developing products to protect hearing and improve listening
Creator of award winning eers custom-fitted earphones
Message: Sonomax® Signs Material OEM Agreement with Leading Audio Brand Altec Lansing
Sonomax Technologies, Inc. (TSXV: SHH), today announced they have reached a material agreement with audio innovator Altec Lansing to feature Sonomax’s patented SonoFit™ technology in Altec Lansing products. The OEM partnership, includes product deliveries as early as August, in time for the holiday period and important contractual minimums over the next 24 months for Sonomax. The partnership will bring together the reputable sound quality Altec Lansing is known for with Sonomax’s patented SonoFit Technology for in-ear earphone solutions. The opening order is for 5,000 earphones and product will be promoted in May at an important European trade show.
With North American and International distribution planned to launch by Q3 2012, the Altec Lansing products featuring SonoFit technology will be designed with the look and feel Altec Lansing customers are accustomed to, with the SonoFit Technology making the custom fit headphones experience possible.
“This technology is a great fit for Altec Lansing’s brand. We are already very active in the earphone market on a global scale, and are happy to add SonoFit to our product line,” said Raleigh Wilson, Co-President of Altec Lansing. “We’re excited to offer our global customers a listening experience custom-fit to their needs.”
“Sonomax is proud to count Altec Lansing as an OEM customer for SonoFit. This partnership enables us to expand the innovation at the heart of the Sonomax brand through their famously well-designed products,” said Nick Laperle, Sonomax’s CEO.
SonoFit, brings together more than twelve patented technologies into a disposable fitting system that delivers a customized earpiece designed to seamlessly interface with any number of application modules such as earphones, hearing protection devices, Bluetooth™ headsets, hearing aids and other in-ear products.
To find out more about SonoFit and the patented fitting technology for custom headphones, please visit: http://sonomax.com/sonofit
About Altec Lansing
Celebrating 75 years of audio excellence and innovation, Altec Lansing is recognized for setting new standards in product design and performance with industry firsts including the first "talkie" film speakers, the first set of desktop computer speakers and the first iPod docking station. Altec Lansing continues to be the first choice for music enthusiasts and audiophiles alike with exceptional audio solutions for the home, on the go, and personal enjoyment. To learn more about Altec Lansing’s unique history and discover the complete line of audio products, visit www.alteclansing.com
About Sonomax Technologies, Inc.
Sonomax® is a leader in the product development, research, and licensing of in-ear technologies. With more than 50 patents and trademarks worldwide, Sonomax’s pioneering innovation includes instant custom-fitting earpieces that deliver the most comfortable, protective and sound-enhancing experience in the world. Poised to become a standard for all in-ear applications, SonoFit™ offers OEM, ODM and aftermarket clients a broader range of opportunities in customized earpieces for the consumer, industrial, military and health markets. Learn more at http://sonomax.com
Connect with Sonomax Technologies, Inc. on Facebook at facebook.com/pages/Sonomax and on Twitter at twitter.com/Sonomax_SHH.
Sonomax also announces that it has received regulatory approval for the issuance of an aggregate of 3,276,000 common shares to two creditors in settlement of debt in an aggregate amount of $163,800. The shares will be issued at a deemed price of $0.05 per share. It is expected that Sonomax will issue the shares on or before April 1, 2012. The shares will be subject to a four-month “hold period” under applicable securities legislation and the policies of the TSX Venture Exchange.
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