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Universal Electronics' Revolutionary Kameleon Technology
Provides the Power of "Digital Ink" for RadioShack Universal Remote
Unique Kameleon Graphical Display Dynamically Changes To Reflect Entertainment Environment CYPRESS, Calif. - Nov. 12, 2002 - Universal Electronics Inc. (UEI) (Nasdaq: UEIC) today announced that its recently unveiled Kameleon™ interface technology has been selected by RadioShack Corp. (NYSE: RSH) to power its next-generation universal remote control. Kameleon is a revolutionary display technology that acts as "digital ink" to intelligently illuminate only the set of keys needed to control each entertainment device, such as the television, DVD player or cable box. The Kameleon-powered RadioShack 6-in-One universal remotes will allow consumers to operate up to six entertainment or home automation devices through one graphical interface for intuitive and superior control of the home entertainment environment. With Kameleon, the universal controller intelligently changes its display to reflect the user's entertainment environment, whether it's listening to music, enjoying the home theater or simply watching television. For example, when a user watches television, he or she will only see and be able to send TV-specific commands, such as channel or picture-in-picture selections. When the user switches activities and begins to watch a movie instead, keys such as Play, Fast-Forward and Stop are displayed so the user can control the DVD player. In this way, consumers enjoy simplified interaction with their entertainment devices through the easy-to-use, graphical, touch display that shows only the relevant functional keys for each device. Kameleon's signature backlighting also provides a bright and vivid display for easy viewing, and the animated graphics on the display give a quick visual feedback of the controller's status. Combined with a sleek, low-profile, one-handed design, this new wireless controller brings together functionality and design in a unique offering that focuses on enhancing the consumer entertainment experience. The Kameleon-powered 6-in-One controllers will be available at select RadioShack retail locations nationwide for the holiday season. "RadioShack has always been a destination for the latest technology, and with the introduction of Kameleon, we are continuing that tradition," said Don Galloway, vice president of merchandising for RadioShack's Connecting Places Strategic Business Unit. "Universal Electronics' Kameleon technology is truly a breakthrough in wireless control technology, and we're pleased to be able to add such a highly differentiated and engaging product offering as part of our overall line of accessories." "We are excited to work with RadioShack as the first company to commercialize Kameleon in North America," said Paul Arling, chairman and chief executive officer of UEI. "RadioShack's unique position in the marketplace as a recognized and trusted leader in consumer electronics specialty retail is a perfect fit for the introduction of such an innovative and visually compelling technology as Kameleon to the mass market." In addition to its dynamic, graphical display, the RadioShack 6-in-One remote offers advanced features for the home-theater enthusiast, such as UEI's superior connectivity software for coverage of the most brands of consumer electronics devices, upgradeability to provide ongoing coverage of any new devices that come to market, macros for instant activation of favorite key sequences, and a learning mode to capture and reproduce device functions from original remote controls. More information about where to find Kameleon-powered 6-in-One universal remotes can be found online at http://www.radioshack.com/. 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. Kameleon and One For All are either 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 |
        
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