ESTERLINE RACAL ACOUSTICS INTENDS TO INCORPORATE SONOMAX'S NEXT GENERATION EARPIECE TECHNOLOGY IN PRODUCTS FOR WORLDWIDE MILITARY MARKET
MONTREAL, Aug. 23 /CNW Telbec/ - Sonomax Technologies Inc. (SHH:TSX Venture Exchange) is pleased to announce that it has executed a development license agreement with Racal Acoustics Ltd., a component of Esterline Technologies Corp. (NYSE: ESL). This comprehensive agreement was signed pursuant to the provisions of a Term Sheet between the parties that was announced on June 17, 2010. Under the terms of the agreement, the parties will develop a suite of military communications and hearing protection products using the Sonomax V4 earpiece technology ("Sonomax Outside") which it plans to market worldwide.
"We are very pleased to sign this agreement with Sonomax for the military channel" said Graham Jones, Engineering Director for Racal. "We have been monitoring Sonomax's progress for over two years now, with a view to integrating their technology into one segment of our product portfolio. The realization of the current V4 is a strong step towards this. Once initial testing has been completed in Q4/2010 we expect to be in a position to prepare a comprehensive development plan for integration of Sonomax into our product strategy that will include projected sales numbers and other deliverables."
Said Sonomax CEO Nick Laperle, "Getting military buy-in through this strategic alliance with a dominant player in the military space is an important step forward in Sonomax's objective of making its self-fit V4 technology the standard for all in-ear applications. Esterline Racal Acoustics already represents over 25% of the military channel worldwide. They have the sales force in place and the engineering support to make this initiative happen. The array of products incorporating Sonomax's next level earpiece technology will include not only "talk-through-the-ear" communications devices, but also advanced hearing protection and even earphones for off duty personnel."
Esterline Racal Acoustics is a world leading supplier of high quality, state-of-the-art military audio and data products designed to operate in the most severe battle environments. From secure audio and data intercommunication/networking systems to rugged noise-canceling handsets and headsets, ERA is on the front lines of battlefield communication. Esterline Racal Acoustics has a long history of design, development and manufacture of audio ancillary equipment for the world's military markets. Based in London, UK, the company employs approximately 180 staff.
Esterline Racal Acoustics products are designed to protect hearing and enhance communication in high and medium noise environments, such as aircraft, tracked and wheeled vehicles as well as for dismounted soldiers. The product range includes noise attenuating, lightweight and In-The-Ear headsets, handsets, microphones, field communications systems and avionics equipment.
About Sonomax Technologies Inc.
Sonomax (www.sonomax.com) is a leader in the research, development and licensing of in-ear technologies. With over 50 patents worldwide, Sonomax pioneering innovation includes instant custom-fitting earpieces that deliver the most comfortable, protective and sound-enhancing experience in the world, as well as software driven solutions for validating earpiece performance. The latest V4 Self-Fit(TM) System offers our OEM, ODM and aftermarket clients a broader range of opportunities in customized earpieces for the Consumer, Industrial, Military and medical markets.
This news release contains statements that constitute "forward-looking information" or "forward-looking statements" within the meaning of applicable securities legislation. This forward-looking information is subject to numerous risks and uncertainties, certain of which are beyond the control of Sonomax Technologies Inc. ("Sonomax"). Actual results or achievements may differ materially from those expressed in, or implied by, this forward-looking information. No assurance can be given that any events anticipated by the forward-looking information will transpire or occur, or if any of them do so, what benefits that Sonomax will derive therefrom. Forward-looking information is based on the estimates and opinions of Sonomax's management at the time the information is released and Sonomax does not undertake any obligation to update publicly or to revise any of the forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Sonomax Technologies Inc.
For further information: For further information: Nick Laperle, President & CEO at Sonomax, T. +1-514-932-2674 Ext 2229, firstname.lastname@example.org; Terry Buckley, Sales and Marketing Director at Esterline Racal Acoustics, T. +44 (0)208 515 6200, email@example.com