HAUPPAUGE, N.Y., June 1, 2016 /PRNewswire/ -- VOXX International
Corporation (NASDAQ: VOXX), today announced that its wholly-owned
subsidiary, VOXXHirschmann, a tier-one supplier to global
automotive original equipment manufacturers ("OEMs"), enhances its
supply of its long-range remote start products to one of its
long-standing customers, Subaru. With this new, multi-year contract
award, VOXXHirschmann's remote start technology is available for
Subaru's most popular line of vehicles including the new, Forester,
Legacy and Outback models.
Commenting on today's announcement, Pat
Lavelle, President and CEO of VOXX International Corporation
stated, "We are pleased to expand our business relationship with
Subaru through this new award for our long-range remote start
technology, making it a new convenience option on the brand's
top-selling models. This latest contract reflects the success of
our ongoing efforts to meet the evolving requirements of our
automotive customers and consumers seeking reliable and new,
cost-effective in-vehicle technologies."
The new Subaru OEM contract was awarded to VOXXHirschmann in the
fourth quarter of 2015 (CY) and includes the Company's long-range
remote start technology for all "push to start" 2014 – 2018
Forester and 2015 – 2019 Legacy and Outback models. The
VOXXHirschmann long-range remote start system significantly
enhances key fob range up to 1,000ft, 3 – 4 times the distance of
the traditional original equipment key fobs.
This announcement follows the recent receipt of the 2015
Subaru Supplier Excellence Award given to the VOXXHirschmann
team in recognition of its outstanding achievement in all areas of
supplier performance, and is the second consecutive year in which
VOXXHirschmann has received this honor.
Michael Schroeder, Senior Vice
President, Sales and Business Development with VOXXHirschmann
added, "Both this latest award and the recognition bestowed upon
VOXXHirschmann by Subaru is a testament to our team's hard work in
satisfying and exceeding stringent customer requirements and
expectations, while recognizing our ability to deliver consistently
high levels of performance. We've enjoyed a long-standing
partnership with Subaru and look forward to driving innovation on
behalf of their loyal customer base. All of us at
VOXXHirschmann remain committed to providing the automotive
industry with the most innovative OEM solutions, whether remote
starts, rear-seat infotainment, digital antennas and tuners,
keyless entry products, and some of our newer developed products
that will be coming to market within the next few years."
About VOXX International Corporation
VOXX
International Corporation (NASDAQ: VOXX) has grown into a worldwide
leader in many automotive and consumer electronics and accessories
categories, as well as premium high-end audio. Today, VOXX
International Corporation has 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®, Car
Connection®, 808®, AR for Her®, and Prestige®. International brands
include Hirschmann Car Communication®, Klipsch®, Jamo®, Energy®,
Mirage®, Mac Audio®, Magnat®, Heco®, Schwaiger®, Oehlbach® and
Incaar™. For additional information, please visit our Web site at
www.voxxintl.com.
About VOXXHirschmann Corporation
VOXXHirschmann Corp.
is a newly formed subsidiary that combined the domestic and
international OE design, engineering, manufacturing and sales
assets of Hirschmann Car Communication, Audiovox, Code Systems and
Invision. This worldwide collaboration brings together over 200
engineers and dozens of OE Automotive customers and tier-one
companies. VOXXHirschmann has the capabilities to globally support
every level of OE vehicle distribution, from vehicle production
lines to modification centers and ports of entry and embarkation,
to dealerships. Among the global customers served, include
Audi, BMW, Chrysler, Fiat, Ford, GM, Mazda, Mercedes, Nissan,
Subaru, Tesla, Volkswagen, and more. For more information, please
visit us online at www.voxxhirschmann.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 29, 2016.
Company Contact:
Michael Schroeder, Senior V.P., OEM
Sales and Business Development
VOXXHirschmann Corporation
Tel: 248-307-3883
Email: mschroeder@voxxintl.com
Investor and Media Relations Contact:
Glenn Wiener
GW Communications
Tel: 212-786-6011
Email: gwiener@GWCco.com
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SOURCE VOXX International Corporation