GRASS VALLEY, CA--(Marketwired - Jun 10, 2016) - Simlatus Corporation (OTC PINK: SIML) announces today that it has received new orders from their distributors, and is recruiting a new marketing manager to head-up the export division for the company.
Mike Schatz, Chief Operations Officer, stated, "We have received a sales order from our New York based distributor, Dale Pro Audio, to ship SoundPal power supplies to the Fox News Quartermaster Corps in New York. Fox News has been a steady customer of our product line and we continue to build relationships with our client based major broadcast networks. Further, our New Jersey based Distributor, Diversified Systems, Inc., has purchased our SoundPal systems for the New Jersey based DSI Video Systems. The SoundPal MSRP is $1,255 each."
The SoundPal is the DTG-1, and an economical source of a variety of audio test signals that are generated entirely in the digital domain and output in the AES/EBU format. It is used in the studio as a reference tone generator or on the bench as a troubleshooting tool. Rugged, compact, and capable of running off battery power, the DTG-1 is also ideal for portable applications. The DTG-1 has internal oscillators for both 44.1 and 48kHz sample rates, or it may be locked to an external reference. The DTG-1 has all the adjustments needed to make isolation of digital transmission problems simple and easy to find. Like all of the modules in the SoundPals™ line, the DTG-1 is housed in a compact, rugged aluminum enclosure.
As a complement to the SoundPal, the Company is designing the new SyncPal for deliveries in 2017. With over 10,000 TV Broadcast Stations in the USA alone, according to the FCC's 2013 census, our SyncPal is priced to move at a low cost of $3,299. We are targeting 30% of our major customers who already own some of our products and this opens a new revenue stream of nearly $30M for 2017-2018. We expect our global distributors to target Europe, Asia, South America, Canada, Mexico and Australia which would be an additional revenue stream for the company.
SyncPal was developed a result of a phenomenon that can occur in television broadcasting called "out of lip-sync." This happens when the sound of the announcer's voice reaches your ears before the movement of his lips reaches your eyes. This can be corrected by adjusting the delay of the sound until the voice and lip movement are "in sync." In High-Definition broadcasting, a majority of times the audio signal is embedded (or buried) into the video signal for transmission between the originating source and the TV station. Multiple signal processing of the video portion of the combined signals can cause this video delay. The Simlatus' SyncPal has been specifically designed to allow the broadcaster to make this video-to-audio adjustment.
Simlatus has 55 proprietary products that they own and manufacture in Northern California, and sell through a distribution network. These products are commercial broadcast equipment systems, inclusive of Protection Switches, HD Routers, Analog Routers, Router Control panels, SoundPals and Audio Distribution systems used by CBS, NBC, ABC, FOX, ESPN and DirecTV, as well as hundreds of other smaller broadcast networks. You can visit all of our products and distributor at www.simlatus.com.
Safe Harbor for Forward-Looking Statements: This news release includes forward-looking statements. While these statements are made to convey to the public the company's progress, business opportunities and growth prospects, readers are cautioned that such forward-looking statements represent management's opinion. Whereas management believes such representations to be true and accurate based on information and data available to the company at this time, actual results may differ materially from those described. The Company's operations and business prospects are always subject to risk and uncertainties. Important factors that may cause actual results to differ are and will be set forth in the company's periodic filings with the U.S. Securities and Exchange Commission.