Mad Catz Acquires INAIR Personal Sound Audio Technology Intellectual Property.Poised to Address Growing Digital Audio Market With Cutting Edge Technology SAN DIEGO San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. -- Mad Catz Mad Catz Interactive (TSX: MCZ) is a peripherals manufacturer for various Game Consoles. It produces a wide range of accessories including control pads, memory cards, connection cables and other Human Interface Devices. Interactive, Inc. (AMEX/TSE: MCZ MCZ Museum of Comparative Zoology (Harvard University, Cambridge, Massachusetts) MCZ Mystic Cave Zone (Sonic 2 level) ), a leading third party video game accessory A video game accessory is a separate piece of hardware that is required to use a video game console, or one that enriches the video game's play experience. Essentially, video game accessories are everything except the console itself, such as controllers, memory, power adapters (AC), and provider, today announced the acquisition of the INAIR Personal Sound Technology - a revolutionary breakthrough in the headphone See headphones. listening experience. As part of the acquisition of the INAIR IP, Mad Catz also brings INAIR's inventor, Ken Wright, to Mad Catz' management team. "We are very excited about our acquisition of the INAIR Personal Sound Technology IP," said Darren Richardson, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Mad Catz. "This new technology allows users to have a high-quality digital listening experience while still interacting comfortably with their environment. The designer earpiece can be adapted to be either unobtrusive or more conspicuously branded as a stylish status symbol. Given the number of digital audio devices in the marketplace and the range of possibilities for branding, co-marketing and cross-promotion, the INAIR Personal Sound Technology opens up a broad realm of potential new revenue streams." Ken Wright, inventor of the INAIR Personal Sound Technology commented, "I am excited to join Mad Catz to help apply their high standard of quality accessories to the growing digital audio market through the development of both traditional and innovative new audio solutions." Mad Catz is currently planning a range of products using the INAIR Personal Sound Technology to address a wide array of audio devices, including iPod, Zune, cell phone, and other digital media devices. The INAIR Personal Sound Technology allows users to enjoy their favorite music and still interact in social settings, play sports, bicycle, jog or even drive a car. The INAIR Personal Sound Technology also has the ancillary benefit of reducing the damage that can be caused by standard headphones Head-mounted speakers. Headphones have a strap that rests on top of the head, positioning a pair of speakers over both ears. For listening to music or monitoring live performances and audio tracks, both left and right channels are required. that project sound directly into the ear canal ear canal n. The narrow, tubelike passage through which sound enters the ear. Also called external auditory canal. . The INAIR Personal Sound Technology is currently in the patenting process and the Company plans to further protect this unique technology through a range of further patents, copyrights and trademarks. Mad Catz plans to release its first product offerings using the INAIR Personal Sound Technology in calendar 2007. About Mad Catz Interactive, Inc. Mad Catz is a worldwide leader of innovative peripherals in the interactive entertainment industry. Mad Catz designs and markets a full range of accessories for video game systems and publishes video game software, including the industry leading GameShark brand of video game enhancements. Mad Catz has distribution through most leading retailers offering interactive entertainment products. Mad Catz has its operating headquarters in San Diego, California “San Diego” redirects here. For other uses, see San Diego (disambiguation). San Diego is a coastal Southern California city located in the southwestern corner of the continental United States. As of 2006, the city has a population of 1,256,951. and offices in Canada, Europe and Asia. For additional information go to www.madcatz.com. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. for Forward Looking Statements: This press release contains forward-looking statements about the Company's business prospects that involve substantial risks and uncertainties. The Company assumes no obligation to update the forward-looking statements contained in this press release as a result of new information or future events or developments. You can identify these statements by the fact that they use words such as "anticipate," "estimate," "expect," "project," "intend," "should," "plan," "goal," "believe," and other words and terms of similar meaning in connection with any discussion of future operating or financial performance. Among the factors that could cause actual results to differ materially are the following: the ability to maintain or renew the Company's licenses; competitive developments affecting the Company's current products; first party price reductions; the ability to successfully market both new and existing products domestically and internationally; difficulties or delays in manufacturing; or a downturn in the market or industry. A further list and description of these risks, uncertainties and other matters can be found in the Company's reports filed with the Securities and Exchange Commission and the Canadian Securities Administrators Canadian Securities Administrators(CSA) is a forum for the 13 securities regulators of Canada's provinces and territories to coordinate and harmonize regulation of the Canadian capital markets. . |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion