Audiovox Corporation Receives Four CEA Innovation Awards
Copyright 2010 PR Newswire. All Rights Reserved 2009-11-11
HAUPPAUGE, N.Y., Nov. 11 /PRNewswire-FirstCall/ -- Audiovox Corporation (Nasdaq:
VOXX) today announced that it has won four CEA Innovation Awards from the
Consumer Electronics Association (CEA). The CEA made the announcement last night
at their pre-CES press conference. These awards traditionally recognize the most
innovative electronics and accessories companies and Audiovox continues on its
pace by winning multiple awards again this year.
-- In Vehicle TV-Advent/FLO TV-Model ADVFLO9
-- Audio Accessories: RCA Voice Control Remote-Model RCRV06G
-- Wireless Speakers: Acoustic Research Outdoor Wall Lantern & Wireless
Speaker-Model AW 850
-- Rear Seat Entertainment System-Audiovox Mobile Video with SONY
Playstation2 built in system-Model VOD10PS2
Patrick Lavelle, President and CEO of Audiovox stated, "Despite the challenges
that the current economic environment places on our resources, we remain
committed to expanding sales through product development and innovation. We are
honored by this recognition by CEA and vow to continue to strive to deliver the
very best in quality and innovation to this great market we serve."
Audiovox displayed their innovative products at CES Unveiled@NY, which was held
on November 10, 2009 at the Metropolitan Pavilion Center in New York, NY. The
Company will be showcasing these products as well as its full line of mobile
electronics, consumer electronics and accessories products at the 2010
International Consumer Electronics Show (CES) in Las Vegas, NV in January 2010.
The prestigious CEA Innovation Award program recognized technologies,
applications, products, and services judged to be the most unique in design and
engineering and beneficial to the consumer electronics industry. The winning
products are selected by a panel of independent industrial designers, engineers
and trade press editors based on engineering and design qualities, uniqueness,
user value, contributions to consumers' quality of life and the impact on the
manufacturer's business.
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, RCA, Jensen,
Acoustic Research, Energizer, Advent, Code Alarm, TERK, Prestige and SURFACE
brands. For additional information, visit our Web site at www.audiovox.com.
AboutCEA
The Consumer Electronics Association (CEA) is the preeminent trade association
promoting growth in the $172 billion U.S. consumer electronics industry. More
than 2,000 companies enjoy the benefits of CEA membership, including legislative
advocacy, market research, technical training and education, industry promotion
and the fostering of business and strategic relationships. CEA also sponsors and
manages the International CES - Where Entertainment, Technology and Business
Converge. All profits from CES are reinvested into CEA's industry services. Find
CEA online at www.CE.org [http://www.CE.org].
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, 2009.
Company Contact:
GW Communications, Glenn Wiener, Tel: 212-786-6011, gwiener@GWCco.com
SOURCE Audiovox Corporation
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