Parametric and Fujitsu Announce Strategic Relationship

Parametric Sound and Fujitsu Announce Strategic Relationship

 

Team to Deliver Innovative HyperSound Technology to Digital Media OEMs

 

SAN DIEGO, California, September 10, 2012 – Parametric Sound Corporation (Nasdaq: PAMT), a leading innovator of audio products and solutions, today announced that it has appointed Fujitsu Frontech North America Inc., a leader in innovative technology and front-end solutions, to act as a non-exclusive, authorized reseller for the Company’s HyperSound products. The appointment allows Fujitsu to offer a broad range of sales and marketing services, and pre- and post-sale technical assistance, to its established customer base, with target clients in the telecommunications, financial and retail markets.

 

“Integrating HyperSound with our digital media solutions underscores our commitment to offering ground-breaking technology to our customers,” said Vic Herring, vice president of sales, Cloud Infrastructure Solutions at Fujitsu Frontech North America.  “We look forward to working with Parametric to deploy their products and solutions."

 

“This agreement enables us to strategically focus our sales and marketing efforts in a space where Fujitsu has strong client relations,” said Kenneth F. Potashner, executive chairman of Parametric Sound. “We believe it will further heighten the value and increase the adoption of HyperSound as the standard for audio solutions within this market segment.”

 

About Parametric Sound Corporation

Parametric Sound Corporation is a pioneering innovator of directed audio solutions. With a substantial body of intellectual property, Parametric Sound is the foremost authority in the application of acoustic technology to beam sound to target a specific listening area without the ambient noise of traditional speakers. The Company is targeting its technology for new uses in consumer markets including computers, video gaming, televisions, home audio, health care and mobile devices. For more information, visit www.parametricsound.com.

 

About Fujitsu Frontech North America, Inc.

Fujitsu Frontech North America Inc. brings innovative technology from Japan and, with its partners, develops powerful front-end solutions that shape how society interacts with big data. Fujitsu Frontech North America Inc. is headquartered with operations and solution development at 27121 Towne Centre Drive #100, Foothill Ranch, CA 92610, USA. For more information about Fujitsu products and services, call us at 800-626-4686 or visit us at: www.fujitsufrontechna.com   

 

Trademark Information: HSS® is registered trademark of, and HyperSound is a tradename of, Parametric Sound.  Fujitsu and the Fujitsu logo are registered trademarks. All other trade names used herein are either trademarks or registered trademarks of the respective holders.

 

Cautionary note on forward-looking statements

This press release includes forward-looking information and statements. Except for historical information contained in this release, statements in this release may constitute forward-looking statements regarding assumptions, projections, expectations, targets, intentions or beliefs about future events that are based on management's belief, as well as assumptions made by, and information currently available to, management. While the Company believes that expectations are based upon reasonable assumptions, there can be no assurances that goals and strategy will be realized. Numerous factors, including risks and uncertainties, may affect actual results and may cause results to differ materially from those expressed in forward-looking statements made by the Company or on its behalf. Some of these factors include the acceptance of existing and future products, the impact of competitive products and pricing, general business and economic conditions, and other factors detailed in the Company’s Annual Report on Form 10-K and other periodic reports filed with the SEC. The Company specifically disclaims any obligation to update or revise any forward-looking statement whether as a result of new information, future developments or otherwise.

 

CONTACT:

Tracy Neumann

888-HSS-2150 Ext 9

tneumann@parametricsound.com

or

INVESTOR RELATIONS CONTACT:

Dave Mossberg

Three Part Advisors, LLC

817 310-0051


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*Trademark Information: HyperSound® and HSS are registered trademarks of Turtle Beach Corporation. The names of actual companies and products mentioned herein may be the trademarks of their respective owners.