Companies to trial content, services and advanced user interfaces for
next generation of global connected cars with DTS Connected Radio
technology
CALABASAS, Calif.--(BUSINESS WIRE)--Sep. 25, 2018--
Xperi
Corporation (Nasdaq: XPER) (“Xperi”) is pleased to announce an
agreement between its wholly owned subsidiary, DTS,
a global leader in high-definition audio solutions, and BBC Radio, to
run a hybrid radio trial for 18 months. Under terms of the agreement,
the UK public service broadcaster will provide content directly into the
DTS® Connected Radio™ platform. This trial will
allow the refining of system operations, support on-going global
automotive field testing and product development of hybrid radio, and
validate the implementation and listener experience in connected analog
and DAB equipped radios.
“The BBC is arguably the leading radio broadcaster in the world, with a
rich history of innovation to ensure their audience has the best
experience technology can offer,” said Jeff Jury, general manager,
Automotive at Xperi. “As cars become more and more connected, broadcast
radio has a unique opportunity to leverage that connectivity to enhance
the broadcast radio experience. The BBC have been instrumental in
leading the growth to DAB, we are pleased to work with them to enrich
our DTS Connected Radio offering to ensure the next generation of
connected DAB radios remain the dominant audio choice in cars.”
“The BBC has a long history of supporting emerging technologies and
services related to our content,” said Bob Shennan, director of radio
and music at the BBC. “The world of content distribution is rapidly
changing, and we believe that audiences and radio are best served by a
mixed economy; we also need to protect radio in the car and ensure it is
able to thrive in the hybrid world of the connected dashboard.”
Utilizing an IP connection installed in a vehicle, DTS Connected Radio
delivers an innovative analog FM and digital (DAB and HD Radio®)
experience by pairing broadcast programming with IP-delivered content.
DTS Connected Radio aggregates metadata, such as on-air radio program
and talent information, artist and song information, station contact
information and more, directly from broadcasters around the world to
deliver an enhanced in-vehicle radio experience.
For more information about the DTS automotive business, please visit www.xperi.com/futureofauto
or www.dts.com.
Connect with DTS on Facebook,
Twitter
(@DTS)
and Instagram
(@DTS).
About Xperi Corporation
Xperi Corporation (Nasdaq: XPER) and its brands, DTS, FotoNation, HD
Radio, Invensas and Tessera, are dedicated to creating innovative
technology solutions that enable extraordinary experiences for people
around the world. Xperi’s solutions are licensed by hundreds of leading
global partners and have shipped in billions of products in areas
including premium audio, automotive, broadcast, computational imaging,
computer vision, mobile computing and communications, memory, data
storage, and 3D semiconductor interconnect and packaging. For more
information, please call 408-321-6000 or visit www.xperi.com.
DTS, Xperi and their respective logos are trademarks or registered
trademarks of affiliated companies of Xperi Corporation in the United
States and other countries. All other company, brand and product names
may be trademarks or registered trademarks of their respective companies.
Xperi Safe Harbor Statement
This press release contains forward-looking statements, which are made
pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. Forward-looking statements involve risks
and uncertainties that could cause actual results to differ
significantly from those projected, particularly with respect to the
expected collaboration and benefits of the BBC agreement and the
features, benefits and characteristics of DTS Connected Radio. Material
factors that may cause results to differ from the statements made
include the plans or operations relating to the businesses of Xperi;
market or industry conditions; changes in patent laws, regulation or
enforcement, or other factors that might affect Xperi's ability to
protect or realize the value of its intellectual property; the
expiration of license agreements and the cessation of related royalty
income; the failure, inability or refusal of licensees to pay royalties;
initiation, delays, setbacks or losses relating to Xperi's intellectual
property or intellectual property litigations, or invalidation or
limitation of key patents; fluctuations in operating results due to the
timing of new license agreements and royalties, or due to legal costs;
the risk of a decline in demand for semiconductors and products
utilizing our audio and imaging technologies; failure by the industry to
use technologies covered by Xperi's patents; the expiration of Xperi's
patents; Xperi's ability to successfully complete and integrate
acquisitions of businesses; the risk of loss of, or decreases in
production orders from, customers of acquired businesses; financial and
regulatory risks associated with the international nature of Xperi's
businesses; failure of Xperi's products to achieve technological
feasibility or profitability; failure to successfully commercialize
Xperi's products; changes in demand for the products of Xperi's
customers; limited opportunities to license technologies due to high
concentration in applicable markets for such technologies; the impact of
competing technologies on the demand for Xperi's technologies; pricing
trends, including Xperi's ability to achieve economies of scale; and
other developments in the markets in which Xperi operates, as well as
management's response to any of the aforementioned factors. You are
cautioned not to place undue reliance on the forward-looking statements,
which speak only as of the date of this release.
The foregoing review of important factors should not be construed as
exhaustive and should be read in conjunction with the other cautionary
statements that are included herein and elsewhere, including the Risk
Factors included in Xperi's recent reports on Form 10-K and Form 10-Q
and other documents of Xperi on file with the Securities and Exchange
Commission (the "SEC"). Xperi'sSEC filings are available publicly on
the SEC's website at www.sec.gov.
Any forward-looking statements made or incorporated by reference herein
are qualified in their entirety by these cautionary statements, and
there can be no assurance that the actual results or developments
anticipated by Xperi will be realized or, even if substantially
realized, that they will have the expected consequences to, or effects
on, Xperi or its business or operations. Except to the extent required
by applicable law, Xperi undertakes no obligation to update publicly or
revise any forward-looking statement, whether as a result of new
information, future developments or otherwise.
SOURCE: XPERI CORPORATION
XPER-D
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Source: Xperi Corporation
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jordan.miller@xperi.com
or
Xperi
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geri.weinfeld@xperi.com