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Design Win with World's Largest Speaker Company

2 Sep 2016 07:00

RNS Number : 7592I
Toumaz Limited
02 September 2016
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For immediate release

2 September 2016

Toumaz Limited("Toumaz" or "the Group")

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First Design Win for Toumaz's Google Cast Solution

with World's Largest Speaker Company

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Toumaz (AIM: TMZ), a pioneer in digital radio and smart audio technologies, today announces that Frontier Silicon, the Group's consumer audio business, has been chosen by Harman International Industries, the world's leading provider of wireless home audio devices ("Harman"), to power its new Google Cast-enabled wireless home speaker, the JBL Playlist.

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This is the first design win for the Group's Minuet speaker toolkit, a design platform enabling audio manufacturers, such as Harman, to develop wireless speakers incorporating Google Cast quickly and cost-effectively.

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Google Cast is a new audio technology which enables wireless speakers to stream over 150 online music services, such as Spotify and Pandora, via Wi-Fi. Frontier Silicon is one of a very small number of solution providers chosen by Google to develop this technology. As this initial design win with the world's largest speaker company demonstrates, Toumaz is well placed to capitalise on this opportunity.

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The JBL Playlist is a wireless home speaker which allows users to stream cloud-based music services and radio from smartphones, tablets or laptops. The JBL Playlist speakers also offer multi-room capability, so that consumers can listen to music throughout their homes from multiple synchronised speakers. The speakers are interoperable with other Google Cast devices. The JBL Playlist will be available from retailers in Q4 2016.

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Anthony Sethill, CEO, Frontier Silicon, said:

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"Just over a year ago we announced we were working with Google on its Cast technology. Google Cast promises to be a game changer for the smart audio sector and we are delighted that our first product announcement is with the world's largest speaker company, Harman. This is the first of several design wins to be announced in the coming months and an indication of the exciting potential of our high growth Smart Audio division."

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Robb Mason, Senior Director, Connected Home Harman, said:

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"The incorporation of Google Cast into the JBL Playlist brings listeners unrivalled Wi-Fi access to a host of online music services. We chose Frontier Silicon for this project because of its high level of customer support and ability to deliver robust technology solutions. The Frontier Silicon relationship has enabled us to produce a high quality, attractively priced speaker in time for this year's holiday season."

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Enquiries:

Toumaz Group

Anthony Sethill, Chief Executive Officer

Tel: +44 (0) 20 7391 0630

Jonathan Apps, Chief Financial Officer

Web: www.frontier-silicon.com

Email: press@frontier-silicon.com

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Peel Hunt LLP (Nominated Adviser and Broker)

Richard Kauffer / Euan Brown

Tel: +44 (0) 20 7418 8900

Buchanan

Sophie McNulty / Henry Harrison-Topham / Stephanie Watson

Tel: +44 (0) 20 7466 5000

Toumaz@buchanan.uk.com

www.buchanan.uk.com

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About Toumaz Limited

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Toumaz Limited is a pioneer in digital radio and smart audio technologies, providing chips, modules and software for consumer electronic devices. For further information, please visit www.toumaz.comΒ 

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This information is provided by RNS
The company news service from the London Stock Exchange
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END
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