NEWS & REVIEWS
SMSC's Industry Leading KleerNet™ Technology Puts Monster's New Wireless Audio Streaming Systems in a Class of Their Own!
Las Vegas, NV - January 9, 2012
(NASDAQ: SMSC), a leading semiconductor company enabling content rich connectivity systems, and Monster, a global leader in high-performance headphones, connectivity solutions and A/V accessories, announced a collaboration in which SMSC's KleerNet™ technology is enabling streaming wireless audio in Monster's new Streamcast Bluetooth and HD connectivity systems. SMSC will demonstrate its wireless audio
family of products at the Consumer Electronics Show
in Las Vegas from January 10 - 13, 2012 at Booth # MP25766
in the South Hall 2 Meeting Place and at the Hilton Hospitality Suites
. Monster will showcase its technology at Booth #s 13004
in the Central Hall.
Monster's breakthrough StreamCast HD Transmitter and Receiver Kit (SRP: $189.95) is a proprietary system that lets users send four separate channels (streams) of music to up to 12 rooms (zones) within the home. Any one of the four sources can be selected for each room via a single push button on the receiver module or by using a smartphone or tablet via the StreamCast App. Additional Receiver Modules may be purchased for a suggested retail price of $99.95, and additional Transmitters may be purchased for a suggested retail price of $79.95. The StreamCast HD kit works with all Monster audio products with the StreamCast wireless port, such as the company's ClarityHD™ Model One High Definition Multi-Media Speaker Monitor (SRP: $749.95/pair).
SMSC's KleerNet wireless audio technology is built on an industry-leading expertise for streaming uncompressed digital wireless audio operating at both 2.4 GHz and 5 GHz bands. This digital audio transmission technology makes it possible to detect and correct transmission errors before they reach the listening device using SMSC's specialized Wireless DNA™ Detect 'n Avoid RF monitoring techniques. These techniques use a sniff and avoid mechanism for excellent audio transmission and manage the interference commonly associated with other RF devices such as Wi-Fi®, Bluetooth® and microwave ovens. Monster and SMSC have worked closely together to bring robust, interference-free wireless audio speaker solutions to market that enable home owners to place speakers around the home without having to worry about running audio cables across the floor. SMSC solutions also enable consumers to walk around the house wearing wireless headphones with their favorite music following them. Monster's unique use cases fully leverage KleerNet's extensive application capabilities enabling consumers to easily expand and configure their listening devices to best suit their needs. KleerNet interoperability allows consumers to use these products with other KleerNet sources they come in contact with, whether their own or those that belongs to someone else.
"SMSC and Monster have collaborated to take wireless audio to the next level as it launches its Streamcast Bluetooth and HD wireless systems, its first wireless audio solutions," said Christine King, President & Chief Executive Officer of SMSC. "With the power of SMSC's KleerNet technology, the Streamcast solutions deliver a low power, uncompressed, high fidelity audio experience for wireless speakers and docks."
Noel Lee, the Head Monster, noted: "Monster's top priority is helping people achieve dramatically better sound quality in all their music listening. We are also committed to utilizing the world's most advanced technologies so that people can easily access and enjoy the benefits of 'higher definition' listening in ways that suit their particular lifestyle. For more and more people these days, that lifestyle includes wireless audio networking. With SMSC's KleerNet™ technology in our Streamcast Bluetooth and HD connectivity systems, our customers will be able to enjoy the full range of uncompressed higher-definition audio throughout your home without wires, so they will never have to compromise on great sound, wherever they are!"
KleerNet is a complete hardware and software solution that enables wireless audio in home and portable consumer electronics products and features interoperability across products and brands. KleerNet-compatible products allow users to recognize and pair with other KleerNet products to access and stream multiple music sources, speakers or headphones, creating a versatile and comprehensive platform. SMSC has leveraged seven generations of our proven, DARR high-performance wireless audio technology, successfully deployed in many consumer products worldwide, with extensive application software development to create the robust and interoperable KleerNet application. The KleerNet software platform provides high-quality, uncompressed, low-latency, multi-channel wireless audio that supports a wide variety of applications in the PC, gaming and home audio markets.
Monster is the world's leading manufacturer of premium headphones and advanced connectivity solutions for high-performance home entertainment, audio, home theater, computer and gaming, as well as a leading innovator in the field of mobile accessories and professional audio. The company was founded by Head Monster Noel Lee more than 30 years ago with a commitment to creating products that literally "make music sound better" and it has continued to expand and diversify ever since. Under its Monster Cable® brand, the company leads the way in advanced audio, video, and data connectivity solutions, and under the Monster Power® brand, it provides high-performance AC power line conditioning and protection products for audio/video systems. Monster continues to lead in innovation with over 350 U.S. and international patents and 100 pending, offering more than 6,000 products in over 120 countries worldwide.
SMSC is a leading developer of Smart Mixed-Signal Connectivity™ solutions. SMSC employs a unique systems level approach that incorporates a broad set of technologies and intellectual property to deliver differentiating products to its customers. The company is focused on delivering connectivity solutions that enable the proliferation of data in personal computers, automobiles, portable consumer devices and other applications. SMSC's feature-rich products drive a number of industry standards and include USB, MOST® automotive networking, Kleer® and JukeBlox® wireless audio, embedded system control and analog solutions, including thermal management and RightTouch® capacitive sensing. SMSC is headquartered in New York and has offices and research facilities in North America, Asia, Europe and India. Additional information is available at www.smsc.com
Forward Looking Statements
Except for historical information contained herein, the matters discussed in this announcement are forward-looking statements about expected future events and financial and operating results that involve risks and uncertainties. These uncertainties may cause our actual future results to be materially different from those discussed in forward-looking statements. Our risks and uncertainties include the timely development and market acceptance of new products; the impact of competitive products and pricing; our ability to procure capacity from our suppliers and the timely performance of their obligations, commodity prices, interest rates and foreign exchange, potential investment losses as a result of liquidity conditions, the effects of changing economic and political conditions in the market domestically and internationally and on our customers; our ability to realize the expected benefits of acquisitions; our relationships with and dependence on customers and growth rates in the personal computer, consumer electronics and embedded and automotive markets and within our sales channel; changes in customer order patterns, including order cancellations or reduced bookings; the effects of tariff, import and currency regulation; potential or actual litigation; and excess or obsolete inventory and variations in inventory valuation, among others. In addition, SMSC competes in the semiconductor industry, which has historically been characterized by intense competition, rapid technological change, cyclical market patterns, price erosion and periods of mismatched supply and demand.
Our forward looking statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations and may not reflect the potential impact of any future acquisitions, mergers or divestitures. All forward-looking statements speak only as of the date hereof and are based upon the information available to SMSC at this time. Such statements are subject to change, and the Company does not undertake to update such statements, except to the extent required under applicable law and regulation. These and other risks and uncertainties, including potential liability resulting from pending or future litigation, are detailed from time to time in the Company's reports filed with the SEC. Investors are advised to read the Company's Annual Report on Form 10-K and quarterly reports on Form 10-Q filed with the Securities and Exchange Commission, particularly those sections entitled "Other Factors That May Affect Future Operating Results" or "Risk Factors" for a more complete discussion of these and other risks and uncertainties.
SMSC, MOST, Kleer, JukeBlox and flexPWR are registered trademarks and Smart Mixed-Signal Connectivity and KleerNet are trademarks of Standard Microsystems Corporation.
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