STOCK TITAN

Universal Electronics Inc. Introduces QuickSet® Widget for the Connected Home

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary

Universal Electronics Inc. (UEIC) announced the launch of QuickSet® Widget, enhancing its smart home technology portfolio. QuickSet Widget enables OEMs to easily upgrade their products for cloud connectivity, offering built-in Wi-Fi and Bluetooth Low Energy. The module simplifies development with a hardware kit and integrates with QuickSet Cloud for device management. Available for sampling in Q2 2021, with volume shipments expected in Q3 2021, the QuickSet Widget aims to improve user experiences across various home product segments. This product reimagines the lifecycle of connected devices.

Positive
  • Launch of QuickSet Widget enhances product offerings in smart home technology.
  • Enables OEMs to upgrade their devices for cloud connectivity, expanding market reach.
  • Offers built-in Wi-Fi and Bluetooth Low Energy for seamless connections.
  • Integrates with QuickSet Cloud services for comprehensive device management.
Negative
  • Dependence on market acceptance of QuickSet Widget, which poses a risk to projected success.
  • Potential delays in development and shipment may affect customer satisfaction and revenue.

Universal Electronics Inc. (UEI) (NASDAQ: UEIC), the global leader in universal control and sensing technologies for the smart home, is introducing QuickSet® Widget. This offering combines UEI’s unique capabilities in high-volume hardware and software to enable interoperability by making it easy for OEMs to upgrade their products to be connected, managed and secured; and deliver ongoing support and services in a cost-effective and scalable manner.

Universal Electronics Inc.'s (UEI) QuickSet® Widget combines UEI’s unique capabilities in high-volume hardware and software to enable interoperability by making it easy for OEMs to upgrade their products to be connected, managed and secured; and deliver ongoing support and services in a cost-effective and scalable manner. (Graphic: Business Wire)

Universal Electronics Inc.'s (UEI) QuickSet® Widget combines UEI’s unique capabilities in high-volume hardware and software to enable interoperability by making it easy for OEMs to upgrade their products to be connected, managed and secured; and deliver ongoing support and services in a cost-effective and scalable manner. (Graphic: Business Wire)

QuickSet Widget modules are available with built-in Wi-Fi and Bluetooth Low Energy connectivity to provide seamless connection to the cloud and other devices in the home, which can be extended with support for Zigbee devices through UEI’s UE878 multi-protocol chip and modules. QuickSet Widget’s hardware development kit simplifies the process for OEMs in creating connected products and experiences.

UEI’s QuickSet Cloud provides a scalable platform for simplifying onboarding and control across entertainment and smart home devices, already in use by many leading brands. QuickSet Widget is integrated with QuickSet Cloud device management services, including a remote management dashboard and mobile software development kit to deliver turnkey capabilities for onboarding, interoperability, management and lifecycle support of connected home products.

QuickSet Widget is also pre-integrated with the new UEI Virtual Agent service, which provides a complete support framework for connected devices, enabling self-help capabilities on and off device, including guided product onboarding, feature discovery and troubleshooting.

QuickSet Widget modules and hardware development kits will be available for sampling in Q2 2021 with volume shipment in Q3 2021.

“QuickSet Widget expands UEI’s portfolio in enabling complete digital transformation of the end user experience across several connected home product segments including HVAC, audio visual and appliances,” said Arsham Hatambeiki, Senior Vice President of Products and Technology at UEI. “Combining our strengths in secure hardware, connectivity and user-focused software features, we have reimagined the lifecycle of connected products from onboarding, interoperability and ongoing support. QuickSet Widget is a secure and reliable connectivity solution, pre-integrated with QuickSet Cloud services delivering device management, telemetry and interoperability; as well as the UEI Virtual Agent delivering continuous support for connected products.”

About Universal Electronics Inc.

Founded in 1986, Universal Electronics Inc. (NASDAQ: UEIC) is the global leader in universal control and sensing technologies for the smart home. The company designs, develops, manufactures and ships over 500 innovative products that are used by the world’s leading brands in the consumer electronics, subscription broadcast, security, home automation, hospitality and climate control markets. For more information, please visit www.uei.com.

QuickSet is a trademark of Universal Electronics Inc.
All other trademarks appearing herein are the property of their respective owners.

Safe Harbor Statement

This press release contains forward-looking statements that are made pursuant to the Safe-Harbor provisions of the Private Securities Litigation Reform Act of 1995. Words and expressions reflecting something other than historical fact are intended to identify forward-looking statements. These forward-looking statements involve a number of risks and uncertainties, including the timely development, delivery and market acceptance of the Quickset Widget products and associated service offerings, and other technologies identified in this release; the continued penetration and growth of smart home products and consumer technologies identified in this release; and other factors described in the Company’s filings with the Securities and Exchange Commission. The actual results that the Company achieves may differ materially from any forward-looking statement due to such risks and uncertainties. The Company undertakes no obligations to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.

FAQ

What is QuickSet Widget launched by UEI?

QuickSet Widget is a new product from Universal Electronics that facilitates cloud connectivity for OEMs, enabling easy upgrades for smart home devices.

When will QuickSet Widget be available for sampling?

QuickSet Widget modules and hardware development kits will be available for sampling in Q2 2021.

What technologies does QuickSet Widget support?

QuickSet Widget supports built-in Wi-Fi, Bluetooth Low Energy, and can extend support for Zigbee devices through UEI’s multi-protocol chip.

What services does QuickSet Widget integrate with?

QuickSet Widget is integrated with QuickSet Cloud, providing device management and support services.

What are the potential risks of the QuickSet Widget launch?

The success of QuickSet Widget depends on market acceptance and timely delivery, with risks including development delays.

Universal Electronics Inc

NASDAQ:UEIC

UEIC Rankings

UEIC Latest News

UEIC Stock Data

102.74M
12.89M
17.7%
68.7%
0.92%
Consumer Electronics
Household Audio & Video Equipment
Link
United States of America
SCOTTSDALE