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About Universal Electronics Inc
Universal Electronics Inc (UEIC) is renowned for its advanced control and sensor technology solutions that empower smart home, audio video, and security industries worldwide. With a broad portfolio of patents and significant innovations in universal control systems, the company has established a reputation through its integrated approach to connecting and managing a diverse range of consumer devices. By focusing on the development and support of intelligent sensing technologies, UEIC provides comprehensive solutions that enhance the user experience across smart homes, streaming platforms, and entertainment systems.
Core Business Areas
At the forefront of its operations, Universal Electronics Inc is engaged in the design, development, manufacturing, and shipping of a wide variety of control systems and sensory devices. Its product range spans:
- Universal Control Systems that enable compatibility and seamless interaction across numerous entertainment viewing devices.
- Audio-Video Accessories used across home entertainment and subscription broadcasting markets.
- Wireless Security Solutions that support modern smart home and home automation environments.
- Smart Home Products integrating home automation, intelligent sensing, and security functionalities.
Industry Position and Market Significance
Universal Electronics Inc has carved out a competitive presence in a rapidly evolving market by continually prioritizing research and development. Its technology innovations have not only redefined home entertainment controls but have also paved the way for smarter, more integrated living environments. Operated from the United States, the company generates its revenue through designing and deploying systems that support major brands in the audio video, connected home, and security industries. This strategic positioning is reinforced by a network of global design and development services, which ensures that the company remains at the cutting edge of technological advancements and industry standards.
Technological Innovation and Expertise
The company prides itself on its robust portfolio of intellectual property, which underpins many industry-first innovations. UEIC leverages its deep technical expertise to create products that not only simplify complex consumer interfacing systems but also offer efficient and reliable performance. Emphasis on wireless connectivity, intelligent sensing, and streamlined control protocols reflects its deep-rooted commitment to enhancing both functionality and interoperability in smart devices.
Global Network and Quality Assurance
Operating with a global outlook, Universal Electronics Inc benefits from a widespread network of design and development professionals. This international collaboration enables the continuous improvement and adaptation of its products, ensuring they meet the varied demands of different markets. Quality assurance and adherence to stringent standards across its manufacturing processes underscore the company’s commitment to ensuring that each product delivered meets both customer expectations and rigorous industry benchmarks.
Comprehensive Solution Provider
By integrating its expertise in control systems with innovative sensor technology, Universal Electronics Inc demonstrates a holistic approach to smart home solutions. The company supports not only the technical installation of its products but also offers ongoing support for optimal performance. Its extensive product ecosystem is regularly updated to reflect the evolving needs of modern lifestyles, ensuring that consumers and commercial clients alike benefit from state-of-the-art technology.
Operational Excellence and Research-Driven Strategy
Over several decades, the company has leveraged a research-driven strategy to secure its place as a trusted technology partner in highly competitive markets. Its pioneering work in universal control and sensing technologies has been integral to transforming home entertainment experiences. This continuous pursuit of excellence is mirrored in its expansive portfolio and the commitment to developing practical, user-oriented solutions that efficiently address complex challenges in device interoperability and home automation.
Overall, Universal Electronics Inc stands as a comprehensive provider of control and sensor technology solutions that support a vast array of electronic devices. Its in-depth understanding of industry dynamics, commitment to innovation, and global presence make it a noteworthy entity in the technology sector, emphasizing the importance of connectivity and control in modern living spaces.
Universal Electronics Inc. (NASDAQ: UEIC) will hold a conference call on February 17, 2022, at 4:30 p.m. ET to discuss its Q4 2021 and full year earnings results. The management team will provide key financial updates and address questions from participants. Interested parties can access the call by dialing 877-843-0414 in the U.S. or 315-625-3071 internationally, or via the UEI investor website. A replay will be available for one year on the website.
Universal Electronics Inc. (UEIC) announces the launch of the Nevo® Butler, a hands-free, voice-enabled entertainment and smart home hub in partnership with Vodafone Portugal. This innovative device integrates with Vodafone's infrastructure, enhancing user experience by allowing customers to control connected devices and access entertainment services via voice commands. Nevo Butler supports various ecosystems and aims to expand the functionality of Vodafone's existing voice assistant, driving customer engagement and satisfaction.
