Sonomax Technologies, Dynamic Ear, sign collaboration agreement
DYNAMIC EAR TO USE V4 AS DELIVERY SYSTEM FOR PRODUCT OFFERINGS TO INDUSTRIAL AND MILITARY CUSTOMERS
MONTREAL, May 25 /CNW Telbec/ - Sonomax Technologies Inc. (SHH:TSX Venture) is pleased to announce that is has signed a collaboration agreement with the Dynamic Ear Company (DEC). DEC is a leading manufacturer and developer of innovative in-ear products that permit users to control the volume of external sound that reaches their ears, which by doing so, contribute to hearing safety and a comfortable sound experience.
"The agreement relates to the development of Dynamic Sound Technology (DST) modules that will be integrated in V4 earpieces. DST allows users to enjoy complete isolation while listening to music, yet gain full access to external sounds at the touch of a button", said Steve Collicott Business Development Director of Dynamic Ear. "We are impressed by the unique capabilities of the V4 technology which can be mass produced, making long-awaited self-fit custom earpieces available to the consumer".
Under the terms of the agreement, the parties will co-develop a DEC earphone solution for the consumer electronics market targeting large OEM's in the MP3 space. The parties will further cooperate in the development of highly specialized communication devices for DEC's military and industrial customers.
Said Nick Laperle, "Sonomax is presently in negotiations to enter into collaboration agreements with a number of industry leaders that can sell, market and distribute finished or component products incorporating Sonomax's new V4 technology". Mr. Laperle went on to say, "Our plan remains the same. We believe that the V4 will become the standard interface worldwide for any and all in-ear technologies. Agreements such as this one with Dynamic Ear will lay the foundation for Sonomax achieving its objective of becoming the worldwide standard.
About Dynamic Ear
At Dynamic Ear Company we love ears and sound. We want to let you control the sounds you want to hear and those you do not want to hear. For this reason we developed a range of innovative in-ear sound reducers and monitors. In our products we endeavor to make it possible to enjoy natural listening to undistorted sound. For more information http://www.dynamic-ear.com
About Sonomax Technologies
Sonomax 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 manufacturer and aftermarket clients a broader range of opportunities in customized earpieces for personal entertainment, mobile communication and Bluetooth(TM) headsets. The technology also extends to applications for self-fit earplugs for hearing protection and communication in the industrial and military market sectors. (www.sonomax.com)
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. In particular, no assurance can be given as to whether the proposed plan of arrangement with Benvest New Look Income Fund will be completed. 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.
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For further information: Nick Laperle, President & CEO, Sonomax Technologies Inc., M.: (514) 889-7674, [email protected]; TSX.V:SHH
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