This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

VOXX International To Bring Bongiovi Digital Power Station Technology To The Car

Stocks in this article: VOXX

HAUPPAUGE, N.Y., May 10, 2012 /PRNewswire/ -- VOXX International Corporation (NASDAQ: VOXX) announced today that it has finalized its agreement with AVG (OEAM) Inc., an AVG Group company, to become the exclusive U.S. distributor of the Bongiovi Digital Power Station™ (DPS) technology for applications in the automotive aftermarket and the PPO Market (automotive accessorization post factory and pre aftermarket).

Under the terms of the agreement, VOXX International's wholly owned subsidiary, Audiovox Electronics Corp. (AEC) will have exclusive U.S. rights to distribute the patented DPS technology automotive applications, which significantly enhances the in-vehicle audio experience by making a traditional car stereo 'studio-sound enabled.'  The companies will collaborate to develop applications specifically designed for Original Equipment Manufacturers, initially focusing on the U.S. market.  Additionally, AEC and AVG are working to develop aftermarket applications which will be available through the Audiovox expeditor network.

"We're excited about this partnership and the potential it holds not only for our company, but for our customers.  For decades, Audiovox has been a leader in automotive entertainment, in-vehicle security and sound," stated Tom Malone, President of Audiovox Electronics Corp.  "The addition of DPS technology based applications enhances our automotive solutions for our OE partners, and will enable them to lower their acquisition costs for premium car sound while helping them differentiate their value-added solutions.  This applies to both Original Equipment Manufacturers as well as car dealers as it easily integrates with the technologies of both new and used cars.  We believe the patented DPS technology applications can potentially change the automotive sound landscape as it provides car manufacturers with the ability to take a basic factory sound system and dramatically improve audio quality without the need to upgrade to higher-end systems.  Additionally, this will resonate well with consumers who want a premium sound experience in their vehicles."

DPS is the new standard for digital audio delivery and was developed by Tony Bongiovi, the critically acclaimed sound engineer and record producer for Bongiovi Acoustics.  DPS creates this high-end quality by digitally re-mastering the audio signal in real-time, effectively compensating for the acoustical deficiencies of the vehicle and optimizing the program material for playback in the vehicle.  It extends the frequency response of car speakers and maximizes the frequency-specific power distribution of a vehicle's head-unit amplifier.  DPS applications are also designed and tuned for the individual vehicle so they are as custom as the other OE components.   

Ayaz Somani, CEO of AVG Group added, "Our goal is to provide consumers with an optimized listening experience in a vehicle environment.  DPS is the new standard for digital audio enhancement, and we see significant opportunities to expand the reach of DPS into car audio through our partnership with Audiovox.  Especially so, given Audiovox's nationwide automotive distribution network covering the OEMs, 12-volt specialists and aftermarket car dealers.  This partnership is not about 2012 – it's about the future, and our team is very excited to be working with Audiovox.  They know technology, they have proven market leadership and their distribution is unparalleled.  We see this alliance as a win-win not only for Audiovox, AVG and Bongiovi Acoustics but also for the automotive market and its consumers."

For information on becoming an Audiovox Dealer in the US - email us at newaccounts@audiovox.com.

For more information on Audiovox's product lines please visit: http://audiovoxproducts.com.

About VOXX International Corporation

VOXX International Corporation (NASDAQ:VOXX) is the new name for Audiovox Corporation, a company that was formed over 45 years ago as Audiovox that has grown into a worldwide leader in many automotive and consumer electronics and accessories categories, and premium high-end audio.  Through its wholly owned subsidiaries, VOXX International is proudly recognized as the #1 premium loudspeaker company in the world, and has #1 market positions in automotive video entertainment and remote starts, and TV remote controls and reception products.  Now, with the addition of Hirschmann, the Company has #1 market share in automotive TV tuners.  The Company's brands also hold leading market positions across a wide-spectrum of consumer and automotive segments.

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs