UEI in Warrants Pact With Comcast for Development of Advanced Tech
Universal Electronics (UEI) said it signed a warrants agreement with Comcast as an extension of a partnership to develop advanced technology products. That follows a development and supply collaboration renewed this year, in which UEI supplies the voice remote as…
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part of Comcast’s X1 Entertainment Operating System, said UEI. Comcast can acquire shares of UEI stock tied to the potential fulfillment of undisclosed, pre-defined purchase milestones. The agreement positions UEI to provide “innovative products” across Xfinity Home, said UEI CEO Paul Arling.