Calabasas-based DTS Inc. has formed a global partnership with a Korean smartphone maker to provide audio technology for the firm’s products, the Valley company announced Monday.
DTS’ audio technology, which will be available on Pantech’s products worldwide, including its smart phones and other mobile handset devices, will be offered through a multi-year license agreement between the two firms, according to a news release announcing the deal.
“Today’s consumers demand high-quality audio, not just in their homes and cars, but on every device they consume entertainment content,” DTS chief operating officer Brian Towne said in a statement.
DTS has historically hitched its growth to the DVD home theatre market, however the demand for “high quality entertainment” is expanding beyond the home and “into the car audio, personal computer, portable electronics, online networked devices, broadcast, video game console, mobile handset and tablet markets, as well,” DTS said in its third quarter filing.
Although profit and revenue decreased in the third quarter, DTS has seen growth over the year. During the first nine months, revenue has increased nearly 13 percent to $67.9 million and profit has jumped 13 percent to $11.2 million when compared with last year.