AUDIOVOX LAUNCHES HD RADIO™ ENABLED HOME AUDIO AND PORTABLE SYSTEMS
Hauppauge, NY, January 9, 2012 – Audiovox Electronics Corp. today announced the
introduction of the company’s first line-up of HD Radio enabled home and portable
products that will be marketed under the Audiovox and Acoustic Research Brands.
AR in-home table top units.
Acoustic Research will introduce two high end table top units designed to marry the
quality sound that Acoustic Research is known for with the content provided by HD
Radio Broadcasting. Both the iHD-TR01 and the iHD-TR02 are high performance HD
Radio FM Stereo table top units. The iHD-TR01, with an MSRP of $149.99 features an
iPhone/iPod Dock, iTunes® Tagging, tray loading CD player, high fidelity sound and
other high end features. The iHD-TR02 is a derivative model high end HD Radio Table
top unit with an MSRP of $99.99.
“HD Radio broadcast listening is expanding everywhere, which has increased demand
for these products at retail,” said Tom Malone, President of Audiovox Electronics Corp.
“Millions of HD Radio receivers are being sold each year, and those numbers are
growing consistently. Our distribution channel combined with HD Radio Technology
should make this a win/win situation for our dealers.”
Audiovox iPad, iPhone, iPod Docking Systems with iTunes Tagging
Under the Audiovox brand is the iHD-A01, an attractive iPad/iPhone/iPad docking
speaker system, with HD Radio FM Stereo, iTunes Tagging and high fidelity sound.
Featuring an attractive, high style, low profile design and a MSRP of $79.99.
Additionally from Audiovox is the iHD-BB01, a feature packed HD Radio FM Stereo
Boom box, including a top-load CD Player, iTunes Tagging and many other high value
features. MSRP of the iHD-BB01 is $129.99.
Also from Audiovox are two new HD Radio Portable Players. The iHD-P01 is one of the
most affordable HD Radio Receiver on the market today, with an MSRP of $59.99. The
iHD-P02 is the step-up model and includes the unique Artist Experience feature. HD
Radio receivers with Artist Experience display visual images such as Album Art from HD
Radio broadcasting stations. The MSRP for the iHD-P02 is $79.99.
The Acoustic Research and Audiovox branded HD Radio products will be supported
nationally with a multi-million dollar consumer marketing campaign in conjunction with
the HD Radio Digital Alliance that is designed to raise consumer awareness to HD
Radio Technology. A variety of marketing techniques are planned, including national
radio, internet and promotional events.
“We are delighted to be working closely with the Acoustic Research and Audiovox
teams for these exciting products,” said Bob Struble, President and CEO of iBiquity
Digital Corp., the developer of HD Radio Technology. “Audiovox is an innovative
market leader with world class retail distribution partners and we believe these new
products will get the market exposure they deserve through the relationship. We plan to
work closely with Audiovox and their retail partners to make this launch a great
To see the new HD Radio products by Acoustic Research and Audiovox, visit the
Audiovox Booth located in the Central Hall (#xxx) and the HD Radio booth, located in
the Central Hall (#9033).
About Audiovox Electronics Corporation (AEC):
Audiovox Electronics Corporation (AEC) is a wholly owned subsidiary of VOXX International Corporation
(NASDAQ:VOXX), a leading, global supplier of mobile and consumer electronics products. The
Company holds number one market share in rear seat entertainment as well as remote start systems and is the exclusive provider of SIRIUS XM satellite radio products in the aftermarket. AEC is also a
recognized leader in the marketing of automotive entertainment, rear observation, and vehicle security.
Its extensive distribution network includes power retailers and 12-volt specialists as well nearly all of the
major vehicle manufacturers (“OEMs”), both domestically and abroad.
Audiovox Electronics possesses a strong brand portfolio and its products ranks among the top ten in
almost every category in which they sell. Primary brands include Audiovox®, Invision®, Jensen®,
Omega®, Advent®, Code Alarm®, Prestige®, and Excalibur®.
Headquartered in Hauppauge, NY, Audiovox Electronics has a manufacturing facility in the United States,
and a robust international footprint with offices in Europe, Canada, Mexico and Venezuela. For additional
information, please visit our Web site at www.audiovoxproducts.com.
About VOXX International Corporation:
VOXX International Corporation (NASDAQ:VOXX). The Company that began as Audiovox over 45 years
ago has morphed into a worldwide leader in many automotive and consumer electronics and accessories categories, and now into premium high-end audio. The Company’s brands hold leading market positions across a wide-spectrum of consumer and automotive segments.
Today, VOXX International is a global company….with an extensive distribution network that includes
some of the world’s Fortune 500 companies and an international footprint in Europe, Asia, Mexico and
South America, and a growing brand portfolio, which is now comprised of over 30 trusted brands
including Audiovox®, Klipsch®, RCA®, Invision®, Jensen®, Acoustic Research®, Jamo®, Energy®, Mac
Audio®, Magnat®, Heco®, Schwaiger®, and Oehlbach®. The Company continues to drive innovation
throughout all of its subsidiaries, and maintains its commitment to exceeding the needs of the consumers it serves. For additional information, please visit our Web site at www.voxxintl.com.
About iBiquity Digital Corp. and HD Radio Technology
iBiquity Digital Corporation is the developer of HD Radio Technology, which is fueling the digital radio
revolution in the United States and around the world. The digital technology enables broadcasters to offer new HD2/HD3 FM channels through multicasting, crystal-clear sound and data service on both the AM and FM bands – all free, with no subscription fee. Leading broadcasters, consumer electronics
manufacturers, automakers and retailers are committed to HD Radio Technology. iBiquity Digital is a
privately held company with operations in Columbia, MD, Auburn Hills, MI, and Piscataway, NJ. For more
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; nonavailability 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 VOXX International Corporation 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 on file with the Securities and Exchange Commission (SEC).
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