SANTA ANA, Calif. & MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Nov. 14, 2014--
Universal Electronics Inc. (UEI) (NASDAQ: UEIC) and Peel Technologies,
Inc. today announced that they have agreed to dismiss their respective
patent infringement claims against each other without prejudice. Peel
agreed to modify and update its products to avoid UEI’s allegations of
infringement. The specific terms of the settlement agreement are
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® brand name.
For additional information, visit our web site at www.uei.com.
Safe Harbor Statement
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
UEI 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.
Universal Electronics Inc., the UEI logo, and other UEI marks are owned
by UEI and may be registered. All other trademarks are the property of
their respective owners.
Peel, and the Peel logo, are owned by Peel and may be registered. All
other trademarks are the property of their respective owners.
Photos/Multimedia Gallery Available: http://www.businesswire.com/multimedia/home/20141114005108/en/
Source: Universal Electronics Inc.
Richard A. Firehammer, Jr., General Counsel