Press Release

VOXX Advanced Solutions Signs Letter of Intent with PERI, Inc. to Distribute the DUO Slim, a Hi-Fidelity Speaker and Fast-Charging Case for iPhone 7

01/04/17

HAUPPAUGE, N.Y. and LAS VEGAS, Jan. 4, 2017 /PRNewswire/ -- LVCC, CENTRAL HALL BOOTH 13517 - VOXX Advanced Solutions Corporation (VASC), a wholly-owned subsidiary of VOXX International Corporation (NASDAQ: VOXX), announced today that the Company has signed a Letter of Intent with PERI, Inc., creators of the Duo, the first-of-its-kind hi-fidelity wireless speaker and battery case for the iPhone 6.  Under the terms of the LOI, VASC will distribute the Duo Slim, a 2-in-1 hi-fidelity Bluetooth enabled speaker system and fast-charging case for iPhone® 7.

The Duo Slim integrates a Bluetooth-enabled hi-fidelity speaker system and a 2500mAh battery in an ultra-thin cellular phone case. The Duo Slim was created with on-the-go lifestyles in mind to provide an immersive audio experience loud enough to fill any room, while also providing more than a full charge to the iPhone.

"We are very excited for the opportunity to enter into the cellular phone case category by partnering with PERI, Inc. to deliver the DUO Slim, a 2-in-1 hi-fi speaker and fast-charging battery cell phone case," said Tom Malone, President, VOXX Advanced Solutions Corporation.  "The DUO Slim features an ultra-sleek design to enhance and amplify your smartphone speakers, delivering crisp, high volume audio while doubling as a charging case, providing a completely new way to experience your favorite music.  The high-powered speakers can also act as your personal speakerphone for conference calling."

The Duo Slim allows for digital audio playback directly from the iPhone to the Duo Slim's hi-fidelity speakers via a docked iPhone lightning connection. Users can also use the Duo Slim as a detachable speaker by connecting with any Bluetooth-enabled device for playing music or to enhance phone calls with built-in microphone and speaker phone capability. The onboard 2500mAh battery provides 100 percent added battery to the iPhone or power to enjoy more than 10 hours of audio playback. With PERI's advanced power management technology, users can simultaneously charge the Duo Slim and docked iPhone via Micro USB charging in half the time of other leading battery cases.

"In order to grow as a company, we look to partner with other leading brands and organizations with strengths that complement us," said Mohammad Tabatabai, CEO, PERI. "Our strategic partnership with VOXX will allow us to quickly expand the Duo family of products in the marketplace with the amazing consumer reach and support services that VOXX can provide."

VOXX Advanced Solutions intent is to brand the DUO Slim under the 808 Audio Brand.

The DUO Slim will be available in Spring 2017 for an MSRP of $129.00.

For more information about the DUO Slim please visit: www.PERIaudio.com.   

For more information on becoming a VOXX Advanced Solutions Dealer in the US, please email advancedsolutions@voxxintl.com.

About VOXX Advanced Solutions Corporation (VASC):
VOXX Advanced Solutions leverages VOXX International's extensive worldwide distribution network to attract technology partners who benefit from VOXX's speed to market, logistics, manufacturing and sourcing expertise, and market knowledge.  Our vast experience in the consumer and automotive space will allow us to grow top line sales within existing channels, increase profitability and expand into new markets and categories.

For additional information, please visit our website at www.voxxadvancedsolutions.com.

About VOXX International Corporation:
VOXX International Corporation (NASDAQ: VOXX) has grown into a worldwide leader in many automotive and consumer electronics and accessories categories, as well as premium high-end audio.  Today, VOXX International Corporation has an extensive distribution network that includes power retailers, mass merchandisers, 12-volt specialists and most of the world's leading automotive manufacturers.   The Company has an international footprint in Europe, Asia, Mexico and South America, and a growing portfolio, which now comprises over 30 trusted brands. Among the key domestic brands are Klipsch®, RCA®, Invision®, Jensen®, Audiovox®, Terk®, Acoustic Research®, Advent®, Code Alarm®, Car Connection®, 808®, AR for Her®, and Prestige®. International brands include Hirschmann Car Communication®, Klipsch®, Jamo®, Energy®, Mirage®, Mac Audio®, Magnat®, Heco®, Schwaiger®, Oehlbach® and Incaar™.  

For additional information, please visit our website at www.voxxintl.com.

About PERI:
Founded in 2014, PERI (www.PERIaudio.com) is dedicated to creating high-quality audio and power products, utilizing cutting-edge and innovative wireless technologies, for the mobile accessories, portable consumer electronics and car audio markets. The company specializes in proprietary IC design and innovative audio and power consumer products. PERI is Portable Electronics Re-Invented! Stay in tune with PERI through Facebook, Instagram and Twitter.

VOXX International Contact:
Larissa Bertolotti 
Phone: (631) 436-6408
Email:  LBertolotti@voxxintl.com

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SOURCE VOXX International Corporation (NASDAQ:VOXX)

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