Universal Electronics Partners With Crestron to Deliver Powerful Handheld WiFi Touchpanel; UEI's Platform and Crestron's Isys i/O(TM) Technology Power Revolutionary Handheld WiFi Touchpanel
CYPRESS, Calif.--(BUSINESS WIRE)--July 31, 2006--Universal Electronics Inc. (UEI) (Nasdaq:UEIC) today announced that it has signed an agreement with Crestron Electronics for the joint development and supply of a revolutionary new product based on the award-winning UEI NevoSL(TM) and Crestron automation and control technology. The new product is a Crestron branded, model TPMC-4X, handheld WiFi touchpanel designed specifically for Crestron systems. Using the NevoSL platform and Crestron's Isys i/O software, the TPMC-4X handheld touchpanel controller is able to deliver true 2-way WiFi communication for seamless system integration.
The TPMC-4X is the product of a collaborative effort between UEI and Crestron, combining the sleek, modern design of the NevoSL and Crestron integrated control technology. Crestron will integrate its own software and award-winning Isys i/O 2-way WiFi technology into the NevoSL, providing seamless communication with Crestron systems.
"The first time we saw UEI's handheld controller we were really impressed with the innovative design and form factor," says Randy Klein, Executive Vice President at Crestron. "Crestron is proud to collaborate with UEI and deliver an exciting new product that complements our existing line. This is a truly unique product that dealers and homeowners are going to love."
"We couldn't be more excited about how well NevoSL has been received since its introduction," said Paul Arling, chairman and chief executive officer at UEI. "Crestron's reputation is second to none in an industry segment that is known for having discerning tastes. Partnering with Crestron further validates our strength in the market."
Based on the successful histories of these two industry leaders, Crestron's established and loyal sales channels, and the combination of innovative technologies, this new partnership and the resulting TPMC-4X promise to generate tremendous excitement in the market.
To date, NevoSL has been the recipient of over eight prestigious industry awards worldwide, including CE Pro's High Impact Product of the Year and Residential Systems' RESI Award for Best Handheld Control.
About Universal Electronics
Universal Electronics Inc., based in Southern California, develops firmware and turnkey solutions as well as software designed to enable consumers to wirelessly connect, control and interact with an increasingly complex home environment. The company's primary markets include original equipment manufacturers (OEMs) in consumer electronics and personal computing, as well as multiple system operators in the cable and satellite subscription broadcasting markets. Over the past 16 years, the company has developed a broad portfolio of patented technologies and the industry's leading database of home connectivity software that it licenses to its customers, including many leading Fortune 500 companies. In addition, UEI sells its universal wireless control products and other audio/visual accessories through its European headquarters in the Netherlands, and to distributors and retailers in Europe, Asia, Latin America, South Africa and Australia/New Zealand under the One For All(R) brand name. More information about UEI can be obtained at http://www.uei.com. To learn more about Nevo, go to www.mynevo.com.
For 35 years Crestron has been the world's leading manufacturer of advanced control and automation systems, innovating technology and reinventing the way people live and work. Offering integrated solutions to control audio, video, computer, IP and environmental systems, Crestron streamlines technology, improving the quality of life for people in corporate boardrooms, conference rooms, classrooms, auditoriums, and in their homes. Crestron's leadership stems from its dedicated people who are committed to providing the best products, programs and services in the industry. In addition to its World Headquarters in Rockleigh, New Jersey, Crestron has sales and support offices throughout the U.S., Canada, Europe, Asia, Latin America and Australia.
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 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.
CONTACT: For UEI
Stephanie Trussell, 415-856-5162
SOURCE: Universal Electronics Inc.