Universal Electronics Inc. (NASDAQ: UEIC) launched its new QuickSet®-certified connectivity silicon products at CES 2022 in Las Vegas. These Extreme Low-Power SOCs enhance user experience through increased processing power and energy efficiency. Benefits include up to 2.5 times more processing power, 80% lower power consumption, and integrated energy harvesting capabilities. UEI aims to reduce battery waste and CO2 footprint while ensuring robust security features like ARM TrustZone. The initial offerings include UE961 and UE962, with a multi-protocol version to follow.
Universal Electronics Inc. (NASDAQ: UEIC) will showcase its latest innovations in wireless control solutions for home entertainment and smart home devices at CES 2022 in Las Vegas, January 5–8. Key features include QuickSet 5.0 enhancements, the Nevo Butler hub, and sustainable solutions like the Extreme Low Power (XLP) connectivity SOCs, which consume 80% less battery power. UEI emphasizes interoperability and user experience improvements across its product line, including smart thermostats and advanced remote controls.
Universal Electronics Inc. (NASDAQ: UEIC), a leader in wireless control solutions for entertainment and smart home devices, announced that its CEO, Paul Arling, and CFO, Bryan Hackworth, will participate in the 24th Annual Needham Virtual Growth Conference from January 10-14, 2022. They are scheduled to present on January 13, 2022, at 4:15 p.m. ET, and will host one-on-one meetings from January 11-13, 2022. A live webcast of the presentation will be available for 90 days at www.uei.com.
Universal Electronics Inc. (NASDAQ: UEIC) has achieved a significant victory in its patent infringement case against Roku, Inc. The U.S. International Trade Commission (ITC) has determined that several Roku products infringe on UEI’s patent, leading to a ban on the importation and sale of these products effective January 9, 2022. The ITC found substantial evidence of infringement regarding six claims of UEI’s U.S. Patent No. 10,593,196. UEI plans to work with U.S. Customs and Border Protection to enforce this ban and continues litigation against Roku in federal court.
Universal Electronics Inc. (NASDAQ: UEIC), a leader in wireless control solutions, announced that Chief Financial Officer Bryan Hackworth will attend the Imperial Capital 2021 Security Investor Conference on December 15, 2021. He is scheduled to present at 2:45 PM ET and will conduct one-on-one meetings throughout the day. A live webcast of the presentation will be available on their website for 90 days. Founded in 1986, UEI designs and manufactures technology solutions for home entertainment and smart home devices, partnering with leading brands in various markets.
Universal Electronics Inc. (UEI) reported Q3 2021 financial results with GAAP net sales of $155.6 million, slightly up from $153.5 million in Q3 2020. The company faced macro-economic pressures, with third-quarter sales impacted by shipping delays and component shortages.
Despite these challenges, UEI achieved strong gross margins of 29.4%. For Q4 2021, GAAP net sales are projected between $143 million and $158 million, with expected EPS ranging from $0.10 to $0.25, down from $0.86 in Q4 2020.
Universal Electronics Inc. (NASDAQ: UEIC) will host a conference call on November 4, 2021, at 4:30 p.m. ET, to discuss its Q3 2021 earnings results. The call will provide a comprehensive financial and business update, with management answering questions from participants. U.S. callers can dial 877-843-0414 to access the call, while international participants should use 315-625-3071. The conference call will also be available live on the UEI website and for replay for one year.
Universal Electronics Inc. (NASDAQ: UEIC) and Ambient Photonics are collaborating to integrate groundbreaking low light energy harvesting technology into consumer devices, aiming to reduce battery costs and environmental impact by up to 90%. This partnership will enable self-powered devices, potentially revolutionizing the industry. By utilizing Ambient's high power density solar cells, UEI addresses battery-related challenges and enhances convenience for consumers. Further details will be revealed at CES 2022 in Las Vegas.
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