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Universal Electronics Enters Into Agreement to Acquire U.S.-Based Ecolink Intelligent Technology

According to Parks Associates, residential home security is leading the transition to the smart home. “The majority of sensors and control panels sold today can be accessed and remotely controlled with a mobile device. No other residential product can make that claim,” said Tom Kerber, Director, Research, Parks Associates. “Additionally, over the past 4 years, cable and telco providers have successfully added home security and automation services to their offerings, gaining an estimated 14% share of professionally-monitored security systems in U.S. broadband households.”

"With over 25 years of experience as a technology and product supplier to the cable/telco industry, UEI, through this acquisition, is well positioned to supply these wireless solutions to its customers,” stated Tricia Parks.

From the press release "Universal Electronics Enters Into Agreement to Acquire U.S.-Based Ecolink Intelligent Technology."

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