Universal Electronics Honored by Forbes
Nov 18, 2009
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CYPRESS, Calif.--(BUSINESS WIRE)--Nov. 18, 2009--
Universal Electronics Inc. (UEI), (NASDAQ:UEIC) was ranked 116 on
the Forbes 200 Best Small
Companies in America listing.
“It is an honor to be recognized by Forbesfor the fourth
straight year,” stated Paul Arling, UEI’s chairman and chief executive
officer. “Throughout UEI’s 23-year history, we have focused on
introducing innovative new products and technologies, which have led the
way to obtaining key customer wins, further building our relationships
with existing customers, and expanding our presence into new markets.
Looking ahead, we expect 2010 to be another successful year for UEI as
we continue to pursue the long-term success and growth of our business,
staying true to our strategic vision to become the leader in wireless
control technology.”
Forbes selected companies with revenue between $5 million and
$750 million and with a share price above $5.00. Rankings are based on
earnings growth, sales growth and return on equity in the past 12 months
and over five years, as well as comparing the stock performance of each
company with that of its peers. Shares of last year's list members
outpaced the Russell by 10 percentage points. The article may be
accessed on Forbes’ web site at www.forbes.com/200best.
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® brand name.
UEI also delivers complete home control solutions in the professional
custom installation market under the brand name Nevo®. For additional
information, please visit our website at www.uei.com.
Source: Universal Electronics Inc.
Universal Electronics
Paul Arling, 714-820-1000 (UEI)
Kirsten
Chapman, 415-433-3777 (IR Agency)
