Printer Friendly

INVESTMENT GROUP ACQUIRES AUDIO LINE FROM HUGHES AIRCRAFT

 IRVINE, Calif., July 23 /PRNewswire/ -- An investment group, formed by management and Cruttenden & Co., acquired the Sound Retrieval System (SRS) and the ORB(TM) product lines from Hughes Aircraft Co. The patented SRS technology is widely recognized as a major breakthrough in 3D sound technology. It is licensed to both Sony and RCA for use in their high-end televisions and is also sold as an add-on audio enhancement product.
 The new company, SRS Labs Inc., is headed by Stephen V. Sedmak, formerly with Rolm Corp., and James S. Lucas, formerly with Hughes Aircraft Co. It is the new company's intent to focus on multimedia, game and PC applications where enhanced audio output is becoming as important as advanced graphics.
 SRS Labs Inc. is located at 4600 Campus Drive, Suite 106, Newport Beach, CA, 92660. Its phone number is 714-442-1070.
 -0- 7/23/93
 /CONTACT: Joyce Hooley, investor relations of SRS Labs, 714-757-5710/


CO: Cruttenden & Co.; Hughes Aircraft Co.; SRS Labs Inc. ST: California IN: CPR ARO SU: TNM

LS-LM -- LA021 -- 5210 07/23/93 14:15 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jul 23, 1993
Words:177
Previous Article:WILLIAMS CONTROLS SIGNS LETTER TO ACQUIRE KENCO
Next Article:WESTERN STATES PETROLEUM ASSOCIATION PROVIDES GASOLINE TAX FACT SHEET, JULY 23, 1993
Topics:


Related Articles
NEW AUDIO INTELLIGIBILITY TECHNOLOGY FROM HUGHES ENABLES PA ANNOUNCEMENTS TO BE HEARD IN HIGH-NOISE ENVIRONMENTS
THOMSON-CSF, HUGHES AIRCRAFT CO. & THE CARLYLE GROUP OFFER $400 MILLION FOR LTV AEROSPACE AND DEFENSE GROUP
HUGHES AIRCRAFT COMPANY TO ACQUIRE GENERAL DYNAMICS MISSILE BUSINESS
HUGHES AIRCRAFT COMPANY TO ACQUIRE GENERAL DYNAMICS MISSILE BUSINESS
U.S. ARMY TAKES EARLY DELIVERY OF FIRST GROUND-BASED SENSOR
VIRGIN ATLANTIC AIRWAYS OFFERS AVANT-GARDE PASSENGER SERVICES WITH HUGHES-AVICOM CAPABILITY
SRS LABS INC. BUYS RIGHTS TO SOUND RETRIEVAL SYSTEM FROM HUGHES
BOEING AWARDS HUGHES TECHNOLOGY PRODUCTS DIVISION $6.9 MILLION CONTRACT
HUGHES-AVICOM APAX 150 INFLIGHT ENTERTAINMENT SYSTEM NOW AVAILABLE FOR ORDER ON BOEING 777
TransDigm Announces the Acquisition of Aerospace Ignition Product Line From Unison Industries.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters