Denon Selects Universal Electronics to Enhance New Remote Lineup for High-End Audio Video Receivers; New Denon Line to Use UEI's Kameleon Technology to Simplify Control for Demanding Audiophiles
CYPRESS, Calif.--(BUSINESS WIRE)--Oct. 3, 2005--Universal Electronics Inc. (UEI) (Nasdaq:UEIC) today announced that it has been selected to supply advanced remote controls for certain models of Denon's high-end amplifiers and tuners to be distributed in the United States, Europe and Asia. The new remote controls will be powered by UEI's Kameleon(TM) "digital ink"- like technology that intelligently illuminates only active device keys for a uniquely intuitive graphical control interface. The relationship marks a further integration of UEI's technology with high-end consumer electronics partners in Asia.
With its award-winning industrial design team, UEI produced a new line of high-end remotes in collaboration with Denon which offer users an intuitive way to control Denon's A/V receivers via easy-to-use key layouts, groupings and overall ergonomic design. The remotes also feature UEI patented technologies which allow for IR learning, direct code setup, and code verification. UEI's Kameleon technology makes use of electro luminescent display technologies provided by UK-based Pelikon Ltd., the world leader in the development and application of printed segmented electro luminescent Interface Display technology (pSEL) for consumer products.
"Denon continues to build upon its reputation of offering quality audio products to discerning consumers," said Hirofumi Ichikawa, President, Denon Brand Company. "Our customers demand only the best, which challenges us to produce products that satisfy their needs for simplicity and functionality. Partnering with UEI allows us to provide users with superior control to complement our products perfectly."
"Denon has a tradition of excellence in providing high quality products for customers who are serious about their audio needs. We are excited to have this opportunity to work together on innovative products that utilize UEI's distinctive technologies, such as Kameleon, that help our customers achieve their goals," said Paul Arling, chairman and chief executive officer at UEI. "We look forward to the continued growth in the acceptance of our innovative technologies in the lucrative and competitive Asian market."
About Universal Electronics
Universal Electronics Inc., based in Southern California, develops firmware and turnkey solutions as well as software designed to enable consumers to wirelessly connect, control and interact with an increasingly complex home environment. The company's primary markets include original equipment manufacturers (OEMs) in consumer electronics and personal computing, as well as multiple system operators in the cable and satellite subscription broadcasting markets. Over the past 18 years, the company has developed a broad portfolio of patented technologies and the industry's leading database of home connectivity software that it licenses to its customers, including many leading Fortune 500 companies. In addition, UEI sells its universal wireless control products and other audio/visual accessories through its European headquarters in the Netherlands, and to distributors and retailers in Europe, Asia, Latin America, South Africa and Australia/NewZealand under the One For All(R) brand name. More information about UEI can be obtained at http://www.uei.com. To learn more about Kameleon, go to www.mykameleon.com.
About Denon Electronics
From its beginning in 1910 as a supplier of professional recording studio and broadcast equipment, Denon has become a world leader in the manufacture of highest quality home theater, audio and software products. Denon is recognized internationally for innovative and ground-breaking products and has a long history of technical innovations, including the development and first commercialization of PCM digital audio.
About Pelikon, Ltd.
Pelikon is the manufacturer of the world's first flexible, plastic display (pSEL). With research and development facilities in Cambridge (UK) and its manufacturing plant in Caerphilly, South Wales (UK), Pelikon Limited leads the world in the development of Printed Segmented Electroluminescent (pSEL) displays and Interface Displays(TM), materials and related products. For further information please see www.pelikon.com.
This press release contains forward-looking statements that are made pursuant to the Safe-Harbor provisions of the Private Securities Litigation Reform Act of 1995. Words and expressions reflecting something other than historical fact are intended to identify forward-looking statements. These forward-looking statements involve a number of risks and uncertainties, including the continued success, delivery and market acceptance of the Kameleon and the other products and technologies identified in this release; the Company's continued ability to design products in a fashion that results in its technology becoming the standard for handheld devices; and other factors described in the Company's filings with the Securities and Exchange Commission. The actual results that the Company achieves may differ materially from any forward-looking statement due to such risks and uncertainties. The Company undertakes no obligations to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
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SOURCE: Universal Electronics Inc.