What are Universal Security Instruments Inc's Business Segments?
We market a line of residential smoke and carbon monoxide alarms under the trade
names “UNIVERSAL” and “USI Electric” both of which are
manufactured by the Hong Kong Joint Venture.
Our line of safety alarms consists of units powered by replaceable batteries,
ten year sealed batteries, and electrical with battery backup alarms. Our replaceable
battery products contain different types of batteries with different battery lives,
and some with alarm silencers. The smoke alarms marketed to the electrical distribution
trade also include hearing impaired and heat alarms with a variety of features.
We also market door chimes and ventilation products.
Over the past several fiscal years we have added significantly to our intellectual
property portfolio. Since 2010 the United States Patent and Trademark Office has
awarded eight patents to the Company, many being applied to our “Smart Alarm
Technology” developed to significantly reduce nuisance alarms. This “Smart
Alarm Technology” is being incorporated into our new sealed battery alarms.
In addition, certain of our detector designs have also been awarded patents. We
consider these patented enhancements to form a core part of the Company’s
“next generation” safety product line. The Company has also been awarded
foreign patents for its technology. The Company has actively pursued development
of an array of unique packaging and source identifiers with the intent of promoting
consumer association with our Company’s “next generation” product
line. These efforts have resulted in eight new Trademark registrations being granted
by the United States Patent and Trademark Office.
We also submitted each of our new products for independent testing agency approval,
and have introduced products into the marketplace as approvals were received.
This process began during the fourth quarter of our 2010 fiscal year and continues
with the development and testing of our sealed battery alarms. Currently, we have
received independent testing agency approvals on certain sealed battery products
and we are awaiting approval of additional models of our sealed battery products
before our entire line of new products will have been introduced to the market
by the end of our fiscal year ending March 31, 2017.
Our wholly-owned subsidiary, USI Electric, Inc., focuses its sales and marketing
efforts to maximize safety product sales, especially smoke alarms and carbon monoxide
alarms manufactured by our Hong Kong Joint Venture, to the electrical distribution
trade and to foreign customers.
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