martphones, and tablets, to stream to Play-Fi enabled products, such as speakers, soundbars, TVs, and home theater systems. Importantly, DTS Play-Fi enables the synchronized streaming of music across multiple speakers directly from a smartphone, tablet, PC or other Play-Fi enabled device over a standard Wi-Fi network to anywhere the Wi-Fi reaches. Play-Fi leverages Wi-Fi's extensive range and capacity to stream audio with bit-for-bit accuracy for a higher quality audio experience. This solution allows the consumer to play music uninterrupted without the various alerts that plague Bluetooth audio playback, while still being able to use the mobile device for calls, text messages, Internet, etc. In addition, Play-Fi provides seamless multi-room, multi-zone audio synchronization, again utilizing standard Wi-Fi capabilities that are built into most mobile devices and an increasing number of homes. Play-Fi is available for mobile devices that utilize the Android, Kindle Fire or iOS operating systems and is also available for the Windows PC platform. Additionally, this solution is licensed to customers in the PC market and would expand into the Home AV and Mobile markets. Play-Fi enabled speakers and receivers are available online and at select retailers through the Phorus, Wren, Polk and Definitive Technology brands. Combined, Headphone:X and Play-Fi are designed to make a compelling use case for the modern connected lifestyle. With its Headphone:X and Play-Fi technologies, consumers can walk into their house, disconnect their headphones or earbuds, and seamlessly send their audio entertainment throughout the home wirelessly over their existing Wi-Fi network. DTS:X—Object-Based Audio The DTS:X audio decoder enables soundbar, home theater system and AVR manufacturers to bring the advanced features of object-based audio to the consumer market, and gives content creators a new approach for the creation of ever more compelling soundtracks. Licensing to Customers The company has two licensing teams, one headquartered in Ireland and one in California, that market its technology directly to consumer electronics product manufacturers and to integrated circuit manufacturers. The company also has customer-focused employees located in the U.S., Europe, China, Japan, South Korea, Taiwan and Singapore. The company sells DTS Play-Fi enabled hardware modules to consumer electronics manufacturers to incorporate its Play-Fi technology into their products. Seasonality of Business The third and fourth quarters are typically the strongest in terms manufacturing output as the company’s technology licensees increase their manufacturing output to prepare for the holiday selling season. The seasonal impact to the company’s business is lessened to a certain extent by the growing number of minimum guarantee arrangements with its customers. Research and Development For the year ended December 31, 2014, the company’s research and development expenses totaled $37.3 million. Competition The company’s competitors include Dolby Laboratories and Fraunhofer Institut Integrierte Schaltungen. History DTS, Inc. was founded in 1990.
dts inc (DTSI:NASDAQ GS)
5220 Las Virgenes Road
Calabasas, CA 91302
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