Recoton owns the Advent and Jensen brand names.
RECOTON SIGNS LICENSING AGREEMENT WITH PRIMA TECHNOLOGY FOR
NEW LINE OF JENSEN AND ADVENT BRANDED TELEVISIONS
Recoton Audio Corporation and Prima Technology to Bring Popular Brand Names to Flat Screen and HDTV Markets
LAS VEGAS, NV and LAKE MARY, FL -- January 7, 2002 ? Recoton Corporation (Nasdaq National Market: RCOT), a leading global consumer electronics company, today announced a licensing agreement between its wholly-owned subsidiary Recoton Audio Corporation (RAC) and Prima Technology, Inc. (?Prima?) under which Recoton has licensed its world famous Adventâ and JENSENâ brand names to Prima for two new lines of high-performance televisions. Financial terms were not disclosed.
Under the terms of the licensing agreement, Prima Technology, the U.S. holding company for Xiamen Overseas Chinese Electronic Co., Ltd., will manufacture and distribute in the U.S. and Canada a selection of four JENSEN TV?s ranging in size from 20? to 27?, as well a series of eight ADVENT models that range in size from 20? to 34?, with one model that is HDTV-ready via component input, and three products that display all HDTV formats.
I'm sure Henry Kloss is spinning in his grave...