VTY Vistry Group Plc

RNS No 46d
VERITY GROUP PLG
27th November 1997

                       VERITY GROUP PLC
                               
                  NXT / SOUND ADVANCE SYSTEMS
                       LICENSE AGREEMENT
 
NXT  and Sound Advance Systems of California (SAS) are pleased
to  announce  a  cross-license agreement of  their  respective
Intellectual Property Rights (IPR).
 
Under  the terms of this agreement NXT has granted SAS a  non-
exclusive  world-wide license, without power  to  sub-license,
for  IPR  currently being licensed by NXT.  This is  in  SAS's
traditional   fields  of  business,  notably  commercial   and
residential sound systems.
 
The  IPR  being  licensed  by NXT now also  includes  numerous
patents  and  patent applications owned by the US based  Noise
Cancellation Technologies, Inc., NCT Audio Products Inc. (NCT)
and the Defence Evaluation & Research Agency (DERA).
 
In  return, NXT has obtained non-exclusive rights from SAS  to
their  planar  loudspeaker patents, with power to sub-license,
in fields of use outside SAS's traditional business.
 
Verity  Group  plc, NXT's holding company, has  also  made  an
investment of US$1 million for 5% of the common stock  of  SAS
and will invest a further $1 million to increase this stake to
10%  in  June 1999.  This will establish the basis of a  long-
term  relationship with the company that has in  recent  years
made substantial investment in the research and development of
complementary technologies.  As a result of this high level of
investment, in the 10 months ended 31st October 1997 SAS  made
a loss of $385,000 (#230,000) on assets of $790,000 (#470,000)
(unaudited results).
 
The  strategic  alliance of DERA, NCT and  SAS  with  NXT  now
allows  NXT  licensees to benefit from over 80 active  patents
and  patents  pending  in relation to flat  panel  loudspeaker
technology.
 
For further information, please contact:
 
Verity Group plc
Peter  Thoms                                   01480  451777
 
Ludgate Communications
Richard  Hews                                  0171 253 2252
 
 
END
 


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