Operators can procure famous TiVo “peanut” remote directly from a
manufacturer renowned for high quality products
AMSTERDAM, The Netherlands--(BUSINESS WIRE)--Sep. 5, 2012--
Universal Electronics Inc. (UEI) (Nasdaq:UEIC) announced today
that its wholly owned subsidiary, Universal Electronics BV (UE BV), has
signed an agreement with TiVo Inc. (NASDAQ: TIVO), that
authorizes UE BV to produce and supply the iconic TiVo “peanut” remote
to designated TiVo service provider customers globally.
The agreement authorizes Universal Electronics to supply remote controls
for designated TiVo branded services in the international market that
currently include media service providers such as Virgin Media in the
United Kingdom and Com Hem in Sweden. TiVo is well known for its focus
on the user experience, developing intuitive search and browse
capabilities in its solutions, while Universal Electronics has
successfully built a reputation for extending those qualities to the
handheld control device.
“Choosing Universal Electronics to become the first participant of the
TiVo Verified remote control program was an easy choice for us,” said
Joshua Danovitz, Vice President, GM of International at TiVo. “They have
a solid reputation as a high quality manufacturer and a technology
leader with a global reach. It is a good match for TiVo and our global
customers, further showcasing our commitment to delivering the best TiVo
experience.”
Paul Arling, Chairman and CEO of Universal Electronics said, “TiVo and
the iconic ‘peanut’ remote are symbols of a brand that is known for its
leadership in intuitive user interfaces and award winning designs. This
agreement provides a strong partnership dedicated to the user experience
and to quality products for TiVo and Universal Electronics customers.”
The first TiVo-based remote control products manufactured by Universal
Electronics are anticipated to begin shipping to international customers
in December 2012.
About TiVo
Founded in 1997, TiVo Inc. (NASDAQ: TIVO) developed the first
commercially available digital video recorder (DVR). TiVo offers the
TiVo service and TiVo DVRs directly to consumers online at www.tivo.com
and through third-party retailers. TiVo also distributes its technology
and services through solutions tailored for cable, satellite, and
broadcasting companies. Since its founding, TiVo has evolved into the
ultimate single solution media center by combining its patented DVR
technologies and universal cable box capabilities with the ability to
aggregate, search, and deliver millions of pieces of broadband, cable,
and broadcast content directly to the television. An economical,
one-stop-shop for in-home entertainment, TiVo's intuitive functionality
and ease of use puts viewers in control by enabling them to effortlessly
navigate the best digital entertainment content available through one
box, with one remote, and one user interface, delivering the most
dynamic user experience on the market today. TiVo also continues to
weave itself into the fabric of the media industry by providing
interactive advertising solutions and audience research and measurement
ratings services to the television industry. www.tivo.com.
TiVo, the TiVo Logo, Season Pass and WishList are trademarks or
registered trademarks of TiVo Inc.'s subsidiaries worldwide. © 2012 TiVo
Inc. All rights reserved.
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 website at www.uei.com.
All trademarks appearing herein are the property of their respective
owners.
Safe Harbor Statement
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,
delivery and market acceptance of products and technologies identified
in this release; the continued penetration and growth of the products
and consumer technologies identified in this release; 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.
Source: Universal Electronics Inc.
UEI:
Benny Canady, 714-918-9500
UEI Corporate Marketing and
Public Relations
bcanady@ueic.com,
or
TiVo:
Erik
Milster, 212-446-1866
emilster@sloanepr.com
