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VOXX International Corporation Message Board

  • swisslakes swisslakes May 19, 2014 1:28 AM Flag

    Very interesting CC remarks by CEO , developing the Automotive new technologies, VOXX INTERNATIONAL CORP (VOXX) 8-K filed 5/16/2014

    "And then on top of all this, there are a number of new programs that we are working on that - and I have to be careful here, but they can be hundreds of millions of dollars of new business that we are working on where we are developing the new technology, where we're not just making this because we want to make it. We're making it because we either have a relationship, we've been asked to develop a product. Doesn't necessarily mean we've currently won an award of new business, but we're confident we will. And that's where the bulk of the R&D is right now, where the technology we're working on could be very, very exciting for this company. And that's a big change for this company over the way we were over the last 10 years, where we were primarily spec'ing product and having it made in a third-party manufacturing facility. Here, we are making our own technology, new technology that will be unique to the industry, and that is where we expect to see some significant new business in the years ahead. "

    "and increased our engineering and R&D teams by 10 percent to over 300 engineers to support OEM and various other projects. We will continue this in fiscal 2015. We are investing in our infrastructure and in our R&D teams to stay ahead of the technology curve. "

    Sentiment: Strong Buy

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