
CALGARY, CANADA - January 14, 2002 - QSound Labs, Inc. (NASDAQ: QSND), a
leading supplier of audio solutions, today announced that their new
QSurround Headphone® technology has been incorporated into a new wireless
headphone product by RECOTON (NASDAQ: RCOT), the industry leader in
wireless headphones and speakers. The Acoustic Research® branded AW791
headphones received the Consumer Electronics Show (CES) Innovations 2002
award last week for their exciting wireless surround sound experience.
These headphones will be available for sale in the United States and
Canada in February 2002.
“As the leader in 900MHz wireless audio technology, our never-ending goal
is to provide consumers with the highest sound quality possible through
wireless headphones,” said Joe Forgét, Sr. Product Manager, Recoton
Accessories, Inc. “After evaluating all of the available headphone virtual
surround sound enhancements, we determined QSound’s QSurround Headphone to
be a superior solution. The use of QSurround Headphone provides our
wireless headphone consumer’s with the most realistic surround sound
experience, making the Acoustic Research Surround Sound Headphones our
most feature-filled headphone product to date.”
QSurround Headphone allows the user to enjoy the full benefit of Dolby®
Digital audio on a DVD soundtrack. Standard headphone technology is
inadequate for multi-channel audio content because it fails to reproduce
the staging and imaging. The Dolby Digital audio content was created and
intended for reproduction via multiple discrete loudspeakers in separate
physical locations. QSurround Headphone uses QSound’s proven 3D audio
algorithms to provide a realistic surround sound experience for the
headphone listener.
“Having an industry leader like Recoton be the first to incorporate our
new QSurround Headphone technology into a product is a great compliment,”
said David Gallagher, President, CEO, QSound Labs, Inc. “We believe the
market potential for this technology and Recoton’s wireless product is
significant with the extensive market penetration of digital audio devices
like DVD, digital cable, and the latest video game platforms.”
About RECOTON
Recoton Corporation (Nasdaq National Market RCOT) is a global leader in
the development, manufacturing and marketing of consumer electronic
accessories, loudspeakers and car audio products. Recoton's more that
4,000 products feature highly functional accessories for audio, video, car
audio, camcorder, multi-media/computer, home office, cellular and standard
telephone, music and video game products and 900MHz wireless technology
headphones and speakers. They are sold under the Advent®, Ambico®,
AR®/Acoustic Research®, Discwasher®, InterAct®, Jensen®, Recoton®, Ross(TM),
and Stinger® brand names. The Company also produces and markets audio
components, high fidelity loudspeakers, home theater speakers, and car
audio speakers and components which are sold under the Advent®,
AR®/Acoustic Research®, HECO(TM), Jensen®, MacAudio(TM), Magnat®, NHT®
(Now Hear This) and Phase Linear® brand names.
This release contains forward-looking statements within the meaning of the Private Securities Litigation Act of 1995 concerning, among other things, introduction of new products. Investors are cautioned that such forward-looking statements involve risk and uncertainties, which could cause actual results, performance or achievements of the Company, or industry results to differ materially from those reflected in the forward-looking statements. Such risks and uncertainties include, but are not limited to, risks associated with dependence upon Recoton’s use of QSound technology, consumer acceptance of the Company’s products, rapid technological change and competition, the Company’s ability to carry out its business strategy and marketing plans, including availability of sufficient resources for the Company to do so timely and cost effectively, dependence on intellectual property, and other risks detailed from time to time in the Company’s periodic reports filed with the Securities and Exchange Commission. Forward-looking statements are based on the current expectations, projections and opinions of the Company’s management, and the Company undertakes no obligation to publicly release the results of any revisions to such forward-looking statements which may be made, for example to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.