Universal Electronics Honored by Forbes and the Deloitte Orange County Technology Fast 50
CYPRESS, Calif.--(BUSINESS WIRE)--Oct. 25, 2007--Universal Electronics Inc. (UEI), (NASDAQ:UEIC) announced it was named to the list of the 200 Best Small Companies in America published in the October 29, 2007 issue of Forbes as well as the Deloitte Orange County Technology Fast 50.
Paul Arling, the company's chairman and chief executive officer, said, "These honors recognize our success in growing our business. We continue to grow our relationships with subscription broadcasters and consumer electronics manufacturers, lead innovation with new product launches, and grow market share. We are excited to be named by both Forbes and Deloitte, and I want to offer congratulations and appreciation to all of the UEI employees who made these accomplishments possible."
Forbes selected companies with revenues between $5 million and $750 million, and a share price above $5 as of October 1, 2007. Companies must show sustainable sales and net profit growth over both the last twelve-months and the last five years. In its second consecutive year on the list, UEI moved up 69 spots to 108th. 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 operating revenues, continued revenue growth over a five-year period and ownership of proprietary intellectual property or technology. This is the third straight year UEI has been selected, moving up from 40th to 33rd on the list in 2007. For more information on the Deloitte Orange County Technology Fast 50 program, please visit www.fast500.com.
About Universal Electronics
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).
Paul Arling, 714-820-1000
Kirsten Chapman, 415-433-3777
SOURCE: Universal Electronics Inc.