Audiovox will work through Mopar to Supply Chrysler Dealers with the First OE Release of the FLO TV™ Auto Entertainment SystemHauppauge, N.Y. & San Diego, Calif.
Audiovox Corporation (Nasdaq: VOXX), and FLO TV Incorporated, provider of the award-winning FLO TV™ live mobile TV service and a wholly owned subsidiary of Qualcomm Incorporated (Nasdaq: QCOM), today announced that Audiovox will begin supplying Chrysler Dealers through Mopar® with the first OE hardware interface that will deliver FLO TV™ Auto Entertainment to select Chrysler 2010 vehicles and future vehicles.
Audiovox has a long history supplying products through the OE channel and a relationship with Mopar and the Chrysler Group LLC, which is the first automaker to offer the product direct through their dealer network. The program is expected to launch as a dealer installed option from Mopar® in late December for the following 2008-2010 model year vehicles with factory DVD entertainment systems: Chrysler 300, Chrysler Town & Country, Jeep Liberty, Jeep Grand Cherokee, Jeep Commander, Dodge Charger, Dodge Grand Caravan, Dodge Journey, Dodge Nitro, Ram 1500, Ram 2500/3500 and Ram Chassis Cab.
Audiovox manages its OE group from a dedicated facility in Detroit, which is focused on delivering the latest in consumer trends and demands to OEM Production Modification Centers, Vehicle Personalization Centers and Port of Entry as well as supporting OE Supplier Ship Direct Programs directly to OE Dealerships. The Company is actively engaged in the development of Tier -1 vehicle production level programs with a variety of vehicle manufacturers.
The FLO TV service is live mobile TV with the capacity for up to 20 channels with something for everyone: college and professional sports, breaking news, children's shows, primetime sitcoms, reality TV and daytime dramas. The hardware solution is universal and works with the Audiovox supplied OE headrest DVD and Seat Top solutions. In addition the hardware solution can integrate with factory rear seat entertainment system.
Patrick Lavelle, President and CEO of Audiovox Corporation, said, “FLO TV Auto Entertainment is the latest in a long line of unique products that we have been supplying to the OEs for most of our over 45 year history. We continue to grow that segment of our business thanks to the focused team in Detroit and the close relationships between our sales, engineering and design teams, and the car and truck makers. We expect that this product will help rejuvenate the OE rear seat entertainment business.” Lavelle continued, “We congratulate Mopar and Chrysler Group LLC Partners on being the first OE to deliver in-vehicle live TV through FLO TV and look forward to a successful launch in a few weeks.”
“Consumers are in search of an in-vehicle entertainment option that goes beyond DVDs,” said Kathy Thomson, vice president of sales and customer operations at FLO TV. “FLO TV is dedicated to providing instant access and a great television experience to our customers. This alliance with Audiovox and Chrysler will open doors for subscribers to enjoy convenient, connected and high-quality content on the road.”
Up to 20 channels will be available in late December when FLO TV™ Auto Entertainment is available for dealer installation. By the end of 2009, FLO TV™ Auto Entertainment should be available in more than 100 major markets and many interstate driving corridors, providing service coverage for more than 200 million potential customers. The FLO TV service is not available in some rural areas.
Audiovox will supply the hardware for the FLO TV™ Auto Entertainment system that integrates with the vehicles' existing entertainment systems and Mopar 7-inch DVD screen systems. A small antenna, similar in size to a laptop mouse, is mounted on a vehicle's roof to deliver the digital TV signal. The receiver and wiring are installed under the interior trim of the vehicle and are not visible to occupants. User-friendly wired and wireless remote controls allow viewers to easily surf channels, similar to TV systems at home.
Audiovox (NASDAQ:VOXX) is a recognized leader in the marketing of automotive entertainment, vehicle security and remote start systems, consumer electronics products and consumer electronics accessories. The company is number one in mobile video and places in the top ten of almost every category that it sells. Among the lines marketed by Audiovox are its mobile electronics products including mobile video systems, auto sound systems including satellite radio, vehicle security and remote start systems; consumer electronics products such as MP3 players, digital camcorders, DVRs, Internet radios, clock radios, portable DVD players, multimedia products like digital picture frames and home and portable stereos; consumer electronics accessories such as indoor/outdoor antennas, connectivity products, headphones, speakers, wireless solutions, remote controls, power & surge protectors and media cleaning & storage devices; Energizer®-branded products for rechargeable batteries and battery packs for camcorders, cordless phones, digital cameras and DVD players, as well as for power supply systems, automatic voltage regulators and surge protectors. The company markets its products through an extensive distribution network that includes power retailers, 12-volt specialists, mass merchandisers and an OE sales group. The company markets products under the Audiovox, RCA, Jensen, Acoustic Research, Energizer, Advent, Code Alarm, TERK, Prestige and SURFACE brands. For additional information, visit our Web site at www.audiovox.com.
About Chrysler Group LLC
Chrysler Group LLC, formed in 2009 from a global strategic alliance with Fiat Group, produces Chrysler, Jeep, Dodge Car, Ram Truck and Mopar brand vehicles and products. With the resources, technology and worldwide distribution network required competing effectively on a global scale; the alliance builds on Chrysler's culture of innovation - first established by Walter P. Chrysler in 1925 - and Fiat's complementary technology. Headquartered in Auburn Hills, Mich., Chrysler Group LLC's product lineup features some of the world's most recognizable vehicles, including the Chrysler Town & Country, Jeep Wrangler and Ram 1500. Fiat will contribute world-class technology, platforms and powertrains for small- and medium-sized cars, allowing Chrysler Group LLC to offer an expanded product line including environmentally friendly vehicles.
Mopar distributes approximately 280,000 parts and accessories in more than 90 countries and is the source for all original equipment parts for Chrysler, Jeep, Dodge Car and Dodge Ram vehicles. Mopar parts are unique in that they are engineered by the same teams that create factory-authorized vehicle specifications for Chrysler, Jeep and Dodge vehicles - a direct connection that no other aftermarket parts company can provide.
About FLO TV Incorporated
The FLO TV service combines the best content, an intuitive user interface and a superior multicast network to deliver a true quality TV viewing experience for consumers. FLO TV offers full-length simulcast and time-shifted programming from the world's best entertainment brands, including CBS Mobile, CNBC, Comedy Central, FOX News, MSNBC, MTV, NBC, NBC 2Go, NBC News, NBC Sports and Nickelodeon. Based in San Diego, Calif., FLO TV Incorporated is a wholly owned subsidiary of Qualcomm Incorporated. Further information is available at www.flotv.com .
FLO and FLO TV are trademarks of Qualcomm Incorporated. All other trademarks are the property of their respective owners.
Audiovox 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 Audiovox assumes no responsibility to update any such forward-looking statement. 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 Audiovox's business operations; our ability to keep pace with technological advances; significant competition in the mobile and consumer electronics businesses as well as the wireless business; 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; 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 Audiovox 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 Audiovox's Form 10-K for the fiscal year ended February 28, 2009.
October 30, 2009
October 30, 2009