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QRS Music
Press Releases
Self Tuning Piano Under Development
2/24/2002

NAPLES, FLORIDA - - February 25, 2002 - - QRS Music Technologies, Inc. (OTCBB: QRSM) announced today that it has acquired the exclusive worldwide rights to manufacture, sublicense and sell a Self-Tuning Piano System. Presently, the system does not have a trade name.



Richard A. Dolan, President and Chairman said, “The self-tuning piano system will be designed into the manufacture of a piano and will allow the piano to maintain itself in tune electronically. This device is perhaps the most important addition to the basic piano design ever made. The pianist is virtually the only modern musician who cannot tune his/her own instrument. This device will permit a piano to be completely tuned before each use in a few minutes, simply by turning on a switch.”



Dolan added, “This Self-Tuning Piano System will become the standard by which all pianos will be judged. To the piano world, this will have the same impact as air bags had on the automobile world, ‘Before or after.’ The quality of each piano performance will be improved simply by having the piano in the best tune possible.”



QRS Music Technologies acquired the rights to develop this unique technology from the inventor, Don A. Gilmore, Kansas City, Missouri. Under the terms of the Patent License Agreement, QRS Music Technologies will pay for the cost of developing the technology and will have a seven-year exclusive use of the technology with the first right of refusal to renew the agreement. The royalty payment amount was not disclosed. A U.S. Patent Application has been made. QRS Music Technologies will have the worldwide right to grant sublicenses.



QRS Music Technologies expects the product to be available this fall and will be shown at the National Association of Musical Manufacturers (“NAMM”) annual convention in Los Angeles next January. The retail price of the self-tuner has not been determined. Presently, the average manual tuning service fee in the United States is about $75 and is usually necessary at least twice a year. This new technology involves no motors or moving parts.