Audiovox Expands OE Sound Solution Line
Poster: SySAdmin
Posted on January 5, 2011 at 2:07:01 PM
Audiovox Expands OE Sound Solution Line
Now Supplying radios for Toyota, Hyundai, GM and VW up to 19 new models planned by end of 2011
LAS VEGAS, Jan. 5, 2011 /PRNewswire/ -- International CES, Center Hall, Booth 10406-10418 -- Audiovox Corporation (Nasdaq: VOXX) today announced the expansion of its OE Sound Solution line to include nine models introduced at this year's CE show and the commitment to deliver another 8 to 10 models throughout 2011.
"These new infotainment systems expand on the Company's existing line for Camry and Corolla and add head units compatible with VW, Honda, Hyundai, Toyota and GM," said Tom Malone, President of Audiovox Electronics. "Audiovox was the very first company that supplied aftermarket radios with an OE style back some 45 years ago with our SPS Custom Line of auto sound. These new radios are the modern equivalent of that line providing the car dealer viable alternatives to factory installed systems that deliver increased profit opportunities."
Where many competitive OE solutions offer limited capabilities, these products come with some of the most sought after consumer features like built-in Navigation with Navteq US/Canada maps, built-in Parrot Bluetooth, hi-res touch screen displays (7" and 8" depending on model), Made for iPod and iPhone, XM -ready, and 3-year warranty.
While most of the line is designed to fit specific vehicles the GM and VW models fit multiple car models. The Company plans to introduce a universal double DIN with built-in Navigation which will be compatible with most vehicles.
The beauty of these systems for the consumer is that there are no package purchases that include unwanted options so they can just purchase the radio upgrade....and the cost of the radio upgrade can be included in the vehicle's monthly payments. In addition, these heads unit also come with a 3-year warranty.
"The new car market in the US appears to be turning the corner and all industry estimates point to continued improvements. We believe our OE sound solutions provide the dealer with consumer desired options that present profit opportunities....a win, win," Malone concluded.
Models:
-------
Universal:
----------
ADVUV630 - Universal double DIN
Volkswagen
----------
OVW1 - For multiple vehicles
Honda:
------
OHOCVC1 - Civic
OHOCRV1 - CRV
Hyundai
-------
OHYSON1 - Sonata
OHYSFE1 - Santa Fe
Toyota:
-------
OTOHIG1 - Highlander
OTORAV1 - RAV4
GM:
---
OGM1 - For multiple vehicles including vehicles with factory Bose systems
For more information on Audiovox's OE Mobile Entertainment product line, please visit http://adventproducts.com/.
About Audiovox
Audiovox (Nasdaq: VOXX) is a recognized leader in the marketing of automotive entertainment, vehicle security and remote start systems, consumer electronics products and consumer electronics accessories. The company is number one in mobile video and places in the top ten of almost every category that it sells. Among the lines marketed by Audiovox are its mobile electronics products including mobile video systems, auto sound systems including satellite radio, vehicle security and remote start systems; consumer electronics products such as MP3 players, digital camcorders, DVRs, Internet radios, clock radios, portable DVD players, multimedia products like digital picture frames and home and portable stereos; consumer electronics accessories such as indoor/outdoor antennas, connectivity products, headphones, speakers, wireless solutions, remote controls, power & surge protectors and media cleaning & storage devices; Energizer®-branded products for rechargeable batteries and battery packs for camcorders, cordless phones, digital cameras and DVD players, as well as for power supply systems, automatic voltage regulators and surge protectors. The company markets its products through an extensive distribution network that includes power retailers, 12-volt specialists, mass merchandisers and an OE sales group. The company markets products under the Audiovox, Advent, RCA, Jensen, Acoustic Research, Energizer, Code Alarm, Invision, Prestige, Schwaiger, SURFACE and Terk brands. For additional information, visit our Web site at http://www.audiovox.com.
Safe Harbor Statement
Except for historical information contained herein, statements made in this release that would constitute forward-looking statements may involve certain risks and uncertainties. All forward-looking statements made in this release are based on currently available information and the Company assumes no responsibility to update any such forward-looking statement. The following factors, among others, may cause actual results to differ materially from the results suggested in the forward-looking statements. The factors include, but are not limited to, risks that may result from changes in the Company's business operations; our ability to keep pace with technological advances; significant competition in the mobile and consumer electronics businesses as well as the wireless business; our relationships with key suppliers and customers; quality and consumer acceptance of newly introduced products; market volatility; non-availability of product; excess inventory; price and product competition; new product introductions; the possibility that the review of our prior filings by the SEC may result in changes to our financial statements; and the possibility that stockholders or regulatory authorities may initiate proceedings against Audiovox and/or our officers and directors as a result of any restatements. Risk factors associated with our business, including some of the facts set forth herein, are detailed in the Company's Form 10-K for the fiscal year ended February 28, 2010 and in its most recent quarterly filing with the Securities and Exchange Commission (SEC).
