Universal Electronics and Monster to Bring Superior Home Control to High End Consumer Retail; UEI Teams Up With Leader in Premium Audio/Visual Products and Accessories to Develop Z-Wave-enabled Wireless Lighting and A/V Control
CYPRESS, Calif., May 02, 2006 (BUSINESS WIRE) -- Universal Electronics Inc. (UEI) (NASDAQ:UEIC) today announced that it has entered into a formal development relationship with Monster Cable to provide an advanced home control solution to be sold under the Monster label.
Monster is the world's leading manufacturer of high performance cables that connect audio/video components for home, car, professional use, computers and computer games as well as a complete line of AC power products. One of the world's best known and recognized consumer brands in home entertainment, Monster is looking to UEI to design a solution to help expand the company's IlluminEssence(TM) wireless lighting products.
Powered by UEI's superior connectivity software as well as Monster ControlNet(TM) using the Z-Wave wireless home control protocol, Monster's new IlluminEssence Lightning and A/V Remote Controller 200 will be designed to operate and setup Monster's full line of IlluminEssence lighting and appliance control products as well as the latest home entertainment devices. Monster is looking to UEI to integrate Z-wave based lighting control as well as home theater device control into a single solution that could be offered at an affordable cost to a wide range of average consumers. The result will be an easy-to-use 7-device universal remote control that leverages UEI's unparalleled infrared (IR) code database for broad device compatibility and patented macro innovation for one-touch Activities-based control. With Z-Wave technology included, the new controller will also seamlessly work with Monster's Illuminescence(TM) in-wall and plug in lighting stations.
To be offered at an attractive retail price of $99.95 MSRP, the IlluminEssence Lightning and A/V Remote Controller 200 will be available in August 2006 through major electronics retailers. Monster will offer this new solution as a stand-alone product or bundled with its lighting modules.
"Monster is one of the most respected names in premium A/V and home entertainment," says Paul Arling, chairman and chief executive officer for UEI. "We are very excited to develop a superior control solution with the Monster name attached."
"UEI technology is second to none when it comes to innovation, reliability, and quality in wireless control," said Noel Lee, The Head Monster. "We put our trust in UEI due to the company's superior custom solutions and commitment to quality, knowing that our customers can expect the same level of excellence and value as any Monster branded product."
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 16 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/New Zealand under the One For All(R) brand name. More information about UEI can be obtained at http://www.uei.com.
Monster is known to thousands of audio, video, car, photo, computer, movie and music enthusiasts as the company that makes their other products work better. Starting in a San Francisco garage 25 years ago, Noel Lee, The Head Monster, created the first Monster Cable to get better sound from stereo speakers. He created an instant following with recording engineers and professional musicians with many of today's hottest CDs being mixed and mastered in studios completely wired with Monster Cable and powered by Monster Power.
The Monster brand now encompasses over 4,000 items including speakers, subwoofers, furniture, camera bags, cell phone headsets, PowerCells(TM), power line conditioners, voltage stabilizers, surge protectors and every kind of cable imaginable...all with a single focus: to help enthusiasts Get All The Performance They Paid For(TM) from their favorite electronics.
Explore the world of Monster at www.MonsterCable.com
Product or service names mentioned herein are the trademarks of their respective owners.
his 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, ordering, delivery and market acceptance of products and technologies identified in this release; the Company's continued ability to design products in a fashion that results in its technology being accepted by the companies customers and the end users; the continued importance of the Company's database of codes and other technologies; the continued growth in the markets identified in this release to occur as 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.
Stephanie Trussell, 415-856-5162 (Media)
Daniel Graham (Media)