HAUPPAUGE, N.Y., July 1, 2015 /PRNewswire/ -- VOXX
International Corporation (NASDAQ: VOXX), today announced its first
ever, multi-subsidiary OEM contract. VOXXHirschmann will be
supplying dual DVD head restraints and Klipsch Image ONE headphones
in all 2015 and 2016 model year Cadillac Escalade Platinum Edition
vehicles. While VOXX has been a market leader in automotive
rear-seat entertainment for decades, this marks the first time
Klipsch audio products will be used in the OEM space.
This program began in January
2015, following the launch of the Cadillac Escalade
Platinum, the next generation luxury SUV offered by Cadillac.
The rear-seat entertainment system features VOXXHirschmann's custom
front head restraints containing dual 7" Screen/DVD product with
two Klipsch Premium wired headphones, which complement the vehicles
dual overhead screens. The Klipsch Image ONE headphones were
customized specifically for the Cadillac Escalade Platinum,
matching the luxury and high-end performance features of the
vehicle by offering the consumer the best premium audio
experience.
Commenting on today's announcement, Pat
Lavelle, President and CEO of VOXX International Corporation
stated, "What's exciting about this OEM contract is that it marks
the first time we are using a branded Klipsch audio product as part
of an OEM program and we couldn't be happier to launch with one of
the most prestigious brands in the automotive market. It had
always been our intention to be able to include the Klipsch premium
audio products as part of our automotive offerings and we believe
this is just the beginning."
Catering to on-ear audio enthusiasts, the Image ONE headphones
maintain the same award-winning, high-quality sound signature and
comfort for which Klipsch headphones are known, while introducing
enhancements in build, functionality, design, and
performance. The Company customized this model specifically
for Cadillac Escalade Platinum DVD systems, which now feature an
enhanced audio cable design. To use it with the headrest DVD
system, Klipsch developed a shorter cable, a 3.5mm audio connector
and an audio harness that is attached, while maintaining the volume
control in-line for easy access and use. Additionally, the
Klipsch Image ONE headphones include new, flat ear pads and an
adjustable leather headband for optimal comfort and fit. Watch
movies and use the headphones both with the rear-seat entertainment
system or your mobile device while in the vehicle.
Michael Schroeder, Senior Vice
President, Sales and Business Development with VOXXHirschmann
Corporation added, "We continue to drive innovation for our
automotive customers and have a number of new solutions in the
market and in development, which incorporate the very best in
audio, video, connectivity and security. We look forward to
continuing our work with GM and the Cadillac team for years to
come, to deliver an unparalleled multimedia experience that will
resonate well with their consumers."
About VOXXHirschmann Automotive Group
VOXX
International's Hirschmann Car Communication, Code Systems and
Invision Automotive divisions have globally joined forces as
VOXXHirschmann Corporation to take the provision of premium
automotive connectivity, convenience, security and infotainment
technology to a new and uniquely comprehensive level. Now more than
ever, VOXXHirschmann is equipped and empowered to extend quality,
value and versatility across the entire global automotive supply
chain-direct -from factory to showroom floor. Certified to deliver
exceptionally dependable solutions and support for Tier 1, Tier 2
and Tier 3 operations, VOXXHirschmann designs, manufactures and
integrates "best-in-class" OE audio, entertainment and convenience
solution's for the makers of the world's most desired
vehicles. Our worldwide sales, design and manufacturing
facilities stretch across the globe, operating strategic footholds
throughout North and South
America, Europe and
Asia. With over 220 engineers
globally, VOXXHirschmann develops and delivers premium multimedia
electronics, mobile lifestyle innovations, security and convenience
solutions, and more. For additional information, please visit our
Web site at www.voxxhirschmann.com.
About Klipsch Audio
In 1946 Paul W. Klipsch,
inventor, acoustics pioneer and maverick, founded Klipsch Audio
with the sole purpose of bringing the power, detail and emotion of
the live music experience into his living room. Through the use of
highly efficient speaker designs, handcrafted cabinetry
and a thirst for real engineering
breakthroughs – Klipsch, the great American loudspeaker
company, was born in Hope, AR.
Today, our diverse range of quality audio products includes
speakers and headphones for almost any consumer and professional
application – including cinema, whole-house, wireless, home theater
and portable offerings. Honoring our founder's legacy,
Klipsch continues to be the legendary
high-performance brand of choice for audiophiles and
aficionados around the world. We are the Keepers of the
Sound®. Klipsch Group, Inc. is headquartered in
Indianapolis and is a
wholly-owned subsidiary of VOXX International Corporation (NASDAQ:
VOXX).
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®,
CarLink®, 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.
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 28, 2015.
VOXXHirschmann
Automotive
Group
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VOXX Corporate:
Investor Relations
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Michael Schroeder,
SVP, OEM Sales and Business Development
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Glenn Wiener, GW
Communications
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Tel:
248-307-3883
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Tel:
212-786-6011
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Email:
mschroeder@voxxintl.com
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Email:
gwiener@GWCco.com
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SOURCE VOXX International Corporation