MOUNTAIN VIEW, CA--(Marketwired - Mar 17, 2014) - Audience, Inc. (NASDAQ: ADNC) today announced that its board of directors has authorized the company to repurchase up to $15 million, inclusive of broker fees, of its common stock under a stock repurchase program, in compliance with Rule 10b-18 of the Securities Exchange Act of 1934, as amended. The timing and amount of repurchase transactions under this program will depend on market conditions and other considerations. All of the repurchases will be funded by Audience's available working capital.
Audience is the leader in advanced voice and audio processing for mobile devices, and in early 2014 announced its expansion into advanced multisensory and motion processing. Its family of earSmart™ intelligent voice processors is based on the processes of human hearing, to suppress background noise and enhance mobile voice quality. Audience's technology substantially improves the mobile voice experience, while also improving the performance of speech-based services, and enhancing audio quality for multimedia. Audience earSmart™ processors are featured in mobile devices from leading providers in Asia-Pacific, Europe and the U.S. The company is based in Mountain View, California. For more information, see www.audience.com.