Select a Product One For All: Kameleon 8 One For All: Kameleon 6 (Intl) One For All: Kameleon 4 (Intl) Radio Shack: Kameleon 8 in 1 Radio Shack: Kameleon 6 in 1 Radio Shack: Kameleon 4 in 1 Kameleon C6 Kenwood Touch Zone Kenwood Partners With Universal Electronics to Develop New Wireless Controllers for Home Audio Product Line New Kenwood Line to Include Kameleon Technology to Empower Consumers With Advanced Control of Their Entire Home Entertainment Environment CYPRESS, Calif. - Oct. 21, 2002 - Universal Electronics Inc. (UEI) (Nasdaq: UEIC) announced today that it has been selected by Kenwood Corporation to be the exclusive supplier of all universal wireless controllers for Kenwood's new home audio product line in the United States and Europe. Included in this line will be controllers powered by Kameleon™, UEI's recently announced "digital ink" technology that intelligently illuminates only active device keys for a uniquely intuitive graphical control interface. The agreement, which expands UEI's role as a longtime supplier of control technology for various Kenwood products, will provide Kenwood with an advanced line of wireless controllers sharing common design elements for a superior and consistent consumer experience across all Kenwood home audio products, as well as seamless interaction with the entire home entertainment environment. Leveraging the experience of its award-winning industrial design team, UEI has worked with Kenwood to design a line of universal controllers with intuitive key layouts, visual key groups and ergonomic designs that create a common look and feel from one model to the next. Combined with UEI's strong portfolio of innovative wireless control technologies, such as macros, high-frequency learning and Kameleon technology, the unified line of controllers will bring together advanced functionality with unique, consumer-friendly design that will help differentiate Kenwood's family of home audio products while strengthening its brand, known to consumers for providing superior quality, reliability and value. "At Kenwood, we take pride in providing world-class home audio technology that serves as the foundation for a truly connected, home entertainment experience," said Brian Towne, director of product development for Kenwood USA. "Delivering that experience includes providing consumers with the ability to interact with all of their devices through a wireless controller that is not only easy to use, but also has the advanced functionality that power users require to take full advantage of everything a Kenwood product has to offer. Partnering with UEI allows us to empower the consumer at all levels and centralize their point of control through Kenwood's interface." "As Kenwood continues to lead the way with superior home audio products for the connected consumer, we are excited to work with it to utilize distinctive UEI technologies, such as Kameleon, that provide an optimal consumer experience," said Paul Arling, chairman and chief executive officer of UEI. "Expanding our relationship with Kenwood is a great compliment to our hardworking team of engineers, designers and researchers, who continually focus on the goal of making it easier for consumers to connect, control and interact with their home electronics environment." The first of the new wireless controllers will be available to consumers as early as the first quarter of next year. Today's announcement marks another milestone in the collaborative relationship that has spanned nearly a decade of innovation in the consumer electronics industry. About Universal Electronics Universal Electronics Inc., based in Southern California, develops software, firmware and turnkey solutions designed to enable consumers to wirelessly connect, control and interact with an increasingly complex home environment. The company's primary markets include original equipment manufacturers (OEMs) in consumer electronics and personal computing, as well as multiple system operators in the cable and satellite subscription broadcasting markets. Over the past 15 years, the company has developed a broad portfolio of patented technologies and the industry's leading database of home connectivity software that it licenses to its customers, including many leading Fortune 500 companies. In addition, UEI sells its universal wireless control products and other audio/visual accessories through its European headquarters in the Netherlands to distributors and retailers in Europe, Asia, Latin America and Australia under the One For All® brand name. More information about UEI can be obtained at http://www.uei.com/. This press release contains forward-looking statements that are made pursuant to the Safe-Harbor provisions of the Private Securities Litigation Reform Act of 1995. Words and expressions reflecting something other than historical fact are intended to identify forward-looking statements. These forward-looking statements involve a number of risks and uncertainties, including the timely development, ordering, delivery and market acceptance of products and technologies identified in this release; the Company's continued ability to design products in a fashion that results in its technology becoming the standard for handheld devices; and other factors described in the Company's filings with the Securities and Exchange Commission. The actual results that the Company achieves may differ materially from any forward-looking statement due to such risks and uncertainties. The Company undertakes no obligations to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release. One For All and Kameleon are registered trademarks or trademarks of Universal Electronics Inc. Other product or service names mentioned herein are the trademarks of their respective owners. For more information, press only: Megan Gallagher, Waggener Edstrom (925) 680-2642 Megang@wagged.com Jay Cudal, Waggener Edstrom (503) 443-7000 jayc@wagged.com Brian Shaffer, Roher Public Relations for Kenwood (818) 887-8838 bshaffer@roherpr.com