For more information on Recoton, phone Peter M. Ildau, Vice President, Corporate Communications 212 644 0220, or via email at ildau@recoton.com. For additional information on NMB Technologies Inc. and its component solutions, call Pam Hanson at 818
Recoton Corporation And NMB Technologies Announce a Multi-Media Speaker Licensing Program
Recoton Corporation (Nasdaq National Market: RCOT), a leading global consumer electronic accessory, loud speaker and car audio company, today announced it had signed a worldwide licensing agreement with NMB Technologies Corporation. NMB is a premier Original Equipment Manufacturer (OEM) supplier of power supplies, motors, keyboards, cooling devices and multi-media audio speakers for leading firms such as CompaqÆ, DellÆ, GatewayÆ, Hewlett PackardÆ and IBMÆ, among others. This agreement covers the use of Recoton's ARÆ and Acoustic ResearchÆ brand names for multi-media speaker products to be produced for some of the world's leading computer manufacturers. These two global companies, Recoton and NMB Technologies, will work closely throughout the product development cycle to insure that quality standards remain at the highest level. Terry O'Flynn, Executive Vice President and General Manager of OEM Sales at Recoton Corporation, stated, ""We are pleased to team up with NMB Technologies and believe that our joint efforts will result in successful business opportunities for both companies. This partnership represents an opportunity for Recoton, a leading manufacturer of audio speakers, to work with NMB, a premier OEM supplier, in developing multi-media and other products that customers will desire. We expect our mutual efforts will enhance the great reception that the AR and Acoustic Research brand names enjoy throughout the globe."" ""There is a clear industry need for high-quality, cost-efficient audio speakers. By partnering with such companies as Recoton we continue to provide customers with the high quality product they have come to expect from NMB,"" said Myron Jones, Executive Vice President and General Manager of NMB Technologies Corporation. ""NMB is now better positioned to offer its customers a total audio solution, depth of product line and reliable worldwide supply chain management. We are delighted to have aligned NMB with Recoton, a well recognized player in the hi-fi, loud speaker and consumer audio markets."" About Recoton Corporation Recoton Corporation, is a global leader in the development, manufacturing and marketing of consumer electronic accessories, loudspeakers and car audio products. Recoton's more than 4,000 products feature highly functional accessories for audio, video, car audio, camcorder, multi-media/computer, home office, cellular and standard telephone, music and video game products and 900MHz wireless technology headphones and speakers. They are sold under the AAMPÆ, AmbicoÆ, AmpersandÆ, ARÆ/Acoustic ResearchÆ, DiscwasherÆ, GameSharkÆ, InterActÆ, ParsecÆ, PeripheralÆ, Performanceô, RecotonÆ, RembrandtÆ, Rossô, SoleControlÆ, SoundQuestÆ and StingerÆ brand names. The Company also produces and markets audio components, high fidelity loudspeakers, home theater speakers, and car audio speakers and components which are sold under the AdventÆ, ARÆ/Acoustic ResearchÆ, HECOô, JensenÆ , MacAudioÆ, MagnatÆ, NHTÆ (Now Hear This), and Phase LinearÆ and RecotonÆ brand names. About NMB Technologies Inc. NMB Technologies Corporation, a subsidiary of NMB (USA) Inc., is one of the worlds' leading suppliers of broad-based electronic components and is the U.S. electronics sales and marketing entity for the Minebea Group of companies for North and South America. In addition to an extensive line of multi-media speakers and audio components, NMB Technologies is also one of the largest suppliers of keyboards, AC and DC axial fans, power supplies, and motors. As a result of its vertically integrated operation, enormous capacity, and highly automated facilities, NMB is able to produce high-quality components at industry leading prices.