ORLANDO, Fla., Jan. 6, 2020 /PRNewswire/ -- VOXX Automotive
Corp., a wholly-owned subsidiary of VOXX International Corporation
(NASDAQ: VOXX), today announced that in collaboration with Amazon
(NASDAQ: AMZN), it will be developing solutions that will bring
Amazon's Fire TV to the automotive market.
VOXX Automotive Corp. has been a leader in rear-seat
entertainment for decades, providing innovative solutions to both
global OEM's and to the automotive aftermarket. Over the past
several years, through a commitment to innovation and bridging the
gap between content, connectivity and devices, the Company has
formed several alliances with industry leaders that enrich the
in-vehicle consumer experience.
Through its award-winning rear-seat entertainment system, EVO,
passengers can not only watch their favorite DVD's, they can access
their own digital content and wirelessly share this experience with
mobile devices, in addition to accessing their cable programming
through Sling Media. Now, VOXX Automotive Corp. will be working
with Amazon to deliver solutions and services that can
significantly accelerate the development cycle of Fire TV for
automakers.
The Company also announced today that it has entered into a
tier-1 supply agreement with one of the world's largest global auto
makers, with plans to integrate Fire TV into this OEM's vehicle
programs in calendar year 2021. No additional details were provided
at this time, though the Company intends to have further updates as
development progresses and as it moves closer to
commercialization.
"By working with Amazon to enable Fire TV for in-vehicle
entertainment, we have been able to create a reference
implementation that automotive OEMs can build into their vehicle
programs and bring all of the rich entertainment of Fire TV into
automotive grade installations," stated Ed
Mas, President, VOXX Automotive Corp. "This is a very
exciting venture for our OEM operations, and we continue to look
for innovative ways, whether through product development or
partnerships, to enhance the consumer experience further."
About VOXX Automotive Corp.
VOXX Automotive Corp. is a wholly-owned subsidiary of VOXX
International Corporation and brings together the Company's OEM and
aftermarket automotive businesses, including the OEM operations of
Invision® Automotive Systems and Code Alarm®, and a diverse
set of aftermarket solutions leveraging its 12-volt and retail
distribution networks. From the most innovative rear-seat
entertainment solutions, to advanced security and remote start
solutions, VOXX Automotive Corp. has been working with many of the
world's most respected OEM's for decades. With over 160 engineers
on staff, we are committed to developing next-generation
technologies that bridge the gap between content, devices and
connectivity. For more information on VOXX Automotive, please visit
our website at www.voxxautomotive.com.
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 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 and Latin
America, and a growing portfolio which is comprised of over
30 trusted brands. For additional information, please visit our
website at www.voxxintl.com.
Safe Harbor Statement
Except for historical information contained herein, statements
made in this release constitute forward-looking statements and thus
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 the: risk factors described in the
Company's annual report on Form 10-K for the fiscal year ended
February 28, 2019 which was filed
with the SEC on May 14, 2019, as
amended on Form 10-K/A filed on May 30,
2019, and other filings made by the Company from time to
time with the SEC. The factors described in such SEC filings
include, without limitation: the Company's ability to realize the
anticipated results of its business realignment; cybersecurity
risks; 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 electronics, consumer
electronics and biometrics 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
restrictive debt covenants.
Investor & Media Relations
Contact:
Glenn Wiener, GW Communications (for
VOXX)
Tel: 212-786-6011 / Email: gwiener@GWCco.com
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SOURCE VOXX International Corporation