Universal Electronics Inc. ("UEI") was incorporated under the laws
of Delaware in 1986 and began operations in 1987. The principal executive offices
are located at 201 E. Sandpointe Avenue, 8th Floor, Santa Ana, California 92707.
Universal Electronics Inc. develops control and sensor technology solutions
and manufactures a broad line of pre-programmed and universal remote control
products, audio-video ("AV") accessories, and intelligent wireless
security and automation components dedicated to redefining the home entertainment
and security experience. Our offerings include the following:
easy-to-use, pre-programmed universal infrared ("IR") and radio frequency
("RF") remote controls that are sold primarily to subscription broadcasting
providers (cable, satellite and IPTV), original equipment manufacturers ("OEMs"),
retailers, and private label customers;
integrated circuits, on which our software and universal device control database
is embedded, sold primarily to OEMs, subscription broadcasting providers, and
private label customers;
software, firmware and technology solutions that can enable devices such as
TVs, set-top boxes, stereos, smart phones, tablets, gaming controllers and other
consumer electronic devices to wirelessly connect and interact with home networks
and interactive services to control and deliver digital entertainment and information;
intellectual property which we license primarily to OEMs, software development
companies, private label customers, and subscription broadcasting providers;
proprietary and standards-based RF sensors designed for residential security,
safety and automation applications; and
AV accessories sold, directly and indirectly, to consumers.
Principal Products and Markets
Our principal markets are the subscription broadcast, consumer electronics and
residential security markets where our customers include subscription broadcasters,
OEMs, international retailers, private label brands, pro-security dealers and
companies in the computing industry.
We provide subscription broadcasting providers, both domestically and internationally,
with our universal remote control devices and integrated circuits, on which
our software and device code database library is embedded. We also sell integrated
circuits, on which our software and IR device control code database is embedded,
and license our IR device control database to OEMs that manufacture televisions,
digital audio and video players, streamer boxes, cable converters, satellite
receivers, set-top boxes, room air conditioning equipment, game consoles, and
wireless mobile phones and tablets.
We continue to place significant emphasis on expanding our sales and marketing
efforts to subscription broadcasters and OEMs in Asia, Latin America and Europe.
Owning and operating our own factories in the Peoples Republic of China ("PRC")
has enhanced our ability to compete in the OEM and subscription broadcasting
markets. In addition, we have opened subsidiaries in Brazil and Mexico, which
have allowed us to increase our reach and better compete in the Central and
Latin American subscription broadcast market. We plan to continue to add new
sales and administrative personnel to support anticipated sales growth in international
markets over the next few years.
We continue to pursue further penetration of the more traditional OEM consumer
electronics markets as well as newer product categories in the mobile electronics
markets such as smart phones, tablets and other mobile smart devices. Customers
in these markets integrate our products and technology into their products to
simplify and expand the universal control capabilities of home entertainment
ecosystems. Growth in these markets has been driven by the increasing complexity
of home entertainment, emerging digital technology, multimedia and interactive
internet applications, and the increasing proliferation of connected smart devices
offered by OEMs.
