Universal Electronics and Universal Remote Control Settle Patent Infringement Lawsuit
CYPRESS, Calif. and HARRISON, N.Y., Jan. 31 /PRNewswire-FirstCall/ -- Universal Electronics Inc. (UEI) (Nasdaq: UEIC) and Universal Remote Control Inc. today announced their amicable resolution of patent litigation pending in the U.S. District Court for the Central District of California. While the specific terms of the settlement are confidential and cannot be disclosed, the settlement involves UEI's grant of licenses under certain of its remote control patents.
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 .
Certain matters discussed in this press release may be forward-looking statements that involve a number of risks and uncertainties, including the amount of business that may be generated by Universal Remote Control, Inc. and/or Universal Electronics Inc. resulting from the business relationship discussed herein. The companies undertake no obligation to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
NOTE: Universal Remote Control, the Universal Remote Control logo, and other Universal Remote Control marks are owned by Universal Remote Control and may be registered.
Universal Electronics Inc., the UEI logo, and other UEI marks, including the One For All are owned by UEI and may be registered.
All other trademarks are the property of their respective owners.
SOURCE Universal Electronics Inc.
Bernie Pitz of Universal Electronics, +1-714-820-1000;
Stephanie Trussell of Waggener Edstrom, +1-650-266-7000,
Kirsten Chapman of Lippert/Heilshorn & Associates,
both for Universal Electronics Inc.
Web site: http://www.uei.com