Parametric Sound and Epsilon Electronics Sign License Agreement for Hypersound(TM) Technology

Parametric Sound Corporation PAMT today announced a License Agreement with Epsilon Electronics for the development and introduction of consumer products employing the Company's patented HyperSound technology. The arrangement is non-exclusive except for after-market automobile products for which Epsilon retains two-year exclusivity rights subject to certain conditions. The license contemplates a six-month development term to create prototypes thereafter followed by a three-year manufacturing term. "This agreement underscores our commitment to executing strategic licensing deals to deploy our HyperSound technology," said Kenneth F. Potashner, executive chairman of Parametric Sound. "These partnerships will open the door for the integration of our patented audio solutions into next-generation consumer products."