Harman Makes Wave in Automotive Industry with Acquisition

7/21/2003 - Harman International Industries, Incorporated (NYSE:HAR) announced the acquisition of Wavemakers Inc. located in Vancouver, British Columbia. Wavemakers Inc. is a leading developer of processors and software algorithms which optimize voice quality and speech recognition in automotive environments.

Bernard Girod, Vice Chairman and Chief Executive Officer commented: "Wavemakers further extends Harman's technology lead in voice-enabled applications in the automotive environment. Combined with Temic Speech Engines and AKG Microphones, Wavemakers will allow Harman to deliver the very best integrated solutions for speech processing and hands- free microphones in the automobile.

Our industry leading technologies now include speech engines, MOST fiber optic networks, hands-free microphones, audio multi-channel signal processing, operating systems, memory-based navigation, digital video, integrated telephone modules, man- machine interface devices (MMI), rear seat entertainment, DVD, state-of-the-art acoustics, and embedded real-time parallel processing. This technology portfolio allows us to deliver the very best integrated infotainment systems in the car and in the home."

Harman International Industries, Incorporated (www.harman.com) is a leading manufacturer of high-quality, high fidelity audio products and electronic systems for the consumer and professional markets. The Company's stock is traded on the New York Stock Exchange under the symbol: HAR.

Wavemakers' ClearStream
In better than real time, Wavemakers' ClearStream speech capture software detects and extracts voice from virtually any audio signal. A high performance solution with minimal memory and processing load impact, ClearStream is the new front-end archetype for voice user interfaces.

For further information, please contact Wavemakers' Director of Sales and Marketing, Richard Sones.

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