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| MELVILLE, N.Y., Feb. 8
/PRNewswire/ -- Andrea Electronics Corporation (Amex: AND - news) announced today that
Voyetra Turtle Beach, Inc. has agreed to purchase Andrea Electronics' patented Digital
Super Directional Array (DSDA(TM)) microphone and digital speech enhancement software
technologies to operate with the next generation Turtle Beach proprietary digital signal
processor (DSP) based Santa Cruz sound cards. Pursuant to the terms of the agreement,
Andrea Electronics will supply differentiating microphone technology and Turtle Beach will
act as the marketing and distribution arm to its original equipment manufacturer (OEM) and
retail customer base, providing end-users a high-quality audio input processing solution
for various speech-centric applications. Andrea Electronics and Turtle Beach will also
dedicate product development resources toward the integration of Andrea Electronics'
AudioCommander(TM) microphone control software with Turtle Beach's sound card user
interface. In addition, the two companies will work together to incorporate versions of
Andrea Electronics' proprietary digital software algorithms powered by either a Pentium®
processor or the Santa Cruz DSP sound card. ``We are pleased to team with Andrea Electronics to create solutions that will offer Turtle Beach's customers the highest quality multimedia audio experience,'' said Carmine J. Bonanno, President and Chief Executive Officer of Voyetra Turtle Beach, Inc. ``Combining the strengths of Turtle Beach's sound card technology, strong distribution and brand recognition with Andrea Electronics' unique audio processing technologies will enable the two companies to offer high performance speech processing solutions to our OEM and retail channels.'' ``This agreement with Voyetra Turtle Beach demonstrates the scalability of Andrea's digital audio input technologies,'' said Joseph Marash, Chief Technology Officer of Andrea Electronics Corporation. ``We look forward to a growing relationship with Voyetra Turtle Beach whereby we will continue to merge products with technologies that will serve to change the landscape of high fidelity audio input processing.'' Andrea Electronics Corporation designs, develops and manufactures audio technologies and equipment for enhancing applications that require high performance and high quality voice input. The Company's patented Active Noise Reduction (ANR READY®) earphone, Active Noise Cancellation (ANC) near-field microphone, patented Digital Super Directional Array (DSDA(TM)) and patent-pending Directional Finding and Tracking Array (DFTA(TM)) far-field microphone technologies enhance a wide range of audio products to eliminate background noise and ensure the optimum performance of voice applications. Applications for the Company's technologies include: speech recognition programs, Internet telephony, video/audio conferencing, automobile PCs, home automation systems, hand-held devices and multiplayer online games, among others. OEM and software publisher customers and strategic partners of Andrea Electronics' include: IBM Corporation, Intel Corporation, Clarion Corporation of America, Microsoft Corp., Lernout & Hauspie, Audio Technica, VCON Telecommunications, Cygnion Corporation, J. D'Addario & Co., Lotus Development Corporation, Mpath, IDT/Net2Phone and ILINC, among others. Visit Andrea Electronics' website at http://www.AndreaElectronics.com. Voyetra Turtle Beach is one of the world's leading PC audio solutions provider, working with more than 150 leading manufacturers, distributors, and retailers such as Dell Computer Corp., IBM, Compaq, Gateway, Navarre, Ingram Micro, CompUSA, Cyberian Outpost, America Online, and Best Buy. In addition to its OEM and retail sales, Voyetra Turtle Beach makes its entire line of products available directly to consumers via its e-commerce website at http://www.Turtlebeach.com and customer service center at 800-233-9377 or 914-966-0600. This press release may contain ``forward-looking statements'' within the meaning of the Private Securities Litigation Reform Act of 1995. The words ``anticipates,'' ``believes,'' ``estimates,'' ``expects,'' ``intends,'' ``plans,'' ``seeks,'' variations of such words, and similar expressions are intended to identify forward-looking statements. These statements are not guarantees of future performance and involve matters that are subject to certain risks, uncertainties and assumptions that are difficult to predict, including economic, competitive, governmental, technological and other factors, that may affect the business and prospects of Andrea Electronics Corporation (the ``Company''). The Company cautions investors about the following significant factors, which, among others, have in some cases affected the Company's actual results and are in the future likely to affect the Company's actual results and could cause them to differ materially from those expressed in any forward- looking statements: the rate at which Andrea Anti-Noise, DSDA, DFTA and other Andrea technologies are accepted in the marketplace; the competitiveness of Andrea Anti-Noise, DSDA, DFTA and other Andrea products in terms of technical specifications, quality, price, reliability and service; the sufficiency of the Company's funds for research and development, marketing and general and administrative expenses; infringement and other disputes relating to patents and other intellectual property rights held or licensed by the Company or third parties; and the Company's continuing ability to enter and maintain collaborative relationships with other manufacturers, software authoring and publishing companies, and distributors. No assurance can be given that the Company will achieve any material sales or profits from the products introduced in this release. These and other similar factors are discussed under the heading ``Cautionary Statement Regarding Forward-looking statements'' included in the Management's Discussion and Analysis of Financial Condition and Results of Operations in the Company's Annual Report on Form 10- K and in the Company's Annual Report to shareholders, and in documents subsequently filed by the Company with the Securities and Exchange Commission. ``Andrea Anti-Noise,'' ``ANR Ready,'' ``DSDA,'' DSDA-PRO,`` ''DFTA,`` ''SuperBeam`` and ''Desktop Array`` are trademarks of Andrea Electronics Corporation or an Andrea Electronics Corporation subsidiary. SOURCE: Andrea Electronics Corporation |
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