[May 15, 2008] USTelematics and Audiovox Ink License Pact Tweet (Wireless News Via Acquire Media NewsEdge) USTelematics, company creating and deploying proprietary technology for the delivery of high speed data and entertainment content to private and commercial vehicles, announced that it is in the process of finalizing an agreement with Audiovox to manufacture, distribute and market USTelematics' Voyager Mobile IPTV hardware product, under Audiovox brand names, at more than 20,000 retail electronics and automotive channels. Audiovox is a manufacturer and distributor of mobile electronics and car audio and video equipment. Its family of brands includes Advent, Acoustic Research, RCA, Jensen, Phase Linear and others. "This expected arrangement with Audiovox is the first step toward significantly accelerating the marketing and distribution of Voyager into one of the largest and best-established networks of automotive electronics retailers in the world," said Howard Leventhal, Chief Executive Officer of USTelematics. "We could not be more pleased with this development. Not only will it validate our proprietary technology and product, it will enable us to dramatically magnify our revenues by providing wireless mobile broadband connectivity and programming services to Voyager users, on a wider scale and in a much shorter time period than previously possible." Leventhal also said, "USTelematics stands to benefit from Audiovox's established and extensive distribution network, which reaches approximately 10,000 car dealerships and more than 10,000 other points of distribution. Having Audiovox make and sell Voyager promises to reduce the time and funding that would have been required to achieve the same capability at USTelematics. "Neither we nor our shareholders could conceive of a more perfect method of getting straight to the high-margin connectivity and programming e-services businesses that have been in our sights from the very beginning. Subject to remaining due diligence, Audiovox has expressed its intention to invest a certain amount of cash directly into USTelematics and to pay a per-unit royalty for rights to the Voyager intellectual property, software, trade secrets and for manufacturing and distribution rights. ((Comments on this story may be sent to [email protected])) ((Distributed on behalf of 10Meters via M2 Communications Ltd - http://www.m2.com)) ((10Meters - http://www.10meters.com)) Copyright ? 2008 Wireless News [ Back To TMCnet.com's Homepage ]