Safe Harbor StatementThis 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 Wi-Fi Direct based remote control platforms, and other 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.
Universal Electronics Inc. (UEI) (NASDAQ:UEIC) today announced a new universal remote control evaluation platform code named “Leaf” that leverages Wi-Fi Direct to deliver uncompressed high quality voice and motion navigation for an intuitive control experience, as well as traditional navigation, in a small form factor remote designed to support two emerging applications in content control. According to ABI Research, 17 million Wi-Fi-enabled flat panel TVs were reportedly shipped in 2011. That number is projected to grow to nearly 70 million by 2017. The UEI Leaf platform leverages Wi-Fi Direct connectivity to extend the ubiquitous use of Wi-Fi in home entertainment devices to the remote control, with virtually no compromise in power, latency, and cost versus competing technologies. The UEI Leaf platform offers high data-rate, low latency, and ultra-low power by utilizing Wi-Fi Direct RF technology to deliver features such as voice-based user recognition, voice search, and motion control in a small form factor with very low power requirements, and minimal integration. “By utilizing Wi-Fi Direct, we are able to build uncompromising control solutions that are optimized for form and functionality,” says Arsham Hatambeiki, Executive Director, Applied Innovations at Universal Electronics. “The combination of high data rate, low latency and efficiency of Wi-Fi Direct make the UEI Leaf platform ideal for customers who traditionally had to sacrifice one for the other. ” Live demonstrations are planned at UEI’s booth 20211 in South Hall 1 at the International Consumer Electronics Show (CES) in Las Vegas, January 8-11, 2013. About Universal Electronics Inc. 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. More information is available at www.uei.com. All trademarks appearing herein are the property of their respective owners.