DTS® Partners With LG Electronics On New LG TONE Studio Wearable Personal Speaker

CALABASAS, Calif., Jan. 4, 2017 /PRNewswire/ -- DTS Inc., a wholly owned subsidiary of Tessera Holding Corporation (NASDAQ: TSRA), and global leader in high-definition audio solutions, is pleased to announce its collaboration with LG on its new wearable personal speaker, the LG TONE Studio (model HBS-W120).

The LG TONE Studio is a neckband-type wearable personal speaker supporting Bluetooth connectivity to TVs and mobile devices. With DTS audio consultation and support, the LG TONE Studio delivers optimal sound balance and details. It creates a personal surround sound experience with four external speakers based on DTS Sound tuning technology. It also features hidden earbuds to provide consumers with an option for a more personal listening experience. The product is scheduled for launch in North America and Korea in the first quarter of 2017.

"This partnership is to be a very exciting and significant collaboration that consumer will experience audio and video content to the next level," said Michael Park, vice president, IPD BD, LG Electronics.

"We're excited to be expanding our collaboration with LG on a broader range of products," said Jea Yoo, president, DTS Korea. "Our goal is to allow more consumers to experience DTS premium sound in various platforms through partnership with CE manufacturers."

For more information about DTS, please visit www.dts.com, or connect with DTS on Facebook, Twitter (@DTS) and Instagram (@DTS).

About DTS, Inc.
Since 1993, DTS, Inc. has been dedicated to making the world sound better. Through its pioneering audio solutions for mobile devices, home theater systems, cinema, automotive and beyond, DTS provides incredibly high-quality, immersive and engaging audio experiences to listeners everywhere. DTS technology is integrated in more than two billion devices globally, and the world's leading video and music streaming services are increasingly choosing DTS to deliver premium sound to their listeners' network-connected devices. For more information, please visit www.dts.com.

About Tessera Holding Corporation
Tessera Holding Corporation is the parent company of Tessera, DTS, FotoNation and Invensas. We are one of the world's leading product and technology licensing companies. Our technologies and intellectual property are deployed in areas such as premium audio, computational imaging, computer vision, mobile computing and communications, memory, data storage, 3D semiconductor interconnect and packaging. We invent smart sight and sound technologies that enhance and help to transform the human connected experience. For more information call +1 408-321-6000 or visit www.tesseraholdingcorporation.com.

Tessera, DTS, FotoNation, Invensas and their respective logos, are trademarks or registered trademarks of affiliated companies of Tessera Holding Corporation in the United States and other countries. All other company, brand and product names may be trademarks or registered trademarks of their respective companies.

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SOURCE DTS, Inc.

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