Universal Electronics Honored by Deloitte and Forbes
CYPRESS, Calif.--(BUSINESS WIRE)--Nov. 6, 2008--Universal Electronics Inc. (UEI), (NASDAQ:UEIC) was named to the 2008 Deloitte Orange County Technology Fast 50 and the Forbes 200 Best Small Companies in America.
"We are honored by the recognition from Deloitte and Forbes and would like to thank our staff at UEI for their contributions to our company's success," stated Paul Arling, UEI's chairman and chief executive officer. "For over 20 years, UEI has been the leader in wireless devices and remotes. We have remained focused on executing on our goals of winning new customers and deepening existing customer relationships to increase our share of the market while introducing new and innovative products."
Forbes selected companies with revenue between $5 million and $750 million, and a share price above $5 as of September 29, 2008. The ranking is based on return on equity, sales growth and profit growth over the past 12 months and also over five years. In its third consecutive year on the list, UEI was ranked 156. The article may be accessed on Forbes' web site at www.forbes.com/200best.
The Deloitte Orange County Technology Fast 50 reviews companies based on percentage revenue growth over a five-year period and ownership of proprietary intellectual property or proprietary technology that contributes to a significant portion of their operating revenues. This is the fourth straight year UEI has been selected, presently ranking 41st on the list. For more information on the Deloitte Orange County Technology Fast 50 program, please visit www.fast500.com.
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 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(R) brand name. UEI also delivers complete home control solutions in the professional custom installation market under the brand name Nevo(R), as well as software solutions for digital media control and enjoyment in the consumer and OEM markets under the brand SimpleCenter(TM). For additional information, visit our web site at www.uei.com.
Paul Arling, 714-820-1000
Kirsten Chapman, 415-433-3777
SOURCE: Universal Electronics Inc.