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4-Traders Homepage  >  Equities  >  Nyse  >  Harman International Industries Inc    HAR

Delayed Quote. Delayed  - 08/25 09:58:40 pm
85.47 USD   +0.55%
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Harman International Industries Inc./DE/ : Acura Selects Aha Radio by HARMAN For Connected Infotainment in RLX Vehicles

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04/04/2012 | 11:22pm CEST

NEW YORK, April 04, 2012 -- Aha by HARMAN, the infotainment platform that makes Web content safe for drivers, has announced a partnership that will bring its highly personalized listening experience to drivers of Acura RLX vehicles beginning in model year 2013.

Aha, which lets drivers choose from tens of thousands of stations of Web-based content, will be part of an all-new audio system being offered in addition to Acura's award winning ELS Surround® sound system and will be integrated via Bluetooth® smart phone pairing. Acura joins Honda and Subaru as one of the first automakers to embed Aha's cutting-edge technology.

"Our vision to safely connect drivers to the latest Web content is being realized one leading automaker at a time," said Robert Acker, HARMAN VP and General Manager of Aha. "Acura is known for using the latest technology to improve the driving experience, and Aha is proud to be chosen as the platform that will connect RLX drivers to the Web in a way that makes sense at 65 miles per hour. Aha continually adds new stations in the cloud, so Acura can be sure its customers will be getting up-to-date infotainment for the life of their vehicles."

Aha is powering the Web-connected "fourth band" of radio, alongside terrestrial (AM/FM) and satellite radio. Aha users can choose from tens of thousands of audio stations, including web content like Internet radio, on-demand music, live news, podcasts, audio books, Facebook and Twitter newsfeeds, personalized points of interest information and much more. Aha delivers a unique infotainment experience by letting users prioritize the stations they want, and customize audio stations like "Hungry" and "Coffee" to suit their tastes. When Aha is connected to a compatible in-car entertainment system, the users' top stations become radio preset buttons, so drivers can put down the phone and safely switch between stations just like traditional radio. When they arrive at their destination and exit the car, users can continue enjoying their content from the smart phone.

The Aha service is currently live in the US, Canada, and Western Europe. The group is working with multiple automotive and consumer electronics manufacturers on additional integrations that will launch throughout the year

Aha representatives are available this week at the New York International Autoshow to demo the platform for press. Reporters who would like to schedule a live demo can email press@aharadio.com to book an appointment.

About Aha by HARMAN

Aha, a unit of HARMAN International Industries, is the interactive platform that makes Web content safe for drivers and as easy to use as radio. Aha organizes content from the Web into personalized, live and on-demand radio stations that consumers can listen to from anywhere -- at home, on the go, or safely from the driver's seat. Aha is currently working with five automotive manufacturers who will be launching model 2013 vehicles with consumer services based on Aha's cloud-based platform, including Ferrari, Honda and Subaru. The Aha Platform and Service was started in 2008 by a group of Web and multimedia veterans with a shared passion for delivering an "always-on" audio experience to connect drivers to the content they really want. HARMAN, the company that designs, manufactures and markets a wide range of audio and infotainment solutions for the automotive, consumer and professional markets, acquired Aha in September 2010. For more information, visit www.aharadio.com .

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This press release was issued by Harman International Industries Inc. and was initially posted at http://www.harman.com/EN-US/Newscenter/Pages/AhaforAccura.aspx . It was distributed, unedited and unaltered, by noodls on 2012-04-04 23:15:54 PM. The issuer is solely responsible for the accuracy of the information contained therein.

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Financials ($)
Sales 2017 7 403 M
EBIT 2017 734 M
Net income 2017 470 M
Debt 2017 398 M
Yield 2017 1,82%
P/E ratio 2017 12,81
P/E ratio 2018 11,63
EV / Sales 2017 0,86x
EV / Sales 2018 0,80x
Capitalization 5 932 M
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Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 97,9 $
Spread / Average Target 15%
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Dinesh C. Paliwal Chairman, President & Chief Executive Officer
David J. Slump Executive Vice President-Operations
Sandra E. Rowland Chief Financial Officer & Executive Vice President
Marty O'Brien Chief Information Officer & Vice President
Henry Tirri Chief Technology Officer & Executive VP
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