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MATSUSHITA TO INCORPORATE SPATIALIZER(R) 3-D AUDIO PROCESSOR INTO PANASONIC CONSUMER AUDIO PRODUCTS

 SHERMAN OAKS, Calif., Jan. 4 /PRNewswire/ -- Matsushita Electric Industrial Co. Ltd. has signed a letter of intent with Spatializer Audio Laboratories Inc. (Vancouver: SLB) U.S. operating subsidiary Desper Products Inc. ("Desper"), to license Desper's Spatializer(R) 3-D audio technology for Matsushita consumer audio products.
 Subject to the conditions and premises included in the letter, Matsushita will produce a broad array of consumer electronic components incorporating Spatializer two-speaker 3-D Stereo Audio Processors. The Spatializer integrated circuits will be manufactured and distributed by Matsushita Electronics Corp., the company's semiconductor subsidiary.
 "We couldn't be happier than to have Matsushita as our first licensee and to have teamed up with their semiconductor foundry for the joint development of the Spatializer IC," commented Steven D. Gershick, Desper president and chief executive officer. "Their willingness to first include Spatializer technology in Panasonic audio products is a clear indication of the readiness of the mass consumer marketplace for effective 3-D stereo enhancement."
 Spatializer audio products from Matsushita are expected to be available to consumers this fall.
 The Spatializer Audio Processor is a stereo enhancement technology that creates a realistic three-dimensional surround sound listening experience from any stereo source using two ordinary loudspeakers. It is a derivative of Desper's 3-D imaging and localization audio technology found in its PRO Spatializer(R) multichannel audio post- production system for professional recording and broadcast applications.
 Matsushita is a $60 billion global manufacturer of consumer electronics products.
 Spatializer Audio Laboratories Inc. is an audio technology company specializing in two-speaker 3-D stereo enhancement products for consumer audio, multimedia, and professional recording marketplaces.
 Spatializer(R) is a registered trademark of Desper Products Inc.
 -0- 1/4/94
 /CONTACT: Steven D. Gershick, president and CEO of Desper Products, 818-986-9673/
 (SLB)


CO: Desper Products Inc.; Matsushita Electric Industrial Co. Ltd.;
 Spatializer Audio Laboratories Inc. ST: California IN: CPR SU: LIC


NY-LS -- LA008 -- 8810 01/04/94 10:00 EST
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Publication:PR Newswire
Date:Jan 4, 1994
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