Dolby Laboratories, Inc. (Dolby Labs), a world leader in sound processing systems founded by Ray Dolby, a pioneer of audio and video industry, developed their technology to be used in mobile gadgets. Thus, LG will become the first mobile manufacturer to utilize Dolby Mobile technology in their devices.

"Being the first company to incorporate Dolby Mobile technology into handsets for the global market reinforces LG's role as a leader in the mobile industry and in multimedia phones," says Dr. Skott Ahn, President and Chief Executive of LG Electronics Mobile Communications Company. "We believe this technology will raise the bar for audio quality on multimedia phones and expect Dolby Mobile to help us create a new trend in the mobile phone industry."

"LG shares our passion for cutting-edge innovation. This agreement combines LG's vision and resources with Dolby's pioneering leadership in entertainment technology to deliver the next generation of mobile entertainment," says Bill Jasper, President and CEO of Dolby Laboratories. "Our broad experience and success working with LG in the past gives us great confidence as we move forward."
According to LG representatives, the first handsets built around Dolby Mobile technology will be launched in the IV quarter 2008.