Universal Electronics Inc. and Peel Technologies, Inc. Patent Infringement Litigation

November 14, 2014

SANTA ANA, Calif.
& MOUNTAIN VIEW, Calif.– 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 otherwise
confidential.

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.

Contacts

Universal Electronics
Richard A. Firehammer, Jr., General Counsel
(714) 918-9500