ClearOne Announces Closure of Asset Sale Transaction

Core Viewpoint - ClearOne, Inc. has entered into a definitive agreement to sell certain assets to Biamp Systems, LLC as part of its strategic process and plan to pursue one or more transactions [1] Company Summary - ClearOne, Inc. is a technology innovator and global competitor in the conferencing, collaboration, and network streaming solutions market [1] - Biamp Systems, LLC is identified as a leading global provider of professional audio-visual solutions [1] Strategic Context - The asset sale is part of ClearOne's ongoing strategic process [1] - This move supports ClearOne's previously disclosed plan to pursue one or more transactions [1]