SANTA ANA, Calif., June 22 /PRNewswire-FirstCall/ -- SRS Labs, Inc. (Nasdaq: SRSL), has been named the winner in the 2010 American Technology Awards, "The Termans", which bestows the "Best Of" awards that recognize all technology products and services for the technology industry. The award was attributed to the MyVolume Adaptor, a standalone TV volume leveling solution featuring SRS TruVolume technology, in the Consumer Electronics category.
SRS MyVolume, powered by TruVolume™ technology, is a small HDMI adapter that is primarily designed to connect between TVs and set-top-boxes and allows users to enjoy television programming free from annoying volume fluctuations that are normally encountered when switching between sources, channels, and when programming transitions to commercials. SRS TruVolume is a revolutionary audio solution that provides listeners with a consistently comfortable volume level for a more enjoyable multimedia experience. Listeners simply set the volume to their preferred listening level, sit back and relax. And, with more than 30-million CE devices shipped worldwide featuring the SRS solution, TruVolume is the uncontested de-facto volume-leveling standard.
"We would like to thank TechAmerica Foundation for this honor, as we are truly thrilled to have been recognized with a Terman for our work on the MyVolume Adaptor," said Allen H. Gharapetian, Vice President of Marketing for SRS Labs. "Volume fluctuations have irritated households for years and this little device, through sophisticated power of SRS TruVolume, can effectively eliminate this issue for good."
"We had a lot of nominations for these prestigious awards, and we congratulate SRS Labs for their winning achievement," said Phil Bond, chairman, TechAmerica Foundation. "TechAmerica Foundation is excited to highlight SRS Labs, as it continues to influence technology development throughout the rest of the world."
The American Technology Awards were presented for each of the inclusive segments of the technology industry: Aerospace and Defense; Clean Tech/Green Tech/Smart Grid; Cloud Computing/Software as a Service; Computers and Peripherals; Consumer Electronics; Cyber Security and Authentication; Electronic Components; Internet Services; Measurement and Control Instruments; Medical Devices; Server & Storage Technology; Software; Technology Consulting; Technology Services; and Telecommunications.
Industry experts and technology companies vetted nominations for the American Technology Awards, "The Termans". These awards are named after Frederick Terman, who is widely credited as being the father of Silicon Valley. The winners were announced on June 16th, 2010 at TechAmerica Foundation's Eighth Annual Technology and Government Dinner, which has been a premier Washington, D.C. networking event bringing hundreds of industry, congressional and government leaders together at one venue to celebrate the partnership between industry and government.
The SRS MyVolume adapter featuring SRS TruVolume technology is available directly through SRS' online store at www.srslabs.com and select retailers nationwide.
For more information, please visit www.techamericafoundation.org/thetermans.
About SRS Labs, Inc.
Founded in 1993, SRS Labs is the industry leader in audio signal processing for consumer electronics. Beginning with the audio technologies originally developed at Hughes Aircraft, SRS Labs holds over 150 worldwide patents and is recognized by the industry as the foremost authority in research and application of audio post processing technologies based on the human auditory principles. Through partnerships with leading global CE companies, semiconductor manufacturers and software partners, SRS is recognized as the de facto standard in audio enhancement, surround sound, volume leveling and voice processing technologies. SRS solutions have been included in over one billion electronic products sold worldwide including flat panel HDTVs, STBs, mobile phones, portable media devices, PCs and automotive entertainment. SRS Labs supports its partners around the globe with a network of offices in regions including the U.S., China, Europe, Japan, Korea and Taiwan. For more information, visit www.srslabs.com. Visit SRS Labs' blog at soundingoff.srslabs.com, on Facebook at www.facebook.com/srslabs or on Twitter at http://www.twitter.com/srslabs.
About TechAmerica Foundation
TechAmerica Foundation educates industry executives, policy makers and opinion leaders on the promise of technological innovation to advance prosperity, security and the general welfare. Launched in 2009, the foundation is a 501c(3) non-profit, non-partisan affiliate of TechAmerica, the leading voice and resource for the U.S. technology industry. It disseminates award-winning industry, policy and market research covering topics such as U.S. competitiveness in a global economy, innovation in government, and other areas of national interest. The foundation also organizes conferences and seminars to explore pertinent issues with government and industry representatives and to share the foundation's findings. Learn more about TechAmerica Foundation at www.techamericafoundation.org.
Except for historical information contained in this release, statements in this release, including those by Mr. Gharapetian, may constitute forward-looking statements regarding our 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 its expectations are based upon reasonable assumptions, there can be no assurances that the Company's goals and strategy will be realized. Numerous factors, including risks and uncertainties, may affect the Company's actual results and may cause results to differ materially from those expressed in forward-looking statements made by or on behalf of the Company. Some of these factors include the acceptance of new SRS Labs' products and technologies, the impact of competitive products and pricing, the timely development and release of technologies by the Company, general business and economic conditions, especially in Asia, and other factors detailed in the Company's Form 10-K and other periodic reports filed with the SEC. SRS Labs specifically disclaims any obligation to update or revise any forward-looking statement whether as a result of new information, future developments or otherwise.
SOURCE SRS Labs, Inc.