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Contract Wins and Joint Ventures

7digital clinches deal with DTS

20 February 2017 09:39

7digital has signed a deal with DTS, a pioneer in audio solutions for automotive, mobile devices, home theatre systems and cinema.

7digital 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.

7digital said the deal was a significant move for it into the in-car vertical, and connected the company with third party automotive manufacturers for whom the prototypes were being developed.

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

At 9:39am: (LON:7DIG) 7digital Group Plc share price was +0.38p at 7.75p

Story provided by StockMarketWire.com

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