Press Release Summary:
Acoutic Research Models AR5000 and AR4200 are 50 and 42 in. slim-line plasma TVs, and Model AR3000 is a 30 in. flat panel unit. Flat panel, Model FPE3000 features 30 in. LCD anti-staic/anti-glare screen and is 125-channel cable ready. Model FPE2000 offers 20 in. LCD screen, NTSC tuner, and 2 speakers. Models FPE1700/FPE1710DV have 17 in. LCDs; FPE1710DV with DVD player. Models FPE1500/FPE1510DV offer 15 in. LCD screens and 125-channel cable-ready tuner; Model FPE1510DV with DVD player.
Original Press Release:
Audiovox Introduces First Plasma TVs; Flat Panel TV Line Moves To Larger Models
Company Adds Six New Models Under Audiovox Brand, and Three Models under Acoustic Research Brand
Las Vegas NV - January 2004 - Audiovox continues to build on its success in the flat panel mobile video arena as it introduces its first plasma TVs and a number of new flat panel systems in both the Audiovox and Acoustic Research brands that Patrick M. Lavelle, President and CEO of Audiovox Electronics Corp., a wholly-owned subsidiary of Audiovox Corporation (NASDAQ: VOXX), believes will continue to reflect Audiovox's commitment to this growing business.
The Company's first flat panel plasma TVs will be marketed under the Acoustic Research brand and will be targeted to electronic specialty and high end electronic retail outlets exclusively. These two plasma units will be the first video products marketed under the well-known and respected Acoustic Research brand.
Both Plasma and LCD TV technologies have advanced rapidly and prices have fallen dramatically since both were introduced. "The upside," Lavelle says, "is the consumer is embracing the category as marketers make steady improvements to the products and prices get in the more reasonable range." Lavelle further stated, "our position as the number one supplier of mobile video has allowed us to cultivate significant manufacturing partners for the home flat panel TV market."
Plasma TVs have the advantage of offering larger screen sizes, including 32, 42, 50 and 63-inch models. The three AR models are the AR5000 a 50-inch slim-line plasma TV - MSRP: $7,600.00; AR4200, a 42-inch slim-line plasma model - MSRP: $4,500.00; and AR3000 a 30-inch flat panel unit - MSRP: $3,500.00. "Between the outstanding picture quality and AR's reputation for quality products, we feel that these three products will find favor with the high-end specialty dealers and their customers. These models perfectly complement the ever-growing Home Theater In A Box market," Lavelle said.
The new flat panel line-up, which expands the company's offerings in this category, significantly gives Audiovox a solid mix of home video products that include home and portable DVD, Under-Counter TV's and Home Theater systems. There will be one 30-inch model, a 20-inch unit, three 17-inch units (one with built-in DVD player) and two 15-inch models (one with built-in DVD player).
Lavelle emphasizes the company's optimism about the potential of the new flat panel products. "Audiovox is committed to establishing market share in the home category and has plans to place its flat panel programs in a variety of well-known national chains where we believe that the distribution as well as the public have embraced the Audiovox mobile video line and will transfer that loyalty to our flat panel TV products," Lavelle concluded.
NEW AUDIOVOX FLAT PANEL TV PRODUCTS
The FPE3000 features a 30-inch (16:9) LCD anti-static/anti-glare screen. HD-ready, 125-channel cable-ready, preset EQ (movies, music, speech, custom, standard), custom sound EQ (bass, treble, balance), parental control with V-chip, SAP, picture-in-picture, time/date display, headphone output and remote control. MSRP: $3200.
The FPE2000 features a 20-inch 4:3 LCD screen, ED-ready, built-in NTSC tuner (181 channel cable-ready tuner), remote control, two built-in speakers and sleep/timer. Other features include parental control with V-Chip. Built-in carrying handles. Swivel stand with tilt or wall mountable. ED-ready. VGA computer-ready connection. MSRP: $1,200.00.
The FPE1710DV features a 17-inch 16:9 LCD screen, with built-in DVD player, ED-ready, 125 channel cable-ready tuner), remote control, two built-in speakers and sleep/alarm timer.
VGA computer-ready connection. Parental control with V-Chip included. MSRP: $1,050.00.
FPE1700 - features a 17-inch (4:3) LCD screen. ED-ready, sleep/timer, low power consumption, VGA computer-ready connection, parental control with V-chip, 181 channel cable-ready tuner, one-button TV to PC. MSRP: $950.00
The FPE1510DV is a 15-inch, 4:3 unit with LCD anti-glare screen featuring a built-in, slot-loaded DVD player and is ED-ready. Features include 125 channel cable-ready tuner, two built-in speakers, sleep/alarm timer and remote control. VGA computer-ready connection. Parental control with V-Chip included. MSRP: $830.00.
The FPE1500 is a 15-inch 4:3 unit with LCD screen, featuring a built-in 125 channel cable-ready tuner, wide view angle, built-in speakers and remote control. Stand or wall mountable. ED-ready and VGA computer-ready connection. MRSP: $750.00.
Audiovox Electronics Corporation (AEC) is a wholly-owned subsidiary of Audiovox Corporation (Nasdaq:VOXX). AEC is a recognized leader in the marketing of automotive entertainment, vehicle security and consumer electronics products. The company is number one in mobile video and places in the top ten of almost every category that it sells. Among the products marketed by AEC are mobile video systems, portable DVD players, flat-panel TV's, auto sound systems including satellite radio, vehicle security, and consumer electronics products such as extended range two-way radios, multi media products like MP 3 players, and home and portable stereos. 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, Jensen, Acoustic Research, Advent, Code Alarm and Prestige brands. For additional information, visit our web site at www.audiovox.com.