Acquisitions
In 2001 Audiovox Electronics Corporation, (a wholly owned subsidiary of Audiovox Corporation) purchased the assets of Code Alarm and a new subsidiary, Code Systems Inc. was formed. The strong financial backing of Audiovox will allow the Code Alarm brand to continue in the tradition of excellence, which has been its hallmark. The brand name Code-Alarm has been synonymous with vehicle security since 1979, when it helped launch a new industry as the original manufacturer of remote control electronic vehicle systems.
In December 2007, the Company completed the acquisition of certain assets and liabilities of Thomson’s United States, Canada, Mexico, China and Hong Kong consumer electronics audio/video business. On November 1, 2007, AAC completed the acquisition of Technuity, Inc., engaged in the battery and power products industry and the exclusive licensee of the Energizer brand in North America for rechargeable batteries and battery packs for camcorders, cordless phones, digital cameras, digital versatile disc (DVD) players and other power supply devices. On August 14, 2007, Audiovox Germany completed the acquisition of certain assets of Incaar Limited, a United Kingdom business that specializes in rear seat electronics systems. On March 1, 2007, Audiovox Germany acquired Oehlbach Kabel GmbH, involved in the accessories business. On January 29, 2007, it completed the acquisition of Thomson’s Americas consumer electronics accessory business, as well as rights to the RCA, Recoton, Spikemaster, Ambico and Discwasher brands for consumer electronics accessories.
Electronics Products
In 2001 Audiovox Electronics Corporation, (a wholly owned subsidiary of Audiovox Corporation) purchased the assets of Code Alarm and a new subsidiary, Code Systems Inc. was formed. The strong financial backing of Audiovox will allow the Code Alarm brand to continue in the tradition of excellence, which has been its hallmark. The brand name Code-Alarm has been synonymous with vehicle security since 1979, when it helped launch a new industry as the original manufacturer of remote control electronic vehicle systems.
In December 2007, the Company completed the acquisition of certain assets and liabilities of Thomson’s United States, Canada, Mexico, China and Hong Kong consumer electronics audio/video business. On November 1, 2007, AAC completed the acquisition of Technuity, Inc., engaged in the battery and power products industry and the exclusive licensee of the Energizer brand in North America for rechargeable batteries and battery packs for camcorders, cordless phones, digital cameras, digital versatile disc (DVD) players and other power supply devices. On August 14, 2007, Audiovox Germany completed the acquisition of certain assets of Incaar Limited, a United Kingdom business that specializes in rear seat electronics systems. On March 1, 2007, Audiovox Germany acquired Oehlbach Kabel GmbH, involved in the accessories business. On January 29, 2007, it completed the acquisition of Thomson’s Americas consumer electronics accessory business, as well as rights to the RCA, Recoton, Spikemaster, Ambico and Discwasher brands for consumer electronics accessories.
Electronics Products
Electronics products include mobile multi-media video products, including in-dash, overhead, headrest and portable mobile video systems; autosound products, including radios, speakers, amplifiers and compact disc (CD) changers; satellite radios, including plug and play models and direct connect models; automotive security and remote start systems; automotive power accessories; car to car portable navigation systems; rear observation and collision avoidance systems; liquid crystal display (LCD) flat panel televisions; home and portable stereos; two-way radios; digital multi-media products such as personal video recorders and moving picture experts group layer-3 audio (MP3) products; camcorders; clock-radios; digital voice recorders; home speaker systems; portable DVD players, and digital picture frames.
Accessories Products
Accessories products include high-definition television (HDTV) Antennas; wireless fidelity (WiFi) antennas; high-definition multimedia interface (HDMI) accessories; home electronic accessories, such as cabling; other connectivity products; power cords; performance enhancing electronics; television universal remotes; flat panel television mounting systems; iPod specialized products; wireless headphones; rechargeable battery backups (UPS) for camcorders, cordless phones and portable video (DVD) batteries and accessories, and power supply systems.
Sellers
The company sells its products through power retailers, mass merchants, regional chain stores, specialty and Internet retailers, independent 12 volt retailers, distributors, new car dealers, vehicle equipment manufacturers (OEM) and the United States military. Audiovox sells its products under OEM arrangements with domestic and/or international subsidiaries of automobile manufacturers, such as Ford Motor Company, Daimler Chrysler, General Motors Corporation, Toyota, Kia, Mazda, Jaguar, Subaru and Porsche. It also provides value-added management services, which include product design and development; engineering and testing; sales training; instore display design; installation training and technical support; product repair services and warranty; nationwide installation network, and warehousing.
Accessories Products
Accessories products include high-definition television (HDTV) Antennas; wireless fidelity (WiFi) antennas; high-definition multimedia interface (HDMI) accessories; home electronic accessories, such as cabling; other connectivity products; power cords; performance enhancing electronics; television universal remotes; flat panel television mounting systems; iPod specialized products; wireless headphones; rechargeable battery backups (UPS) for camcorders, cordless phones and portable video (DVD) batteries and accessories, and power supply systems.
Sellers
The company sells its products through power retailers, mass merchants, regional chain stores, specialty and Internet retailers, independent 12 volt retailers, distributors, new car dealers, vehicle equipment manufacturers (OEM) and the United States military. Audiovox sells its products under OEM arrangements with domestic and/or international subsidiaries of automobile manufacturers, such as Ford Motor Company, Daimler Chrysler, General Motors Corporation, Toyota, Kia, Mazda, Jaguar, Subaru and Porsche. It also provides value-added management services, which include product design and development; engineering and testing; sales training; instore display design; installation training and technical support; product repair services and warranty; nationwide installation network, and warehousing.
Competition
The Company competes with Sony, Panasonic, Kenwood, Alpine, Directed Electronics, Pioneer, Delphi, JVC, Phillips and Monster Cable.
The Company competes with Sony, Panasonic, Kenwood, Alpine, Directed Electronics, Pioneer, Delphi, JVC, Phillips and Monster Cable.
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