Parametric Signs Strategic Partnership MOU
Parametric Sound Corporation (Nasdaq: PAMT), a leading innovator of audio products and solutions, today announced that it has signed an MOU to enter into a strategic relationship with Shanghai Industrial Investment Group (SIIG) and Aviation Industry Corporation’s (AVIC) US trade representative Optek Electronics. The MOU has defined four key areas of focus that include a licensing agreement, a manufacturing agreement, a joint product development agreement, and the establishment of a joint venture to address the Chinese market. The Chinese market is now one of the largest markets for consumer electronics products.