HAUPPAUGE, N.Y., July 19, 2016 /PRNewswire/ -- VOXX
International Corporation (NASDAQ: VOXX), a leading manufacturer
and distributor of Automotive and Consumer technologies for the
global markets, today announced that its wholly-owned subsidiary,
VOXXHirschmann, will officially launch its next generation
Evolution Series ("EVO") Rear Seat Vehicle Infotainment ("RSI")
solution with an initial OEM contract award by General Motors
("GM") for forthcoming model 2018, 2019 and 2020 vehicles. This is
the first delivery on three contract awards for the new EVO system
which is currently undergoing extensive evaluations by multiple
domestic and international automotive manufacturers. Contract award
details were not disclosed.
Commenting on today's announcement, Pat
Lavelle, President and CEO of VOXX International Corporation
stated, "With EVO, we are redefining rear seat vehicle
infotainment, moving far beyond DVD-based systems intended to
entertain our children, to a truly mobile, wireless infotainment
hub for global vehicles. By incorporating advanced media playback
and streaming capabilities with wireless in-car connectivity and
easy-to-integrate form factors designed for OEMs, EVO was created
to enable consumers to seamlessly take and share their content
across multiple devices such as tablets and smartphones, no matter
where they go. We look forward to working with GM and our other OEM
partners to bring the vision of the Connected Car to life."
The EVO product line represents the evolution of rear seat
vehicle infotainment, replacing legacy DVD-based players, allowing
users to create and securely log into their own wireless in-car
rear-seat infotainment networks and share and stream media content
across all occupants of the vehicle regardless of whether the
content is stored and viewed on the EVO system or stored and viewed
on a passenger's mobile device. The EVO system accepts content from
SD card and HDMI/USB-based devices, supports Miracast and DLNA
functionality, and features the EVO Slingplayer, providing
consumers with a live TV experience in the car through
VOXXHirschmann's exclusive partnership with Sling Media. Through
the embedded EVO Slingplayer, Slingbox users can connect through an
in-car Wi-Fi hotspot and watch the same cable/satellite television
package they have in their home including on-demand and previously
recorded DVR content.
The EVO family of products feature:
- Larger (8", 10.1" and up), high resolution screens designed for
Headrest, Seatback, Center Console and Overhead installations
- Digital Bluetooth connection to the vehicle's infotainment
system for high-quality audio playback
- Traditional "D-Pad" mini remote and mobile smart device app
control system facilitating control from a smartphone or directly
from the vehicle's center stack
- Enhanced, intuitive user interface
- Portable device charging
- Smart device connectivity & content sharing
- Simplified vehicle integration with the ability to add EVO to a
vehicle independent of its existing CAN network
- Flexible architecture designed for feature expansion and
updating to meet the changing mobile environment
- Distributed content playback which allows all screens and smart
devices to view the same movie simultaneously
Michael Schroeder, Senior Vice
President, Sales and Business Development with VOXXHirschmann
added, "EVO reflects our ongoing commitment to develop reliable and
cost-effective solutions for OEMs that deliver the advanced
technology consumers demand with simple to integrate designs and
features. We have a longstanding history with GM and commend them
for their ongoing commitment to deliver the most innovative
solutions to their customers."
Mr. Schroeder continued, "VOXXHirschmann, through the
combination of our OEM resources is a market leader in antennas,
tuners, remote start and vehicle access systems, and has been a
leader in rear-seat entertainment since the market's inception. We
are constantly pushing the envelope of innovation and we look
forward to working with our global OEM partners to deliver the best
in-vehicle experience, as we continue to drive positive changes in
the evolving in-vehicle infotainment market."
About VOXX International Corporation
VOXX
International Corporation (NASDAQ: VOXX) has grown into a worldwide
leader in many automotive and consumer electronics and accessories
categories, as well as premium high-end audio. Today, VOXX
International Corporation has an extensive distribution network
that includes power retailers, mass merchandisers, 12-volt
specialists and most of the world's leading automotive
manufacturers. The Company has an international footprint in
Europe, Asia, Mexico
and South America, and a growing
portfolio, which now comprises over 30 trusted brands. Among the
key domestic brands are Klipsch®, RCA®, Invision®, Jensen®,
Audiovox®, Terk®, Acoustic Research®, Advent®, Code Alarm®, Car
Connection®, 808®, AR for Her®, and Prestige®. International brands
include Hirschmann Car Communication®, Klipsch®, Jamo®, Energy®,
Mirage®, Mac Audio®, Magnat®, Heco®, Schwaiger®, Oehlbach® and
Incaar™. For additional information, please visit our Web site at
www.voxxintl.com.
About VOXXHirschmann Corporation
VOXXHirschmann Corp.
is a newly formed subsidiary that combined the domestic and
international OE design, engineering, manufacturing and sales
assets of Hirschmann Car Communication, Audiovox, Code Systems and
Invision. This worldwide collaboration brings together over 220
engineers and dozens of OE Automotive customers and tier-one
companies. VOXXHirschmann has the capabilities to globally support
every level of OE vehicle distribution, from vehicle production
lines to modification centers and ports of entry and embarkation,
to dealerships. Among the global customers served, include
Audi, BMW, Chrysler, Fiat, Ford, GM, Mazda, Mercedes, Nissan,
Subaru, Tesla, Volkswagen, and 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 statements. 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 automotive,
premium audio and consumer accessories businesses; 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; foreign
currency fluctuations and concerns regarding the European debt
crisis; restrictive debt covenants; 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 29, 2016.
Company Contact:
Michael Schroeder, Senior V.P., OEM
Sales and Business Development
VOXXHirschmann Corporation
Tel: 248-307-3883
Email: mschroeder@voxxintl.com
Investor and Media Relations Contact:
Glenn Wiener
GW Communications
Tel: 212-786-6011
Email: gwiener@GWCco.com
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SOURCE VOXX International Corporation