SRS Labs of Santa Ana Signs Licensing Deal With NEC

SRS Labs Inc., a Santa Ana developer of sound technology, said Wednesday that it has signed a licensing agreement with NEC Technologies Inc. to sell audio capability to the Boxborough, Mass., computer giant. Officials for SRS Labs would not disclose how large a contract the company had garnered, other than to say that volume would be “significant.” The new product, SRS 3D sound technology, will provide audio for NEC’s new Ready line of multimedia computers. SRS has 10 employees and originally purchased the technology from Hughes Aircraft Co. in 1993, before further developing the product, according to company officials.