LG developing next generation of automotive broadcast radio technology
SAN JOSE, Calif.--(BUSINESS WIRE)--
Xperi
Corporation (Nasdaq: XPER) (“Xperi”) and LG
Electronics are pleased to announce the development and integration
of DTS® Connected Radio™ technology into automobiles sold
around the world. The first implementation will arrive at dealerships in
2020 with a major global car brand, to be announced at a later date.
Xperi will deliver to LG the DTS Connected Radioplatform,
which enables an engaging in-car radio experience, combining
over-the-air radio with IP delivered content.
“LG Electronics has been a longtime partner, and we are excited to work
closely with them in developing a new generation of radio solutions,”
said Jeff Jury, general manager, automotive at Xperi. “We continue to
build on our longstanding relationships with car makers and broadcasters
to create advanced radio solutions that deliver the best possible
experience for people everywhere. The DTS Connected Radio system will be
the first global system to enable car makers to create a common radio
experience across different analog and digital broadcast systems
deployed regionally.”
Utilizing an IP connection installed in a vehicle, DTS Connected Radio
delivers an innovative analog and digital (DAB and HD Radio) FM
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.
Further information about the partnership will be announced at a later
date.
For more information about DTS, please visit www.dts.com
or connect with DTS on Facebook,
Twitter
(@DTS)
and Instagram
(@DTS).
About LG Electronics Vehicle Components Company
LG Electronics Vehicle Components Company focuses on commercializing
autonomous and environmentally responsible automotive components and
core solutions based on LG’s proprietary technologies. Its Smart
Solutions business includes a diverse lineup of offerings such as
infotainment systems (audio video, audio video navigation, etc.),
advanced driver assistant system, connectivity and other intelligent
products. Green Solutions focuses on electronic powertrains (motor/drive
unit/inverter/converter), battery packs, vehicle thermal systems and
lighting solutions (head/rear/interior lamp). For more on LG’s Vehicle
Components, visit www.LG.com.
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, FotoNation, HD Radio, Invensas, 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.
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
development and expected launch of the DTS Connected Radio platform.
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 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’s SEC 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
View source version on businesswire.com:
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PR Agency Contact:
Nicole Fait, The Brand Amp
+1
949-438-1104
nicolef@thebrandamp.com
Xperi Investor Relations Contact:
Geri Weinfeld
+1
818-436-1231
geri.weinfeld@xperi.com
Source: Xperi Corporation