Comhear Announces Closing $8,700,000 Convertible Debt Financing

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Investment is validation of the company’s HD audio capabilities.

Comhear, Inc., an award winning audio technology company, today announced it has recently completed a financing of a $8.7 million in convertible debt. This round of funding completed the product design and prepared MyBeam technology for commercialization in both the professional audio video and consumer markets. This brings the total raised to $14 million.

Perry Teevens, CEO of Comhear, said, "We are very pleased to complete this financing which was led by Zylux Acoustic Corporation, Comhear’s ODM partner in Asia, and Brad Buss, former CFO of SolarCity. In addition, both Wyatt Briant, President of Zylux America, Inc., and Brad Buss have joined Comhear’s Board of Directors. “Comhear delivers a unique personal sound zone that you have to experience for yourself".

Thev have created a unique DSP-based technology that can be applied to automotive, public theaters and theme parks as well as home and personal entertainment markets” said Brad Buss, who is also on the board of directors of Tesla Motors, “I’m excited to be involved with Comhear and look forward their success in the High Definition audio space”. Wyatt Briant, said. “We are looking forward to a beneficial partnership with Comhear and participation with the Board to help grow the Company.”

The Company’s MyBeam™ 360° is an award winning, next generation speaker technology that reflects advances in sound projection technology and usage of near field beam forming technology to provide an enhanced natural HD 360° sound experience for virtual reality, gaming, desktop sound, theatre & theme park, and mobile applications.

The recent installation of the MyBeam™ 360° speaker array at Great America’s Mass Effect attraction is a major breakthrough for public audio applications. “We call it ‘wow factor’ for your ears,” says Christian Dieckmann, Corporate Vice President of Strategic Growth for Cedar Fair Entertainment, which owns Great America, Knott’s Berry Farm and several other theme parks.

MyBeam™ integrates Comhear’s patented IP which is licensed to OEM’s for use in their product offerings. MyBeam™ projects an HD 360° sound experience including binaural and 5.1 encoded content. The technology replaces headphones for immersive sound applications, introducing a safer and more vibrant sound experience.

Comhear’s proprietary KAP™ audio enhancement software is being included in a new generation of listening devices to broaden and improve the soundstage for an extraordinary listening experience. The Company has received many accolades for this achievement and is excited about the tremendous potential licensing opportunities.

About Comhear, Inc.

Comhear believes in sound that moves you. Comhear is an audio technology company that brings people closer together through pristine communication, and enhances immersive entertainment with the physical sensation of sound you can practically touch. Consumer electronics speaker and headset OEMs, enterprise TEMs, kiosk systems manufacturers and integrators and Gaming/VR platforms benefit from Comhear’s revolutionary beamforming services, which add vocal clarity and customization to audio and conferencing systems.

Comhear products are powered by our patented KAP™ software, which gives you wider, more natural soundscapes while protecting long term hearing acuity. This passion for healthy audio, combined with a deep understanding of how the brain processes sound, enables Comhear to develop products and solutions that adapt to your environment and transform the listening experience.

About Zylux Acoustic Corporation

The Zylux Acoustic Corporation is a privately held Taiwan based Original Design Manufacturing (ODM) Company. We specialize in the design and development of consumer electronics systems, servicing major brands with a focus on life-style audio products. Zylux is a market-share leader in the PC and Satellite Radio categories with $125+ million in annual sales. Zylux invests in new technologies and innovations to support a diverse, world-class customer base. Zylux was founded in 1980, and has grown into a multinational company with a global presence in Asia, North America and Europe.

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Michelle Hays
Comhear Inc.
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