Rockford Corporation Acquires Fosgate Audionics

4-Jan-01

Fosgate Audionics, a product development and engineering company located in Heber, Utah, has joined the Rockford Corporation family. Fosgate Audionics has enjoyed a reputation for delivering leading-edge sound processor innovations. The new range of planned products will continue that tradition of innovation.Gary Suttle, President and CEO of Rockford Corporation, says, ""Jim Fosgate is viewed by many in the industry as the developer of surround sound technology as far back as the early 70s. We are excited to bring his vision and engineering talents back to Rockford."" Jim Fosgate founded Fosgate Electronics in 1973 and sold the company to Rockford Corporation in 1980 to concentrate his efforts on the coming avalanche of surround sound. Mr. Fosgate, who will work with Rockford in an engineering consultantís role for Fosgate Audionics, explains, ""It's exciting to be taking my best circuit designs back to Rockford, especially my ëtubeí surround processor. This is like a homecoming to me and should be a perfect match. Iím very happy to see that the Fosgate Audionics name will live on well into the 21st century and continue to create new and innovative surround products."" Charlie Wood, Fosgate Audionics Product Development Consultant to Rockford, adds, ""In recent years, the Fosgate Audionics brand name on a surround processor assured it's owner of enjoying the latest high performance multichannel sound technology. I'm looking forward once again to working directly with Jim Fosgate and the Rockford staff in re-establishing Fosgate Audionics as a pre-eminent brand in the multichannel audio category.""Fosgate Audionics is a division of Rockford Corporation and is based in Tempe, Arizona, a publicly traded company under the NASDAQ stock symbol ROFO. For more information, visit www.fosgateaudionics.com and www.rockfordcorp.com.

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