HAUPPAUGE, N.Y., Nov. 18, 2014 /PRNewswire/ -- VOXX International
Corporation (NASDAQ: VOXX), today announced that its wholly owned
subsidiary, VOXX Electronics Corporation (VEC) and AT&T have
signed an agreement to offer wireless data service to VOXX
international Telematics users on a global basis. VOXX currently
promotes and sells the Car Connection product line and services in
the United States. With this agreement, VOXX Electronics is
now able to provide service to their Car Connection Telematics
customers internationally. Additionally, VOXX Electronics and
AT&T also reached agreement on a new LTE 4G data plan program
for the U.S.
"We have several programs under review outside of the U.S., and
working with AT&T on these efforts is exciting for the
potential customers who will benefit as a result," said
Dan Murphy, VP of Telematics
Solutions for VOXX Electronics Corporation. "Through this
agreement, we have the ability to expand outside of the U.S. and
further grow the number of users of our Car Connection
program."
VOXX Electronics initially introduced its Car Connection
Telematics device in November 2013,
launching at select retail outlets nationwide. Car
Connection, an M2M-based OBD device that provides up to nine in-car
wireless connected vehicle services, was designed to enable
consumers to monitor, manage and maintain their vehicle's health,
driving habits and location, and through optional ZoomSafer
technology, restrict cell phone usage while driving. Many of
these services can also be used for Business to Business
applications such as small fleets. In June
2014, the Company announced the formal launch of its
Insurance Discount Program, aligning with three insurance carriers,
including Liberty Mutual Insurance, American Family Insurance, and
The General Insurance. The new insurance program provides
consumers with the ability to save hundreds of dollars on their car
insurance policy when they sign up for Car Connection.
"Car Connection is currently available in our U.S.-based retail
stores and online, and now we can expand the program to other
markets," said Chris Penrose, senior
vice president, Internet of Things, AT&T Mobility. "We
look forward to working with VOXX Electronics over the coming years
and expanding this program, as we believe driver safety and vehicle
maintenance are two very important issues for consumers across the
world. The ability to block texting while driving is such an
important feature and has received significant attention in the
U.S. With VOXX Electronics, we can bring these important
features to our global customer base."
Car Connection Key Features:
- Driver Scoring: Monitor driver habits. Great for
coaching new or aging drivers.
- Fuel Savings: Monitor daily driving habits and generate
reports. Gives fuel savings tips.
- Vehicle Location: Know where your vehicle is, or where
it is heading. Track online or form a smartphone in real-time.
Notifies you if your vehicle has been moved or towed.
- Restrict Phone Usage: Smartphone app for Android and
Blackberry to limit control of the phone while driving.
- Safety Zones: Know where and when your teen or aging
driver travels. Set boundaries and receive notifications and alerts
when a boundary is breached.
- Vehicle Health: Know what your mechanic knows before you
go for a service.
- LotSpot: Guides you back to your car no matter
where you are.
Car Connection is available in the USA today. You can find full details on the
Car Connection website at www.mycar-connection.com.
For more information on becoming a VOXX Electronics Dealer in
the US, email us at newaccounts@audiovox.com.
About VOXX Electronics Corporation
VOXX Electronics Corporation (VEC) is a wholly-owned subsidiary
of VOXX International Corporation (NASDAQ:VOXX), a leading, global
supplier of mobile and consumer electronics products. VEC is
a recognized leader in the marketing of automotive entertainment,
Location Based Services (LBS), rear observation systems, and
vehicle security. The company has recently added new product
categories that include imagery with its action cameras and
biometrics with its iris identification products. Its
extensive distribution network includes power retailers and 12-volt
specialists as well as nearly all of the major vehicle
manufacturers ("OEMs"), both domestically and abroad.
VOXX Electronics possesses a strong brand portfolio and its
products rank among the top ten in almost every category in which
they sell. Primary brands include Audiovox®, Invision®, Jensen®,
Car Connection, Omega®, Advent®, Code Alarm®, Prestige®, Pursuit®
and Excalibur®. For additional information, please visit our
Web site at www.audiovoxproducts.com.
About VOXX International Corporation
VOXX International Corporation (NASDAQ:VOXX), formerly Audiovox
Corporation, was formed over 45 years ago and has grown into a
worldwide leader in many automotive and consumer electronics and
accessories categories, as well as premium high-end audio.
Through its wholly-owned subsidiaries, VOXX International proudly
is recognized as the #1 premium loudspeaker company in the world,
and has #1 market positions in automotive video entertainment and
remote starts, digital TV tuners and digital antennas. The
Company's brands also hold #1 market share for TV remote controls
and reception products and leading market positions across a
wide-spectrum of other consumer and automotive segments.
Today, VOXX International Corporation is a global company, with
an extensive distribution network that includes power retailers,
mass merchandisers, 12-volt specialists and most of the world's
leading automotive manufacturers. The Company has an
international footprint in Europe,
Asia, Mexico and South
America, and a growing portfolio, which now comprises over
30 trusted brands. Among the key domestic brands are Klipsch®,
RCA®, Invision®, Jensen®, Audiovox®, Terk®, Acoustic Research®,
Advent®, Code Alarm®, CarLink®, 808®, AR for Her®, and Prestige®.
International brands include Hirschmann Car Communication®,
Klipsch®, Jamo®, Energy®, Mirage®, Mac Audio®, Magnat®, Heco®,
Schwaiger®, Oehlbach® and Incaar™. The Company continues to
drive innovation throughout all of its subsidiaries, and maintains
its commitment to exceeding the needs of the consumers it
serves. For additional information, please visit our Web site
at www.voxxintl.com.
Safe Harbor Statement
Except for historical information contained herein,
statements made in this release that would constitute
forward-looking statements may involve certain risks and
uncertainties. All forward-looking statements made in this release
are based on currently available information and the Company
assumes no responsibility to update any such forward-looking
statements. The following factors, among others, may cause actual
results to differ materially from the results suggested in the
forward-looking statements. The factors include, but are not
limited to risks that may result from changes in the Company's
business operations; our ability to keep pace with technological
advances; significant competition in the automotive, premium audio
and consumer accessories businesses; our relationships with key
suppliers and customers; quality and consumer acceptance of newly
introduced products; market volatility; non-availability of
product; excess inventory; price and product competition; new
product introductions; foreign currency fluctuations and concerns
regarding the European debt crisis; restrictive debt covenants; the
possibility that the review of our prior filings by the SEC may
result in changes to our financial statements; and the possibility
that stockholders or regulatory authorities may initiate
proceedings against VOXX International Corporation and/or our
officers and directors as a result of any restatements. Risk
factors associated with our business, including some of the facts
set forth herein, are detailed in the Company's Form 10-K for the
fiscal year ended February 28,
2014.
Investor Relations
Contact:
|
Media Relations
Contact:
|
Glenn Wiener,
President
|
Larissa
Bertolotti
|
GW
Communications
|
VOXX International
Corporation
|
Tel:
212-786-6011
|
Tel:
631-436-6408
|
Email:
gwiener@GWCco.com
|
Email:
lbertolotti@voxxintl.com
|
SOURCE VOXX International Corporation