In fast growing Latin American market, UEI Brasil Controles Remotos
Ltda. grows rapidly to meet customer demands
SANTA ANA, Calif.--(BUSINESS WIRE)--Nov. 15, 2013--
Universal Electronics Inc. (UEI) (Nasdaq:UEIC) today announced
that its wholly owned subsidiary, UEI Brasil Controles Remotos Ltda. has
met an impressive milestone in manufacturing having delivered its 10
millionth remote control.
Formed September 1, 2010, UEI Brasil Controles Remotos Ltda. was started
as a small assembly and warehouse facility with less than 20 employees,
and has now grown to encompass a 20,000 square foot full-service
manufacturing plant with over 130 employees.
UEI Brasil Controles Remotos Ltda. is an ISO-9001 certified factory
focused on delivering locally-produced remote controls for the growing
Latin American market.
“Latin America is one of our key growth regions and our teams supporting
and developing the opportunities there have been great!” said Paul
Arling, Chairman and CEO of Universal Electronics. “I am confident we
will continue to keep pace with our customers’ needs in the region and
build long lasting relationships there.”
Expanded product offerings and a growing customer base have continued to
fuel production increases in the region with major customers in
broadcasting and consumer electronics. With the predicted growth in TV
viewership from the upcoming Olympic Games and FIFA World Cup soccer
events to be hosted in Brazil, UEI Brasil Controles Remotos Ltda.’s
future looks bright. The full-service manufacturing facility in the
region will continue to bring additional product technologies and
capabilities, and expanded facilities to meet these new market growth
About Universal Electronics
Founded in 1986, Universal Electronics Inc. (UEI) is the global leader
in wireless control technology for the connected home. UEI designs,
develops, and delivers innovative solutions that enable consumers to
control entertainment devices, digital media, and home systems. The
company’s broad portfolio of patented technologies and database of
infrared control software have been adopted by many Fortune 500
companies in the consumer electronics, subscription broadcast, and
computing industries. UEI sells and licenses wireless control products
through distributors and retailers under the One For All® brand name.
For additional information, visit our website at www.uei.com.
Safe Harbor Statement
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 timely development,
delivery and market acceptance of the Company’s products and
technologies; the continued growth of the Company’s customer base in
Brazil and other Latin American territories, including those in
broadcasting and consumer markets, the ability of our manufacturing
facility in Brazil to meet the demand anticipated by management, 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.
Source: Universal Electronics Inc.
Universal Electronics Inc.
Benny Canady, UEI Corporate Marketing
and Public Relations