News Update!
posted on
Jun 14, 2013 08:28AM
Edit this title from the Fast Facts Section
SAN DIEGO, CA--(Marketwired - June 13, 2013) -
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http://www.parametricsound.com |
"The strategic party's technology diligence phase has been completed and demonstrated positive results regarding our patents and IP, technology, products, markets and consumer preferences," said Kenneth F. Potashner, executive chairman of Parametric Sound. "The review process has also validated our findings regarding the substantial improvement in hearing and clarity by persons with hearing loss.
"We have now moved to an exclusive negotiating period and we are working on definitive agreement terms and conditions," continued Potashner. "While this strategic alternative is being considered, we are executing on our operational plan to grow commercial revenues, develop and co-develop products for consumer licensing, and develop applications of our technology for the aging and hearing impaired markets."