Press Release
Philips Introduces New QSound Enhanced Product at CeBIT
Soft Soundcard Bundled With New Digital Speakers
Calgary, Alberta - March 17, 2004 -- QSound Labs,
Inc, (NASDAQ: QSND), a leading developer of audio, voice and e-commerce
software solutions, today announced the introduction of a new QSound enhanced
multimedia bundle from Philips. The bundle includes Philips Sound Agent
2 software with new digital audio speakers, the DX220. Philips is demonstrating
the DX220 at CeBIT, in Hanover, March 17-24, 2004.
Philips Sound Agent 2 is based on a modular sound engine developed by
QSound Labs, and incorporates algorithms from both Philips and QSound.
The DX220 USB stereo speakers are exceptionally convenient, simply plugging
into, and drawing power from, a USB 2.0 port. This multimedia kit will
be available in Europe in April.
"We are proud of our joint development efforts with Philips which
produced the Sound Agent 2,” stated David Gallagher, President of QSound
Labs. “The DX220 bundle is a natural extension for this software which
has previously been incorporated into Philips soundcard product line,
the latest of which is the award winning Aurilium, an external USB soundcard.”
About QSound Labs, Inc.:
Since its inception in 1988, QSound Labs, Inc. has evolved into one of
the world's leading audio technology companies and an e-commerce solution
provider. The Company has developed proprietary audio solutions that include
virtual surround sound, positional audio and stereo enhancement for the
consumer electronics, PC/multimedia, Internet and healthcare markets.
The Company's cutting-edge audio technologies create rich 3D audio environments
allowing consumers to enjoy stereo surround sound from two, four or 5.1
speaker systems. To hear 3D audio demos and learn more about QSound, visit
our web site at http://www.qsound.com.
This release contains forward-looking
statements within the meaning of the Private Securities Litigation Act
of 1995 concerning, among other things, introduction of new Philips products
that offer QSound technology. Investors are cautioned that such forward-looking
statements involve risk and uncertainties, which could cause actual results,
performance or achievements of QSound, or industry results to differ materially
from those reflected in the forward-looking statements. Such risks and
uncertainties include, but are not limited to, risks associated consumer
acceptance of QSound-enabled Philips products, dependence on intellectual
property, rapid technological change, competition, general economic and
business conditions, and other risks detailed from time to time in QSound's
periodic reports filed with the Securities and Exchange Commission. Forward-looking
statements are based on the current expectations, projections and opinions
of QSound's management, and QSound undertakes no obligation to publicly
release the results of any revisions to such forward-looking statements
which may be made, for example to reflect events or circumstances after
the date hereof or to reflect the occurrence of unanticipated events.