Klipsch Signs New Distributing Partner for Norway

INDIANAPOLIS (Oct 11, 2012) — Klipsch, a leading global speaker manufacturer, today announces the addition of independent Norwegian distribution partner Mono AS. Effective today, Mono AS serves as an official distributor of the brand’s high-performance home theater speakers and subwoofers with a focus for impacting the country’s HiFi market.

As a distributor, Mono AS will act as an extension of the brand in developing new relationships with HiFi retailers throughout Norway to further enhance the Klipsch brand and its positioning in Norway. Given the company’s focus, Mono AS will be selling many of Klipsch’s renowned product lines, including Palladium, Reference and Heritage to name a few.

"Although the global consumer electronics landscape continues to evolve, there are still many strong, independent retailers that value global brands with HiFi cachet like Klipsch,” said Oscar Bernardo, senior vice president of sales and operations for Klipsch Group Europe. “Partnering with Mono AS of Norway allows our brand to continue to serve independents in this region, while also providing a strong platform to drive additional business in new segments such as personal audio, sound bars and more.”

Established in 1988, Mono AS is a Norwegian audio distributor with a nationwide distribution network including specialist retailers, installers, Nordic chains and online retailers. Mono AS' vision is to be the preferred distribution partner for quality audio products and to offer value-added services to a selected network of retailers. Mono AS represents leading specialist manufacturers and offers local warehousing, effective logistics and active marketing of their products.

“We are very excited to be a part of the Klipsch family and look forward to distributing the brand’s industry leading products throughout Norway,” said Terje Romen, managing director of Mono AS. “Klipsch fits our selection of premium brand products and will enable us to increase our turnover and market share significantly. We look forward to working closely with Klipsch Group Europe to ensure that the brand has the market position it deserves.”

For more information on the Klipsch brand and its product offering, please visit http://www.klipsch.com.

About Klipsch Premium Speakers
For over 65 years, Klipsch has designed premium speakers for those who are passionate about great sound. Company founder Paul W. Klipsch started this legacy in 1946, and it continues today with sheer commitment to innovation and delivering the world’s most powerful, detailed and emotional sound reproduction. Today, the brand’s diverse product portfolio encompasses home theater, professional cinema, installed whole-house contracting, commercial, computer speakers, iPod® docks and headphones. As one of the first U.S. loudspeaker companies, Klipsch continues to be the high-performance brand of choice for audiophiles and home theater aficionados around the world. Klipsch Group, Inc. is also a wholly-owned subsidiary of VOXX International (NASDAQ: VOXX).