7digital Group PLC DTS automotive audio contract
February 20 2017 - 1:01AM
RNS Non-Regulatory
TIDM7DIG
7digital Group PLC
20 February 2017
20 February 2017
7digital Group plc
("7digital" or "the Company")
DTS automotive audio contract
7digital (AIM:7DIG), the global leader in end-to-end digital
music solutions, announces that it has signed a deal with DTS, a
pioneer in audio solutions for automotive, mobile devices, home
theatre systems and cinema.
The Company has been contracted to partner with DTS, a wholly
owned subsidiary of Tessera Holding Corporation, on the development
of new high-resolution audio solution prototypes for the automotive
market. DTS currently provides dashboard-mounted audio for several
leading brands and its portfolio of technology is currently
integrated in more than two billion devices globally.
This deal is a significant move for 7digital into the in-car
vertical, and connects the Company with third party automotive
manufacturers for whom the prototypes are being developed.
The deal will contribute to 7digital's revenues for 2017.
ENDS
Enquiries:
020 7099
7digital Group 7777
Simon Cole, Chief Executive
Matt Honey, Chief Financial Officer
Holly Ashmore, PR Manager
finnCap (nominated adviser and 020 7220
broker) 0500
Geoff Nash / Carl Holmes - Corporate
Finance
Malar Velaigam / Mia Gardner
- Corporate Broking
Weber Shandwick (financial PR
agency)
Nick Oborne - NOborne@webershandwick.com
Tom Jenkins - TJenkins@ webershandwick.com
020 7067
About 7digital (http://about.7digital.com) 0000
7digital is the global leader in end-to-end digital music
solutions. The core of its business is the provision of robust and
scalable technical infrastructure and extensive global music rights
used to create music streaming and radio services for a diverse
range of customers - including consumer brands, mobile carriers,
broadcasters, automotive systems, record labels and retailers.
7digital also offers radio production and music curation services,
editorial strategy and content management expertise.
7digital fosters industry growth and innovation by simplifying
access to music for clients such as Onkyo, Fnac, Musical.ly, Global
Radio and E.Leclerc. From years of being the largest independent
producer of programming for the BBC, launching Radioplayer in
multiple territories, and powering services for partners like HMV,
Electric Jukebox and Panasonic, 7digital is perfectly positioned to
lead innovation at the intersection of digital music and
next-generation radio services.
About DTS (http://www.dts.com)
Since 1993, DTS, Inc., a wholly owned subsidiary of Tessera
Holding Corporation (Nasdaq: TSRA), has been dedicated to making
the world sound better. Through its pioneering audio solutions for
mobile devices, home theater systems, cinema, automotive and
beyond, DTS provides incredibly high-quality, immersive and
engaging audio experiences to listeners everywhere. DTS technology
is integrated in more than two billion devices globally, and the
world's leading video and music streaming services are increasingly
choosing DTS to deliver premium sound to their listeners'
network-connected devices. For more information, please visit
www.dts.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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February 20, 2017 02:01 ET (07:01 GMT)
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