7digital Group PLC DTS automotive audio contract

TIDM7DIG

7digital Group PLC

20 February 2017

20 February 2017

7digital Group plc

("7digital" or "the Company")

DTS automotive audio contract

7digital (AIM:7DIG), the global leader in end-to-end digital music solutions, announces that it has signed a deal with DTS, a pioneer in audio solutions for automotive, mobile devices, home theatre systems and cinema.

The Company has been contracted to partner with DTS, a wholly owned subsidiary of Tessera Holding Corporation, on the development of new high-resolution audio solution prototypes for the automotive market. DTS currently provides dashboard-mounted audio for several leading brands and its portfolio of technology is currently integrated in more than two billion devices globally.

This deal is a significant move for 7digital into the in-car vertical, and connects the Company with third party automotive manufacturers for whom the prototypes are being developed.

The deal will contribute to 7digital's revenues for 2017.

ENDS

Enquiries:

 
                                                 020 7099 
 7digital Group                                   7777 
 Simon Cole, Chief Executive 
 Matt Honey, Chief Financial Officer 
  Holly Ashmore, PR Manager 
 
 
   finnCap (nominated adviser and                  020 7220 
   broker)                                         0500 
 Geoff Nash / Carl Holmes - Corporate 
  Finance 
 Malar Velaigam / Mia Gardner 
  - Corporate Broking 
 
 
   Weber Shandwick (financial PR 
   agency) 
   Nick Oborne - [e-mail] 
   Tom Jenkins - TJenkins@ webershandwick.com 
                                                   020 7067 
   About 7digital (http://about.7digital.com)      0000 
 

7digital is the global leader in end-to-end digital music solutions. The core of its business is the provision of robust and scalable technical infrastructure and extensive global music rights used to create music streaming and radio services for a diverse range of customers - including consumer brands, mobile carriers, broadcasters, automotive systems, record labels and retailers. 7digital also offers radio production and music curation services, editorial strategy and content management expertise.

7digital fosters industry growth and innovation by simplifying access to music for clients such as Onkyo, Fnac, Musical.ly, Global Radio and E.Leclerc. From years of being the largest independent producer of programming for the BBC, launching Radioplayer in multiple territories, and powering services for partners like HMV, Electric Jukebox and Panasonic, 7digital is perfectly positioned to lead innovation at the intersection of digital music and next-generation radio services.

About DTS (http://www.dts.com)

Since 1993, DTS, Inc., a wholly owned subsidiary of Tessera Holding Corporation (Nasdaq: TSRA), 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.

This information is provided by RNS

The company news service from the London Stock Exchange

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February 20, 2017 02:01 ET (07:01 GMT)