Noise Cancellation Technologies, Inc. Changes Name to NCT Group, Inc

Business Wire, Oct 22, 1998

STAMFORD, Conn.--(BUSINESS WIRE)--Oct. 22, 1998--Noise Cancellation Technologies, Inc. (NASDAQ: NCTI) today announced that the Company's name has been changed to NCT Group, Inc. This change was effected to better reflect the Company's present organizational structure and its expanded focus beyond noise cancellation to include technologies that improve signal-to-noise ratio and enhance sound quality. NCT Group, Inc. is organized into strategic business units (SBUs), each targeted to the commercialization of their products in specific markets. The Company's SBUs include its subsidiaries, NCT Audio Products, Inc. and NCT Hearing Products, Inc.; and its divisions, NCT Communications and NCT Microphones.

NCT Audio Products, Inc.'s Flat Panel Transducer(tm) technology affords many advantages over traditional audio speakers and is ideal for the exploding home theater segment as well as for professional and automotive audio applications. NCT Hearing Products' Active Noise Reduction headphones and communications headsets deliver benefits of improved clarity and intelligibility. NCT Communications' ClearSpeech(tm) suite of proprietary algorithms delivers significant benefits for communications and Internet/intranet applications. NCT Microphones' Silicon Micromachined Microphone offers superior price performance characteristics over conventional microphones which make it ideal for communications applications.

NCT Group, Inc. is a leading technology developer with an extensive portfolio of proprietary algorithms and a wide variety of product offerings for consumer, commercial and industrial applications. The Company specializes in the utilization of sound and signal waves to reduce noise, improve signal-to-noise ratio and enhance sound quality. For more information, refer to the company's World Wide Web site at http://www.nct-active.com.