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News Breaks | | | | January 17, 2013 | | 09:02 EDT |  | PAMT | Parametric Sound responds to recent law firm press release
Parametric Sound in response to yesterday's press release by a New York law firm has been advised that the press release is one of many similar "investigation" announcements by the law firm targeting many companies. The board believes that approval of the 2012 Stock Option Plan Amendment, as described in the company's proxy statement, is in the best interests of the company and its stockholders. | |
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News For PAMT From The Last 14 Days Check below for free stories on PAMT the last two weeks. |
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| June 13, 2013 | | 14:02 EDT | | PAMT | Parametric Sound says in exclusive talks with strategic partner
Parametric Sound provided an update regarding its previously announced review of strategic alternatives. The company reported May 2 that it had received a term sheet from a leader in one of its target verticals, was undergoing due diligence and was also reviewing strategic alternatives from additional parties. "The strategic party's technology diligence phase has been completed and demonstrated positive results regarding our patents and IP, technology, products, markets and consumer preferences. The review process has also validated our findings regarding the substantial improvement in hearing and clarity by persons with hearing loss. We have now moved to an exclusive negotiating period and we are working on definitive agreement terms and conditions. While this strategic alternative is being considered, we are executing on our operational plan to grow commercial revenues, develop and co-develop products for consumer licensing, and develop applications of our technology for the aging and hearing impaired markets," the company said. | |
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