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4-Traders Homepage  >  Equities  >  Nasdaq  >  DTS Inc.    DTSI

End-of-day quote. End-of-day quote  - 09/23
42.69 USD   -0.26%
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DTS Inc. : Chinese Auto Manufacturer BYD Features Latest Models Equipped with DTS Digital Surround?

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05/23/2013 | 02:05pm CEST

Four Models of 2013 BYD Vehicles to Provide DTS' Latest Multi-Channel Audio Technology

DTS, Inc. (NASDAQ: DTSI), a pioneer in next generation ultra high-definition audio solutions and audio enhancement technologies, today announced further collaboration with BYD, a rapidly-growing automotive and green-energy technology company in China, to expand implementation of DTS Digital Surround? into four models of BYD vehicles, set to launch in China in Q2 2013.

"We are thrilled to be able to offer BYD drivers the ability to enjoy a superior audio entertainment experience from the convenience of their automobile," said Mr. Wang Chuanfu, chairman and president of BYD. "With this integration, we continue our focus on partnering with top-tier companies. This latest integration underscores the value that BYD provides to drivers looking to enjoy multi-channel audio while on the road."

DTS' existing alliances enable BYD owners to enjoy high-definition audio content when listening to the Guangzhou Broadcasting Network (GZBN) and Anhui FM radio stations in their vehicles. DTS Digital Surround is an advanced audio codec designed to deliver high-quality surround sound with greater frequency response and dynamic range.

"With this strategic integration, we are expanding our roster of automobile manufacturers in China who are looking to incorporate DTS-powered multi-channel audio systems into vehicles," said George Wu, general manager, DTS China. "This marks another milestone for DTS as we continue to expand the adoption of DTS audio technologies in the automotive industry."

"DTS prides itself on offering superior surround sound technologies that create an immersive and engaging entertainment experience for consumers on-the-go," said Brian Towne, executive vice president and chief operating officer at DTS. "BYD's adoption of DTS' premium audio technologies into additional vehicles enhances customer satisfaction, and exemplifies the company's dedication to high-quality vehicles."

DTS Digital Surround will be featured in the G6, S6, Sirui and Surui BYD models. For more information about DTS, please visit www.dts.com, or connect with DTS on Facebook and Twitter (@DTS_Inc).

About DTS, Inc.

DTS, Inc. (Nasdaq: DTSI) is a premier audio solutions provider for high-definition entertainment experiences--anytime, anywhere, on any device. DTS' audio solutions enable delivery and playback of clear, compelling high-definition audio which is incorporated by hundreds of licensee customers around the world, into billions of consumer electronic devices. From a renowned legacy as a pioneer in high definition multi-channel audio, DTS became a mandatory audio format in the Blu-ray Disc standard and is now increasingly deployed in enabling digital delivery of compelling movies, music, games and other forms of digital entertainment to a growing array of network-connected consumer devices. DTS technology is in automotive audio systems, digital media players, DVD players, game consoles, home theaters, PCs, set-top boxes, smartphones, surround music content and every device capable of playing Blu-ray discs. Founded in 1993, DTS' corporate headquarters is located in Calabasas, California with its licensing operations headquartered in Limerick, Ireland. DTS also has offices in Los Gatos and Santa Ana, California, Washington, China, France, Hong Kong, Japan, Singapore, South Korea, Taiwan and the United Kingdom. Copyright 2013, DTS, Inc. DTS, the Symbol, and DTS and the Symbol together are registered trademarks of DTS, Inc. All other trademarks are the properties of their respective owners. All rights reserved.

DTS-C

DTS, Inc.
Michael A. Farino
949-442-5404
Michael.Farino@dts.com


© Business Wire 2013
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Financials ($)
Sales 2016 188 M
EBIT 2016 62,0 M
Net income 2016 12,8 M
Debt 2016 32,0 M
Yield 2016 0,82%
P/E ratio 2016 60,41
P/E ratio 2017 40,66
EV / Sales 2016 4,17x
EV / Sales 2017 3,76x
Capitalization 753 M
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Mean consensus HOLD
Number of Analysts 6
Average target price 41,9 $
Spread / Average Target -1,9%
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NameTitle
Jon E. Kirchner Chairman & Chief Executive Officer
Melvin L. Flanigan CFO & Executive Vice President-Finance
Frederick Lee Kitson Chief Technology Officer & Executive VP
V. Sue Molina Independent Director
L. Gregory Ballard Independent Director
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