ANAGRAM Technologies reduces holdings in Orpheus Laboratories
Preverenges, Switzerland. - Nov 1, 2005 - ANAGRAM Technologies SA, a leading innovator of digital audio synchronisation and conversion technologies, today announced that is has reduced its investment in Orpheus Laboratories Sarl through an increase of capital to become a minority shareholder. ANAGRAM also relinquished all management responsibilities to the new investors that took over operations since the 22nd of August 2005. To reflect these new management changes, Orpheus Laboratories Sarl is now operating under the new name of Orpheus Media Sarl.
“This transaction reinforces our commitment to strengthening our core business: developing high performance audio converter products,” said Thierry Heeb, Chief Executive Officer of ANAGRAM. “Foregoing the management responsibilities of Orpheus will allow us to concentrate entirely on bringing world class digital audio solutions to market, while delivering greater added value services to our clients. We are now 100% focused on what we do best.”
Thierry further added, “Orpheus is a world class brand in the high end consumer audio market with a very strong representation in Asia. We look forward to working with the new management and intend to maintain a strong commercial relationship with Orpheus Media.”
Vincent Fuentes, Marketing and Sales Director at Orpheus Media Sarl, commented: “We are very pleased to have this opportunity to take over such a high quality brand as Orpheus. We believe there is a strong potential to build upon the already respected digital source products of Orpheus and we will continue in the Swiss tradition of building world class audio products. ”
About Orpheus Media Sarl
ORPHEUS Media Sarl is dedicated to providing its audiophile customers with the highest standards in sound reproduction using vanguard proven technologies. ORPHEUS Media products are designed and manufactured in Switzerland with the highest quality standards. Each single unit undergoes extensive testing and burn-in period before its delivery. The products have an open and compatible architecture and are also designed to be added to or integrated in existing systems.
Additional information is available at http://www.orpheuslab.com.
About ANAGRAM Technologies SA
ANAGRAM Technologies SA is a high technology start-up located on the shores of Lake Geneva, Switzerland. It specialises in the design of digital audio solutions based on innovative signal processing algorithms and systems. It licenses digital audio IP blocks for the professional and consumer audio markets and delivers industry leading reference designs and ODM services for OEMs.
Key to its success is the design of advanced high performance audio algorithms that simplify system architecture, reduce system costs, and are compatible with all audio formats. Its flagship Q5™ Upsampling technology has already achieved significant breakthroughs in terms of cost and performance and its DSS™ Synchronisation technology is unmatched in converting between digital and analog domains.
Additional information is available at http://www.anagramtech.com.
Q5™, and DSS™ are trademarks or registered trademarks of ANAGRAM Technologies SA. All other trademarks mentioned are the property of their respective owners.
ANAGRAM TECHNOLOGIES SA : Timothy Llewellynn
+41 21 804 1960
ORPHEUS MEDIA Sarl : Vincent Fuentes
+41 24 423 9088
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- ANAGRAM Technologies
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