Universal Electronics to Acquire Ecolink Intelligent Technology, a Wireless Security, Sensing, and Home Automation Leader
Aug 6, 2015
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“We are very excited to bring the Ecolink team under the UEI umbrella.
The team at Ecolink has some of the industry’s leading experts in the
wireless sensor market and a track record of bringing creative,
innovative and high performing products to market. Ecolink’s expertise
in wireless security and home automation technology will bring a new
level of compatibility to the industry to enable sensors throughout the
home to work together seamlessly,” said
According to
"With over 25 years of experience as a technology and product supplier
to the cable/telco industry, UEI, through this acquisition, is well
positioned to supply these wireless solutions to its customers,” stated
According to data from
The purchase price for the acquisition of Ecolink assets will be
approximately
UEI intends to operate the acquired business as a wholly-owned subsidiary and market the home security and automation products and services under Ecolink brands and trademarks, leveraging Ecolink’s many years of experience, expertise and innovation in the industry.
“We are excited to be joining the UEI team,” stated
About Ecolink Intelligent Technology
Ecolink is a leading developer of smart home technology. The company delivers a wide range of intelligent wireless security and automation components dedicated to redefining the home security experience. Ecolink has over 20 years of wireless engineering expertise in the home security and automation market and holds more than 25 related pending and issued patents. For more information, visit www.discoverecolink.com.
About
Founded in 1986,
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 successful closing of
the transaction between UEI and Ecolink and integration of their
respective business lines, the timely development, delivery and market
acceptance of products and technologies such as home security, home
automation, wireless sensors and other technologies identified in this
release; the continued penetration and growth of next generation
consumer technologies; and other factors described in the Company’s
filings with the
View source version on businesswire.com: http://www.businesswire.com/news/home/20150806005447/en/
Source:
UEI:
Benny Canady, 714-918-9500
or
IR Agency:
Becky
Herrick, 415-433-3777