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SRS Labs' WOW(TM) and TruSurround XT(R) Technologies Licensed By Toshiba for Its Satellite(R) Notebook Computers

Posted on: Thursday, 15 January 2004, 06:00 CST

SANTA ANA, Calif., Jan. 15 /PRNewswire-FirstCall/ -- SRS Labs, Inc. , a leading provider of innovative audio, voice and semiconductor technology solutions, today announced that Toshiba's Digital Products Division (DPD), a division of Toshiba America Information Systems, Inc. and a recognized leader in portable computers, PDAs and projectors, has licensed SRS WOW(TM) and SRS TruSurround XT(R) audio enhancement technologies for Toshiba's 2004 Satellite(R) notebook product line. WOW and TruSurround XT are patented, advanced audio algorithms that transform the two-speaker audio of a laptop into a home theater listening experience. This new agreement broadens the current licensing relationship between Toshiba and SRS Labs from plasma and LCD TVs to notebooks and other digital media products.

The first products to ship with SRS technologies are Toshiba's newly announced Satellite A45 Series of notebooks that feature TruSurround XT for virtual surround sound for DVD and CD playback. With TruSurround XT, users will enjoy a surround sound movie experience that wraps around them with deep rich bass and clear dialog over speakers or headphones. In later models containing WOW, CD and other stereo or mono material will come alive with powerfully enhanced 3D audio specifically calibrated to the speaker driver requirements of the computer. For Toshiba's Satellite mobile computer product line, WOW provides a panoramic 3D audio image that extends the sound in the horizontal and vertical planes well beyond the speakers or headphones themselves. By the summer of 2004, both technologies will be available in Toshiba's Satellite notebooks in the U.S.

"Toshiba's Satellite notebooks are designed to provide the perfect combination of productivity tools and multimedia capabilities for work or play," said Carl Pinto, director of product marketing at Toshiba's DPD. "As laptops are increasingly used for entertainment, including watching DVD movies, our customers are demanding a state-of-the-art listening experience that rivals their home setup, and SRS audio delivers this experience."

"This engineering and marketing alliance with Toshiba confirms our strong commitment to working with them and each of our OEM partners to deliver flexible, tunable and customized audio enhancement solutions for each product considering speaker placement, form factor and target applications," said Joanna Skrdlant, director of product marketing at SRS Labs. "More and more, manufacturers are including state-of-the-art audio enhancement as a vital ingredient to their product's success, and SRS is the clear brand leader in consumer electronics audio enhancement."

About TruSurround XT and WOW

The TruSurround XT and WOW family of technologies deliver state-of-the-art audio enhancement to millions of products worldwide. TruSurround XT provides an immersive home-theater surround sound experience from multi-channel audio material over standard stereo speakers or headphones with added bass enhancement and improved dialog intelligibility. The original TruSurround technology has become the established standard for the virtualization of 5.1 surround sound over two-speaker systems and has been featured in over 20 million products globally from such household names as Hughes Network Systems, Marantz, Matsushita, Mitsubishi Electric Corporation, Philips, Pioneer, RCA, Sanyo, Sony, Thomson Consumer Electronics, and Yamaha. TruSurround XT adds TruBass and Dialog Clarity, two patented SRS technologies that provide bass enhancement and clear, crisp dialog intelligibility respectively. TruSurround and TruSurround XT are applicable to personal computers, DVD players and recorders, televisions, set top boxes, video game consoles and A/V surround sound receivers.

WOW is a complete suite of 3D audio and bass enhancement technologies specifically designed to improve the quality of audio played on any product with speakers or headphones, including personal computers, televisions, mobile phones, PDAs and televisions. WOW has been included in over 300 million hardware or software products including TVs from Sony, Sharp, Pioneer, Toshiba, Konka, Skyworth, BenQ and Hitachi; automotive entertainment products from Kenwood; digital audio players from Samsung, Olympus, I-River, i-Bead, eDigital and Microsoft's Windows Media Player series of software products.

For information on licensing SRS technologies, contact sales@srslabs.com. Additional information is also available from the company's website at http://www.srslabs.com/.

About SRS Labs Inc.

Celebrating a decade in audio technology innovation, SRS Labs has become a recognized leader in the advancement of audio and voice technology. The company works with the world's top manufacturers to provide a richer entertainment experience through patented sound techniques. SRS Labs' technologies can be heard through products ranging from televisions, DVD players, cell phones, car audio systems and computers. The company also offers hardware and software tools to professionals and consumers for the creation, production and broadcast of content featuring SRS Labs' technologies. SRS Labs' wholly owned subsidiary, ValenceTech, is a Hong Kong- based semiconductor company that designs and sells custom ASICs and standard ICs to leading manufacturers worldwide. Based in Santa Ana, Calif., the company also has licensing representation in Hong Kong, Japan, Europe, and Korea. For more information about SRS Labs, Inc. please visit http://www.srslabs.com/. The information on the aforementioned website is not incorporated by reference into this press release.

Except for historical information contained in this release, statements in this release, including those by Ms. Skrdlant in paragraph four, are forward- looking statements and projections (which include statements concerning plans and objectives of management for future operations) 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.

Investor Contact: Media Contact:

Tami Yanito Jennifer Drescher

(949) 442-1070 x 3093 (949) 442-1070 x 5010

tami@srslabs.com jenniferd@srslabs.com

SRS Labs, Inc.

CONTACT: Investor Contact: Tami Yanito, +1-949-442-1070, ext. 3093,tami@srslabs.com, or Media: Jennifer Drescher, +1-949-442-1070, ext. 5010,jenniferd@srslabs.com, both of SRS Labs, Inc.

Web site: http://www.srslabs.com/

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