Universal Electronics Control Solutions to Power Line of Mitsubishi Televisions; UEI to Provide Custom Line of Controls for Mitsubishi Diamond Series Televisions
CYPRESS, Calif.--(BUSINESS WIRE)--Feb. 6, 2006--Universal Electronics Inc. (UEI) (NASDAQ:UEIC) announced that Mitsubishi Digital Electronics America (MDEA) has selected UEI to supply universal remote control devices for MDEA television products. The supply relationship spans a comprehensive range of Mitsubishi remotes, including those that will be bundled with the company's high definition Diamond Series televisions.
Mitsubishi is recognized as one of the world leaders in manufacturing premium quality high definition projection televisions and high definition Liquid Crystal Display (LCD) flat panel televisions, as well as related products for complete home theater systems. The company was first to introduce big screen and plasma televisions to North America, and also first to introduce televisions featuring high definition 1080p DLPTM technology, which is now regarded as the highest display resolution for large screen televisions.
World-Class Control Technology for World-Class Televisions
UEI will provide MDEA with a comprehensive control solution in the shape of new custom remote control designs equipped with UEI's unique patented technologies. The Mitsubishi-branded controls will also feature UEI's unparalleled device code database to ensure compatibility with other home entertainment devices as well as a patented backlighting feature for added convenience and power efficiency for use in Mitsubishi's top of the line Diamond Series products.
In addition to UEI's leadership in providing innovative control technologies, the company's unique intellectual property portfolio, outstanding engineering, reliability in operations, overall value, and flexible design capabilities seamlessly complement the comprehensive range of innovative Mitsubishi products.
"Mitsubishi is a pioneer in the burgeoning rear projection MicroDisplay and Digital Light Processing television market," said Paul Arling, chairman and chief executive officer for UEI. "We are proud to design and integrate our control solutions with a partner who shares in our vision for excellence in the consumer electronics industry."
UEI remotes will be available in early summer of 2006 and are slated to ship with a comprehensive lineup of Mitsubishi high definition televisions, including the premium Diamond Series products, which provide Mitsubishi's best picture quality to date.
About Universal Electronics Inc.
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 has been adopted by many Fortune 500 companies in the consumer electronics, subscription broadcast, and computing industries. In addition, the company sells wireless control products to distributors and retailers under the One For All(R) brand name. More information about UEI can be obtained at http://www.uei.com.
About Mitsubishi Digital Electronics America, Inc.
Mitsubishi Digital Electronics America, Inc. manufactures and markets a comprehensive line of premium quality high definition projection televisions, HD LCD televisions, and plasma displays, as well as VCRs, DVD players, an HDTV receiver/controller and related products for complete home theater systems. Recognized as the world leader and innovator of digital big screen television and receiver technology, Mitsubishi Digital Electronics America develops audio and video products that lead the industry in quality, performance and ease-of-use. For additional information about MDEA, visit www.mitsubishi-tv.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 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.
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SOURCE: Universal Electronics Inc.