FREMONT, Calif., Nov. 29, 2004, ROMANEL-SUR-MORGES, Switzerland, Nov. 30 and CYPRESS, Calif. Nov. 29, 2004 -- Logitech (SWX: LOGN) (NASDAQ: LOGI) and Universal Electronics Inc. (UEI) (NASDAQ: UEIC) today announced that the two companies have entered into a business relationship in which Logitech has licensed certain UEI technologies to be used in the Logitech Harmony line of advanced remote controls. In addition, the parties have agreed to explore mutually beneficial opportunities related to the supply and manufacture of remote controls, including the opportunity for UEI to license certain technology from Logitech. The agreement, the specific terms of which are confidential, is part of an overall business relationship that includes settling patent infringement litigation currently pending in the Federal District Court of the Central District of California between UEI and Logitech.
About Logitech
Founded in 1981, Logitech designs, manufactures and markets personal peripherals that enable people to effectively work, play, and communicate in the digital world. Logitech International is a Swiss public company traded on the Swiss Stock Exchange (LOGN) and in the U.S. on the Nasdaq National Market System (LOGI). The company has manufacturing facilities in Asia and offices in major cities in North America, Europe and Asia Pacific.
About Universal Electronics
Universal Electronics Inc., based in Southern California, develops firmware and turnkey solutions as well as software designed to enable consumers to wirelessly connect, control and interact with an increasingly complex home environment. The company's primary markets include original equipment manufacturers (OEMs) in consumer electronics and personal computing, as well as multiple system operators in the cable and satellite subscription broadcasting markets. Over the past 16 years, the company has developed a broad portfolio of patented technologies and the industry's leading database of home connectivity software that it licenses to its customers, including many leading Fortune 500 companies. In addition, UEI sells its universal wireless control products and other audio/visual accessories through its European headquarters in The Netherlands, and to distributors and retailers in Europe, Asia, Latin America, South Africa and Australia/New Zealand under the One For All® brand name. More information about UEI can be obtained at http://www.uei.com/.
Certain matters discussed in this press release may be forward-looking statements that involve a number of risks and uncertainties, including the amount of business that may be generated by Logitech and/or UEI resulting from the business relationship discussed herein. The companies undertake no obligation to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
Universal Electronics Inc., the UEI logo, and other UEI marks, including the One For All mark, are owned by UEI and may be registered. All other trademarks are the property of their respective owners.
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Logitech, the Logitech logo, and other Logitech marks are owned by Logitech and may be registered. All other trademarks are the property of their respective owners.