MONTREAL, June 17 /CNW Telbec/ - Sonomax Technologies Inc. (SHH:TSX Venture) is pleased to announce that it has signed another in a series of Term Sheets that it intends to enter into in 2010. The agreement is with Racal Acoustics Ltd., a component of Esterline Technologies Corp. (NYSE: ESL). Under the terms of the agreement the parties have agreed to work toward establishing an R&D License Agreement by July 15th, 2010, the object of which will be to evaluate then develop the use of Sonomax V4 earpiece technology ("Sonomax Outside") as the centerpiece in the development of a suite of military hearing protection and communication applications.
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, +1-514-932-2674 Ext 2229, firstname.lastname@example.org; Terry Buckley, Sales and Marketing Director at Esterline Racal Acoustics, +44 (0)208 515 6200, email@example.com