Not Just for Remote Controls, Universal Electronics Targets Software for MVPDs

Universal Electronics Inc. is in the “early innings of a powerful product cycle,” Dougherty & Co.'s Steven Frankel wrote investors Monday. In CES meetings, management laid out a path toward better software content, said Frankel. It's "far more than a remote control company.” He noted LG and Samsung introduced 2020 TVs powered by UEI for device discovery and control. This software platform simplifies set-up by identifying the devices connected to the TV, including set-top boxes, game platforms and streaming devices, and it scans the Wi-Fi network to add smart devices. In its booth, UEI displayed designs for Android TV-based set-tops, giving it a chance to provide advanced remotes for overseas MVPDs. The company is expanding security offerings, the analyst noted.