Kenneth Potashner Board’s Director, Parametric

Parametric Sound Corporation,
in directed audio products and solutions, has appointed Kenneth F.
Potashner, an experienced technology executive as a member of its Board
of Directors.

 Mr.
Potashner has also agreed to a consultancy arrangement with the company
to develop strategies for a range of markets now possible with the
latest HSS audio innovations. He has agreed in principle to thereafter
manage company growth by becoming Executive Chairman at a future date expected to be before March 15, 2012.

Mr. Potashner has extensive executive and BOD level experience leading
high growth, high technology global organizations. Mr. Potashner is the
Chairman of Newport Corporation, in the photonics sector with
2011 revenues projected to exceed $500M. He has been a director at
Newport since 1998, then served as director and assumed the Chairmanship
in 2007. Mr. Potashner is also currently active as a director or an
advisor to a number of private technology companies.

As Chairman for Maxwell Technologies from 1996 to 2003, he saw an
opportunity to transition the company’s focus from defense to
commercial technology platforms. He enabled an array of strategic
partnerships resulting in expansion and profitability. Mr. Potashner was
credited for leading the most successful turnaround in the US in 1997
achieving an 800% increase in market capitalization. From November 1998
to August 2002 Potashner remained Chairman of Maxwell and also assumed
the role of CEO and Chairman of S3 Inc., a graphics chip supplier
in Silicon Valley. Through disposition of its core business and the
acquisition of key technology companies S3 Inc. was relaunched as Sonicblue
Inc. who became a provider of innovative digital media products
including the Rio MP3 player and the ReplayTV DVR. From 1994 to 1996 he
was Executive Vice President and General Manager of Disk Drive
Operations for Conner Peripherals, a manufacturer of storage systems
that he returned to profitability positioning for its merger with
Seagate. From 1991 to 1994, he was Vice President, Worldwide Product
Engineering for Quantum Corporation, a manufacturer of disk drives. From
1981 to 1991, he held various engineering management positions with
Digital Equipment Corporation, a manufacturer of computers and
peripherals, culminating with the position of Vice President of
Worldwide Product Engineering in 1991.

Mr. Potashner earned a bachelor’s degree in electrical engineering from
Lafayette College and a master’s degree in electrical engineering from
Southern Methodist University.

"Recent innovations have increased the breadth of markets that can be captured with our new generation of audio technology," said Elwood G. Norris, President and CEO of Parametric Sound. "This
is an increase from our early focus on directed audio for digital
signage which will continue to be a key market. Ken brings a wealth of
executive level management experience and a proven track record for
rapidly creating value. We are excited to access his expertise and
connections as we seek to rapidly expand market applications for our
audio solutions."

"Parametric Sound has developed disruptive technology that is protected by a strong IP portfolio," said Potashner. "This
technology will enable higher levels of audio performance as well as
creating new applications of audio for many large markets. Parametric
Sound is positioned to pursue both a technology licensing strategy as
well as directly launching innovative products. I am excited for the
opportunity to assemble the business team to expand Parametric’s
participation in new markets worldwide."