Digital audio technology specialist DTS is to establish its European headquarters at the National Technology Park, at Limerick in the Republic of Ireland. The new company – DTS Licensing Limited (DLL) - will serve as DTS’ European headquarters, with responsibility for licensing, management, administration, business development, marketing, sales, finance and potentially research and development and engineering.

Founded in 1993, DTS is headquartered in Agoura Hills, California and has offices in Canada, China, France, Hong Kong, Ireland, Japan, South Korea, Taiwan and the United Kingdom. DTS decoders are in virtually every major brand of 5.1-channel surround processor, and there are hundreds of millions of DTS-licensed consumer electronics products available worldwide.

DTS’ balance sheet is seeing a big boost from Blu-ray Disc hardware using the company's audio technology. The company's third-quarter revenue was up to $13.9 million, compared with $10.7 million during the same period last year, with profits up to $2 million, compared with $840,000 during the same period of 2007.

"We are pleased with our final results for the quarter, coming in at the high end or above the preliminary results we announced on 15 October," commented Jon Kirchner, president and CEO of DTS. "With declining prices and wider availability of Blu-ray products, we are keenly interested in seeing retail sales results for this year's holiday season.

The company says that, overall, it remains cautious about the near-term industry outlook, but it continues to believe in the long-term prospects for the Blu-ray format and for its business.

Story filed 02.12.08