Universal Electronics to Introduce Newest Control Solutions at NCTA's National Show; Company Celebrates 20th Year Delivering Innovative Control Solutions
ATLANTA--(BUSINESS WIRE)--April 6, 2006--Universal Electronics Inc. (UEI) (NASDAQ:UEIC) today announced that it will showcase its latest innovative digital access and control solutions for today's digital life at the annual NCTA National Show in Atlanta. Leveraging its cutting edge wireless and software technologies and deep relationships with major cable companies, UEI will introduce products that cable operators demand to deliver powerful home entertainment control solutions to their customers.
Universal Electronics' custom and turnkey solutions address the needs of cable customers from initial concept to final product delivery. The company has the most comprehensive database of brand and device codes in the world, and is the market leader in delivering digital cable control technology for U.S. distribution. Fueling this momentum are UEI's key technologies covered by the company's over 156 issued and pending patents that, among other capabilities and features, ensure upgradeability, increasing the lifespan of the remote to accommodate new services and devices, and its award-winning industrial design that enhances the customer experience.
"For nearly 20 years, UEI has supported leading cable companies' efforts to offer customers the latest new products and interactive services by providing tailored remote control solutions that combine optimal quality, service and value," said Paul Arling, the company's chairman and chief executive officer. "Subscription broadcasting brings a vast array of digital offerings into the home and in order to ensure these profitable on-demand services are utilized, the remote control provided to customers needs to be the most used device in the home. We're excited to be working with such leading cable companies as we shape the next evolution of control solutions to enhance the user experience."
Building on UEI's 20 years of innovation, the company continues to build strong ties with cable industry leaders to deliver advanced remote control solutions to consumers. Some of the digital life solutions that UEI will demonstrate at NCTA will include:
- The unveiling of Polaris(TM): a unique universal remote control, designed by users, that simplifies the complex home entertainment environment by offering simple and easy to use features and functionality yet still powerful enough to give consumers access to advanced services such as VOD and DVR.
- Atlas DVR(TM): UEI's most popular and advanced digital cable control solution just got better. UEI introduces its first learning-enabled universal remote control for mass market subscription broadcast distribution which allows subscribers to transfer unique commands from original remotes, so that their main cable remote never becomes obsolete.
- My Channel(TM): My music, my pictures, my movies...on my TV. See how UEI plans to enable the set top box to be the true center of the connected home.
- urcsupport.com: Introducing enhanced web services for cable subscribers, including easy model-based search to help users easily setup their remote by simply entering their device model number and interactive online demos that walk users through set up and favorite commands.
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 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.
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