EchoStar Renews Multi-Year Licensing Agreement with SRS Labs for TruVolume Volume Leveling Technology

TruVolume Intelligently Regulates Listening Volume Fluctuations; Provides a Comfortable Listening Experience Free of Annoying Loud Commercials

SANTA ANA, Calif.--(BUSINESS WIRE)--SRS Labs, Inc. (NASDAQ: SRSL), officially recognized as one of America’s Greatest Brands and the industry leader in surround sound, audio and voice technologies, today announced that EchoStar, a leading developer of connected device solutions to the digital television industry, has renewed its multi-year contract with SRS Labs to license SRS TruVolume® volume leveling technology within multiple set-top-box models. TruVolume allows users to enjoy television programming, music, movies and other subscription content, free of the annoying volume fluctuations that are normally encountered when switching between sources or channels, and when programming transitions to commercials.

“We aim to deliver products that meet and surpass not just our customers’ requirement but also fulfill expectations of end-user consumers, so, when it came to loading our set-top-boxes with high-demand features, SRS TruVolume was at the top of the list”

“By realizing the significant value of addressing the number-one complaint among TV viewers, EchoStar pioneered the inclusion of our TruVolume technology last year as an available feature of their set-top-boxes in order to deliver consistent, spike free volume at the receiving end of the programming,” said Allen H. Gharapetian, Vice President of Marketing for SRS Labs. “We are excited that we’ll be continuing our partnership with EchoStar and working closer with them to bring TruVolume to more set-top-box models destined for cable and satellite providers.”

SRS TruVolume allows users to enjoy television programming free of the volume fluctuations that occur while channel surfing or as programming shifts to commercials. TruVolume also eliminates the undesirable effects common with traditional Automatic Gain Control (AGC) techniques. Through the application of advanced scientific methods, TruVolume is able to provide a consistent and comfortable volume level for a more enjoyable multimedia experience. TV viewers simply set the volume once to their preferred listening level and the system will maintain that desired level, eliminating the need to constantly adjust the volume.

“We aim to deliver products that meet and surpass not just our customers’ requirement but also fulfill expectations of end-user consumers, so, when it came to loading our set-top-boxes with high-demand features, SRS TruVolume was at the top of the list,” said Mark Jackson, President of EchoStar Technologies LLC. “Our experience with SRS and their TruVolume technology has been very positive. We are confident that our set-top-boxes offer the industry’s most advanced volume leveling solution, capable of effectively and consistently eliminating dips and spikes, allowing viewers to actually enjoy their programming without having to worry about constantly adjusting the volume level on their TVs.”

As the consumer electronics industry’s most popular and prevalent volume leveling solution, SRS TruVolume can be found in over 100 million consumer electronics devices worldwide, including TVs, set-top-boxes, soundbars and PCs. For more information about this announcement, SRS or TruVolume, please contact us at [e-mail] or visit us on Facebook, Twitter and YouTube.

About SRS Labs, Inc.

Founded in 1993, SRS Labs is the industry leader in audio signal processing for consumer electronics across the four screens: TV; PC; Mobile Phones; and Automotive Entertainment Systems. Beginning with the audio technologies originally developed at Hughes Aircraft, SRS Labs holds over 150 worldwide patents and is recognized by the industry as the foremost authority in research and application of audio post processing technologies based on the human auditory principles. Through partnerships with leading global CE companies, semiconductor manufacturers, software developers, and content aggregators, SRS is recognized as the de facto standard in audio enhancement, surround sound, volume leveling, audio streaming, and voice processing technologies. SRS solutions have been included in over two billion electronic products sold worldwide including flat panel HDTVs, AV products, STBs, PCs, mobile phones, and automotive entertainment and telematics systems. For more information, visit www.srslabs.com.

Except for historical information contained in this release, statements in this release, including those by Mr. Gharapetian, may constitute forward-looking statements regarding our assumptions, projections, expectations, targets, intentions or beliefs about future events that are based on management's belief, as well as assumptions made by, and information currently available to, management. While the Company believes that its expectations are based upon reasonable assumptions, there can be no assurances that the Company's goals and strategy will be realized. Numerous factors, including risks and uncertainties, may affect the Company's actual results and may cause results to differ materially from those expressed in forward-looking statements made by or on behalf of the Company. Some of these factors include the acceptance of new SRS Labs’ products and technologies, the impact of competitive products and pricing, the timely development and release of technologies by the Company, general business and economic conditions, especially in Asia, and other factors detailed in the Company's Form 10-K and other periodic reports filed with the SEC. SRS Labs specifically disclaims any obligation to update or revise any forward-looking statement whether as a result of new information, future developments or otherwise.