PHOENIX, Ariz. – April 1, 2014 – Studio One Media, Inc. (OTCQB:SOMD), has entered into an agreement with ON Semiconductor (Nasdaq: ONNN) to develop integrated circuits (ICs) utilizing Studio One’s award-winning AfterMaster™ audio technology and ON Semiconductor’s DSP product development expertise.
The devices are expected to offer an unprecedented level of audio clarity, depth and loudness for consumer electronic devices such as headphones, televisions, sound bars, computers, home and car stereos, tablets, and mobile phones. It is expected that the audio ICs will also be used in a broad number of industrial applications, including business phone systems, police and military radios, intercom systems and many other product categories.
“Our agreement with ON Semiconductor is a significant milestone for AfterMaster as it will expedite the introduction of our technology in consumer electronics products,” said Larry Ryckman, president and CEO of AfterMaster HD Audio Labs, Inc. “ICs embedded with AfterMaster audio technology can offer consumer hardware manufacturers a true breakthrough technology that will deliver markedly superior quality over any other audio technology available in the marketplace.”
“Working with Studio One creates an exciting opportunity for ON Semiconductor to further expand our industry-leading DSP offerings to consumer electronics OEMs,” said Robert Klosterboer, senior vice president and general manager of the Applications Product Group at ON Semiconductor. “Consumers continue to seek higher quality audio experiences as evidenced by the strong growth in high-end (high-performance) audio products. Our proven expertise in algorithm development, along with a strong portfolio of DSPs developed specifically for the audio space, make us a good fit to collaborate with Studio One to become a strong player in this field.”
AfterMaster is a groundbreaking audio technology originally developed for the mastering, re-mastering and processing of audio through AfterMaster HD Audio Labs, Inc., a subsidiary of Studio One Media, Inc. AfterMaster delivers an unparalleled clarity, depth and fullness to audio recordings, while delivering a significant increase in volume without increased distortion or loss of dynamic range. The technology has been utilized by a number of leading musicians seeking to create a fuller and richer sound quality than otherwise available in digital audio. For more information, visit https://www.aftermasterhd.com.
About Studio One Media
Studio One Media is a diversified media and technology company with offices in Scottsdale, Arizona and Hollywood, California. Studio One has developed and commercialized a number of award winning, proprietary (patents issued and pending), leading-edge audio and video technologies for professional and consumer use. Studio One has entered into licensing agreements with Sony/ATV Music Publishing, Universal Music Publishing Group, EMI Music Publishing, BMG Chrysalis and strategic relationships with industry leaders such as Mark Burnett Productions, Guitar Center, and Simon Cowell's “The X Factor”. For more information, visit https://www.studioonemedia.com.
About ON Semiconductor
ON Semiconductor is driving energy efficient innovations, empowering customers to reduce global energy use. The company offers a comprehensive portfolio of energy efficient power and signal management, logic, discrete and custom solutions to help design engineers solve their unique design challenges in automotive, communications, computing, consumer, industrial, LED lighting, medical, military/aerospace and power supply applications. ON Semiconductor operates a responsive, reliable, world-class supply chain and quality program, and a network of manufacturing facilities, sales offices and design centers in key markets throughout North America, Europe, and the Asia Pacific regions. For more information, visit https://www.onsemi.com.
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This press release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the current expectations or beliefs of management of Studio One Media, Inc. and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the statement herein. They are neither statements of historical fact nor guarantees or assurances of future performance. Important factors that could cause actual results to differ materially from the statements made herein are: (1) changes in economic, business, competitive, technological and/or regulatory factors, (2) failure to receive stockholder approval of certain actions, if required, (3) failure to compete in a rapidly changing marketplace, (4) failure to retain key employees, (5) failure to raise adequate capital to support the growth and operations of the Company, and (6) other factors affecting the operation of the business of Studio One. More detailed information about these and other factors that may affect current expectations may be found in filings by Studio One as applicable, with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q. Any forward looking statement contained in this press release by Studio One speaks only as of the date on which it is made. Studio One is under no obligation to, and expressly disclaims any such obligation to, update or alter its forward-looking statements, whether as a result of new information, future events, or otherwise.