ceh
November 16, 2006

DTS Inc. Optimistic about Future of HD-capable game consoles and PCs

Agoura Hills, Calif. - “While the consumer electronics industry remains in the midst of a major transition to next generation formats, we are optimistic about the future market potential for high definition playback devices," notes DTS Inc.'s president and CEO, Jon Kirchner. "In particular, we are encouraged by the upcoming launches of new HD-capable game console platforms and PCs, which are expected to drive growth in revenue in 2007 and beyond."
“In our cinema business, we are encouraged by the initial interest in our Digital Booking Systems technology from international customers," continues Kirchner. "We are making important progress in developing a compelling suite of products, technologies, and services to position our business for entry into large and growing global markets for digital content distribution. We are opening doors to new market opportunities as the result of major cost efficiencies gained through our process improvement programs."
 
Kirchner and DTS management have decided to proceed with the separation of the DTS business and have hired financial advisors to assist with the process. They expect that the separation will result in a standalone consumer licensing business and a cinema-related business comprised of DTS's cinema and digital images businesses. They believe this separation will better position each business to serve its customer base, go-to-market more rapidly, and be more flexible.