Toumaz Limited Design Win with World's Largest Speaker Company

TIDMTMZ

Toumaz Limited

02 September 2016

 
 For immediate release   2 September 2016 
 

Toumaz Limited

("Toumaz" or "the Group")

First Design Win for Toumaz's Google Cast Solution

with World's Largest Speaker Company

Toumaz (AIM: TMZ), a pioneer in digital radio and smart audio technologies, today announces that Frontier Silicon, the Group's consumer audio business, has been chosen by Harman International Industries, the world's leading provider of wireless home audio devices ("Harman"), to power its new Google Cast-enabled wireless home speaker, the JBL Playlist.

This is the first design win for the Group's Minuet speaker toolkit, a design platform enabling audio manufacturers, such as Harman, to develop wireless speakers incorporating Google Cast quickly and cost-effectively.

Google Cast is a new audio technology which enables wireless speakers to stream over 150 online music services, such as Spotify and Pandora, via Wi-Fi. Frontier Silicon is one of a very small number of solution providers chosen by Google to develop this technology. As this initial design win with the world's largest speaker company demonstrates, Toumaz is well placed to capitalise on this opportunity.

The JBL Playlist is a wireless home speaker which allows users to stream cloud-based music services and radio from smartphones, tablets or laptops. The JBL Playlist speakers also offer multi-room capability, so that consumers can listen to music throughout their homes from multiple synchronised speakers. The speakers are interoperable with other Google Cast devices. The JBL Playlist will be available from retailers in Q4 2016.

Anthony Sethill, CEO, Frontier Silicon, said:

"Just over a year ago we announced we were working with Google on its Cast technology. Google Cast promises to be a game changer for the smart audio sector and we are delighted that our first product announcement is with the world's largest speaker company, Harman. This is the first of several design wins to be announced in the coming months and an indication of the exciting potential of our high growth Smart Audio division."

Robb Mason, Senior Director, Connected Home Harman, said:

"The incorporation of Google Cast into the JBL Playlist brings listeners unrivalled Wi-Fi access to a host of online music services. We chose Frontier Silicon for this project because of its high level of customer support and ability to deliver robust technology solutions. The Frontier Silicon relationship has enabled us to produce a high quality, attractively priced speaker in time for this year's holiday season."

Enquiries:

 
 Toumaz Group 
 Anthony Sethill, Chief Executive             Tel: +44 (0) 20 
  Officer                                           7391 0630 
 Jonathan Apps, Chief Financial 
  Officer 
 Web: www.frontier-silicon.com 
  Email: [e-mail] 
 Peel Hunt LLP (Nominated Adviser 
  and Broker) 
 Richard Kauffer / Euan Brown                 Tel: +44 (0) 20 
                                                    7418 8900 
 
 Buchanan 
 Sophie McNulty / Henry Harrison-Topham       Tel: +44 (0) 20 
  / Stephanie Watson                                7466 5000 
 [e-mail]                   www.buchanan.uk.com 
 

About Toumaz Limited

Toumaz Limited is a pioneer in digital radio and smart audio technologies, providing chips, modules and software for consumer electronic devices. For further information, please visit www.toumaz.com

This information is provided by RNS

The company news service from the London Stock Exchange

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September 02, 2016 02:00 ET (06:00 GMT)