Xperi Announces DTS Connected Radio to Launch With Global Automotive Brand in 2019
SAN JOSE, Calif.--(BUSINESS WIRE)--Aug 8, 2018--Xperi Corporation (Nasdaq: XPER) (“Xperi”) is pleased to announce that its DTS ® Connected Radio™ technology is being integrated into the cars of a major global automotive brand and is planned for commercial launch next year. This commercial launch reflects the joint effort between DTS and a leading tier one supplier to integrate this next generation radio technology.
“We are actively engaged with a number of car companies to launch our connected radio solution,” said Jeff Jury, general manager, automotive at Xperi. “We are pleased with the market response to our new generation of radio solutions and testing is proceeding on schedule. In particular, we are very excited to be launching the DTS Connected Radio system with a major global car company next year. We continue to build on our longstanding relationships with carmakers and broadcasters to create advanced radio solutions that deliver the best possible experience for people everywhere.”
The DTS Connected Radio system will be the first global system to enable car makers to create a common, enhanced radio experience across different analog and digital broadcast systems deployed regionally. Utilizing an IP connection installed in a vehicle, DTS Connected Radio delivers an innovative analog AM/FM and digital (DAB and HD Radio) experience by pairing broadcast programming with IP-delivered content. DTS Connected Radio aggregates metadata, such as on-air radio program and talent information, artist and song information, station contact information and more, directly from broadcasters around the world to deliver an enhanced in-vehicle radio experience.
Further information about the launch will be announced at a later date.
About Xperi Corporation
Xperi Corporation (Nasdaq: XPER) and its brands, DTS, FotoNation, HD Radio, Invensas and Tessera, are dedicated to creating innovative technology solutions that enable extraordinary experiences for people around the world. Xperi’s solutions are licensed by hundreds of leading global partners and have shipped in billions of products in areas including premium audio, automotive, broadcast, computational imaging, computer vision, mobile computing and communications, memory, data storage, and 3D semiconductor interconnect and packaging. For more information, please call 408-321-6000 or visit www.xperi.com.
DTS, FotoNation, HD Radio, Invensas, Xperi and their respective logos are trademarks or registered trademarks of affiliated companies of Xperi Corporation in the United States and other countries. All other company, brand and product names may be trademarks or registered trademarks of their respective companies.
Xperi Safe Harbor Statement
This press release contains forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve risks and uncertainties that could cause actual results to differ significantly from those projected, particularly with respect to the implementation with a major global car brand, and the development, integration, features, benefits, and characteristics of DTS Connected Radio technology. Material factors that may cause results to differ from the statements made include the plans or operations relating to the businesses of Xperi; market or industry conditions; changes in patent laws, regulation or enforcement, or other factors that might affect Xperi’s ability to protect or realize the value of its intellectual property; the expiration of license agreements and the cessation of related royalty income; the failure, inability or refusal of licensees to pay royalties; initiation, delays, setbacks or losses relating to Xperi’s intellectual property or intellectual property litigations, or invalidation or limitation of key patents; fluctuations in operating results due to the timing of new license agreements and royalties, or due to legal costs; the risk of a decline in demand for semiconductors and products utilizing our audio and imaging technologies; failure by the industry to use technologies covered by Xperi’s patents; the expiration of Xperi’s patents; Xperi’s ability to successfully complete and integrate acquisitions of businesses; the risk of loss of, or decreases in production orders from, customers of acquired businesses; financial and regulatory risks associated with the international nature of Xperi’s businesses; failure of Xperi’s products to achieve technological feasibility or profitability; failure to successfully commercialize Xperi’s products; changes in demand for the products of Xperi’s customers; limited opportunities to license technologies due to high concentration in applicable markets for such technologies; the impact of competing technologies on the demand for Xperi’s technologies; pricing trends, including Xperi’s ability to achieve economies of scale; and other developments in the markets in which Xperi operates, as well as management’s response to any of the aforementioned factors. You are cautioned not to place undue reliance on the forward-looking statements, which speak only as of the date of this release.
The foregoing review of important factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included herein and elsewhere, including the Risk Factors included in Xperi’s recent reports on Form 10-K and Form 10-Q and other documents of Xperi on file with the Securities and Exchange Commission (the “SEC”). Xperi’s SEC filings are available publicly on the SEC’s website at www.sec.gov. Any forward-looking statements made or incorporated by reference herein are qualified in their entirety by these cautionary statements, and there can be no assurance that the actual results or developments anticipated by Xperi will be realized or, even if substantially realized, that they will have the expected consequences to, or effects on, Xperi or its business or operations. Except to the extent required by applicable law, Xperi undertakes no obligation to update publicly or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.
SOURCE: XPERI CORPORATION
View source version on businesswire.com:https://www.businesswire.com/news/home/20180808005185/en/
CONTACT: PR Agency Contact:
The Brand Amp
Nicole Fait +1 949-438-1104
Xperi Investor Relations Contact:
Geri Weinfeld, +1 818-436-1231
KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA
INDUSTRY KEYWORD: OTHER CONSUMER ENTERTAINMENT TV AND RADIO TECHNOLOGY INTERNET SOFTWARE AUDIO/VIDEO SATELLITE MOBILE/WIRELESS AUTOMOTIVE GENERAL AUTOMOTIVE CONSUMER
SOURCE: Xperi Corporation
Copyright Business Wire 2018.
PUB: 08/08/2018 09:05 AM/DISC: 08/08/2018 09:05 AM