3/14/2003 - Peak Audio, the Commercial Audio Products business of Cirrus Logic, Inc. (Nasdaq: CRUS), announces that a CobraNetTM Licensing Agreement has been reached with Innovative Electronic Designs, Inc. (IED).
IED is a leading manufacturer of commercial audio systems and communication systems for airports, convention centers and large industrial facilities.
“We see this relationship as a very natural synergy,” stated Rich Zwiebel, vice president of Commercial Audio Products, Cirrus Logic. “IED is well known for large, distributed audio systems, and our CobraNet technology fits nicely into that application. We have high regard for the work that IED has done over the years and look forward to working with IED on projects that will utilize CobraNet technology.”
“We are impressed with the technology and services offered by Peak Audio,” said Hardy Martin, president of IED, “and look forward to the opportunity to integrate CobraNet technology and expand IED’s capabilities further.”
Cirrus Logic acquired the assets of Peak Audio, a leading provider of audio networking solutions, in 2001. CobraNet, developed and marketed by Peak, is the professional audio industry’s leading technology for distributing uncompressed, real-time, digital audio over a Fast Ethernet network.
Cirrus Logic, Inc.
Cirrus Logic, Inc., is a premier supplier of high-performance analog and DSP chip solutions for consumer entertainment electronics that allow people to see, hear, connect, and enjoy digital entertainment. Building on its global market share leadership in audio integrated circuits and its rich mixed-signal patent portfolio, the company targets mainstream audio, video and Internet entertainment applications in the consumer entertainment market. Cirrus operates from headquarters in Austin, Texas, and major sites located in California and Colorado, as well as offices in Europe, Japan and Asia.
Cirrus Logic and CobraNet are trademarks of Cirrus Logic, Inc.
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