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Audiovox Corporation’s Accessories Group Receives Three CEA Innovation Awards

November 9, 2011

HAUPPAUGE, N.Y., Nov. 9, 2011 /PRNewswire/ — Audiovox Corporation (NASDAQ: VOXX), a leading global supplier of mobile and consumer electronics and accessories products, today announced that its wholly owned subsidiary, Audiovox Accessories Corporation, has won three CEA Innovation Awards from the Consumer Electronics Association (CEA). These awards are given annually to companies that lead the industry in innovation. As in years past, Audiovox, through its portfolio of global brands, continues to be recognized for its outstanding quality and drive for product excellence.

Acoustic Research and RCA were recognized last night at the pre-CES press conference, which was held at the Metropolitan Pavilion Center in New York, NY.

  • Acoustic Research (“AR”) brought home two 2012 Design & Engineering Awards in the Portable Multimedia Accessories category. The AR Outdoor Portable Wireless Bluetooth Speakers (Model #: AWSBT1) and the AR Wireless Bluetooth Under-Counter Audio System (Model #: ASPB1) were 2012 Award Honorees.
  • RCA was awarded a 2012 Design & Engineering Award in the Portable Power category. Its USB Wall Plate Charger (Model #s: WP2UWR and WP2UAR) received a Best of Innovation Award, which is the highest honor one can receive from CEA.

“This years’ line-up is sure to be the best the industry has seen. We continue to build out our portfolio of brands and invest in product development to drive innovation across all our companies and brands. I’m very excited with the progress we are making and the commitment our teams have in meeting the needs of our global consumer base. We are also honored that CEA continues to recognize the achievements of our company,” stated Patrick Lavelle, President and CEO of Audiovox.

The prestigious CEA Innovation Award program recognizes 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.

Audiovox will be showcasing its full line of mobile electronics and consumer accessories products at the 2012 International Consumer Electronics Show in Las Vegas in January 2012.

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About Audiovox

Audiovox Corporation (NASDAQ: VOXX) is a leading, global supplier of mobile and consumer electronics products. The Company is the number one high-end loudspeaker company in the world and is also a recognized leader in the marketing of automotive entertainment, vehicle security and remote-start systems. Its’ extensive distribution network includes power retailers and 12-volt specialists as well the major Original Equipment Manufacturers (“OEMs”), both domestically and abroad. The Company is also a recognized leader in the consumer electronics and accessories markets, selling to major retailers worldwide.

Audiovox possesses a strong brand portfolio and its products ranks among the top ten in almost every category in which they sell. Domestic brands include Audiovox, Klipsch, RCA, Invision, Jensen, Omega, Energizer, Terk, Acoustic Research, Advent, Code Alarm, Prestige, Excalibur and SURFACE. International brands include Klipsch, Jamo, Energy, Mirage, Mac Audio, Magnat, Heco, Schwaiger, Oehlbach and Incaar.

Headquartered in Hauppauge, NY, Audiovox has two manufacturing facilities in the United States, several domestic sales and marketing affiliates, and a robust international footprint with offices in Europe, Asia, Canada, Mexico and Venezuela.

For additional information, visit our Web site at www.audiovox.com.

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About CEA

The Consumer Electronics Association (CEA) is the preeminent trade association promoting growth in the $190 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, standards development and the fostering of business and strategic relationships. CEA also owns and produces the International CES – The Global Stage for Innovation. All profits from CES are reinvested into CEA’s industry services. Find CEA online: www.CE.org and www.Innovation-Movement.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 accessories 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, 2011.

Company Contact
Glenn Wiener
GW Communications
Tel: 212-786-6011
Email: gwiener@GWCco.com

SOURCE Audiovox Corporation


Source: PR Newswire