Audiovox Contacts:
------------------
Laurie Shulman, Marina Maher
Jeremy Stoehr Communications
Phone: 1-631-436-6371 Phone: 1-212-485-6865
Email: jstoehr@audiovox.com Email: lshulman@mahercomm.com
SOURCE Audiovox Corporation
Audiovox Corporation
CONTACT: Jeremy Stoehr, Audiovox, +1-631-436-6371, jstoehr@audiovox.com; or Laurie Shulman, Marina Maher Communications, +1-212-485-6865, lshulman@mahercomm.com
Web Site: http://www.audiovox.com
Now Supplying radios for Toyota, Hyundai, GM and VW up to 19 new models planned by end of 2011
LAS VEGAS, Jan. 5, 2011 /PRNewswire/ -- International CES, Center Hall, Booth 10406-10418 -- Audiovox Corporation (Nasdaq: VOXX) today announced the expansion of its OE Sound Solution line to include nine models introduced at this year's CE show and the commitment to deliver another 8 to 10 models throughout 2011.
"These new infotainment systems expand on the Company's existing line for Camry and Corolla and add head units compatible with VW, Honda, Hyundai, Toyota and GM," said Tom Malone, President of Audiovox Electronics. "Audiovox was the very first company that supplied aftermarket radios with an OE style back some 45 years ago with our SPS Custom Line of auto sound. These new radios are the modern equivalent of that line providing the car dealer viable alternatives to factory installed systems that deliver increased profit opportunities."
Where many competitive OE solutions offer limited capabilities, these products come with some of the most sought after consumer features like built-in Navigation with Navteq US/Canada maps, built-in Parrot Bluetooth, hi-res touch screen displays (7" and 8" depending on model), Made for iPod and iPhone, XM -ready, and 3-year warranty.
While most of the line is designed to fit specific vehicles the GM and VW models fit multiple car models. The Company plans to introduce a universal double DIN with built-in Navigation which will be compatible with most vehicles.
The beauty of these systems for the consumer is that there are no package purchases that include unwanted options so they can just purchase the radio upgrade....and the cost of the radio upgrade can be included in the vehicle's monthly payments. In addition, these heads unit also come with a 3-year warranty.
"The new car market in the US appears to be turning the corner and all industry estimates point to continued improvements. We believe our OE sound solutions provide the dealer with consumer desired options that present profit opportunities....a win, win," Malone concluded.
Models:
-------
Universal:
----------
ADVUV630 - Universal double DIN
Volkswagen
----------
OVW1 - For multiple vehicles
Honda:
------
OHOCVC1 - Civic
OHOCRV1 - CRV
Hyundai
-------
OHYSON1 - Sonata
OHYSFE1 - Santa Fe
Toyota:
-------
OTOHIG1 - Highlander
OTORAV1 - RAV4
GM:
---
OGM1 - For multiple vehicles including vehicles with factory Bose systems
For more information on Audiovox's OE Mobile Entertainment product line, please visit http://adventproducts.com/.
About Audiovox
Audiovox (Nasdaq: VOXX) is a recognized leader in the marketing of automotive entertainment, vehicle security and remote start systems, consumer electronics products and consumer electronics accessories. The company is number one in mobile video and places in the top ten of almost every category that it sells. Among the lines marketed by Audiovox are its mobile electronics products including mobile video systems, auto sound systems including satellite radio, vehicle security and remote start systems; consumer electronics products such as MP3 players, digital camcorders, DVRs, Internet radios, clock radios, portable DVD players, multimedia products like digital picture frames and home and portable stereos; consumer electronics accessories such as indoor/outdoor antennas, connectivity products, headphones, speakers, wireless solutions, remote controls, power & surge protectors and media cleaning & storage devices; Energizer®-branded products for rechargeable batteries and battery packs for camcorders, cordless phones, digital cameras and DVD players, as well as for power supply systems, automatic voltage regulators and surge protectors. The company markets its products through an extensive distribution network that includes power retailers, 12-volt specialists, mass merchandisers and an OE sales group. The company markets products under the Audiovox, Advent, RCA, Jensen, Acoustic Research, Energizer, Code Alarm, Invision, Prestige, Schwaiger, SURFACE and Terk brands. For additional information, visit our Web site at http://www.audiovox.com.
Safe Harbor Statement
Except for historical information contained herein, statements made in this release that would constitute forward-looking statements may involve certain risks and uncertainties. All forward-looking statements made in this release are based on currently available information and the Company assumes no responsibility to update any such forward-looking statement. The following factors, among others, may cause actual results to differ materially from the results suggested in the forward-looking statements. The factors include, but are not limited to, risks that may result from changes in the Company's business operations; our ability to keep pace with technological advances; significant competition in the mobile and consumer electronics businesses as well as the wireless business; our relationships with key suppliers and customers; quality and consumer acceptance of newly introduced products; market volatility; non-availability of product; excess inventory; price and product competition; new product introductions; the possibility that the review of our prior filings by the SEC may result in changes to our financial statements; and the possibility that stockholders or regulatory authorities may initiate proceedings against Audiovox and/or our officers and directors as a result of any restatements. Risk factors associated with our business, including some of the facts set forth herein, are detailed in the Company's Form 10-K for the fiscal year ended February 28, 2010 and in its most recent quarterly filing with the Securities and Exchange Commission (SEC).
Audiovox Contacts:
------------------
Laurie Shulman, Marina Maher
Jeremy Stoehr Communications
Phone: 1-631-436-6371 Phone: 1-212-485-6865
Email: jstoehr@audiovox.com Email: lshulman@mahercomm.com
SOURCE Audiovox Corporation
Audiovox Corporation
CONTACT: Jeremy Stoehr, Audiovox, +1-631-436-6371, jstoehr@audiovox.com; or Laurie Shulman, Marina Maher Communications, +1-212-485-6865, lshulman@mahercomm.com
Web Site: http://www.audiovox.com