growing Latin American market, UEI Brasil Controles Remotos Ltda. grows rapidly
to meet customer demands
SANTA ANA, CA—Universal Electronics Inc. (UEI) (Nasdaq:UEIC) today announced that its wholly
owned subsidiary, UEI Brasil Controles Remotos Ltda. has met an impressive milestone in manufacturing having
delivered its 10 millionth remote control.
1, 2010, UEI Brasil Controles Remotos Ltda. was started
as a small assembly and warehouse facility with less than 20 employees, and has
now grown to encompass a 20,000 square foot full-service manufacturing plant
with over 130 employees.
UEI Brasil Controles Remotos Ltda. is an ISO-9001 certified factory focused on
delivering locally-produced remote controls for the growing Latin American
America is one of our key growth regions and our teams supporting and
developing the opportunities there have been great!” said Paul Arling, Chairman
and CEO of Universal Electronics. “I am
confident we will continue to keep pace with our customers’ needs in the region
and build long lasting relationships there.”
product offerings and a growing customer base have continued to fuel production
increases in the region with major customers in broadcasting and consumer
electronics. With the predicted growth
in TV viewership from the upcoming Olympic Games and FIFA World Cup soccer
events to be hosted in Brazil, UEI Brasil Controles
Remotos Ltda.’s future looks bright.
The full-service manufacturing facility
in the region will continue to bring additional product technologies and
capabilities, and expanded facilities to meet these new market growth
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.
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 the
Company’s products and technologies; the continued growth of the Company’s
customer base in Brazil and other Latin American territories, including those
in broadcasting and consumer markets, the ability of our manufacturing facility
in Brazil to meet the demand 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.
Benny Canady, UEI Corporate Marketing and Public Relations,
Santa Ana, California, email@example.com,