Harman International Industries Inc (HAR.N) Company Profile | Reuters.com
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Profile: Harman International Industries Inc (HAR.N)

HAR.N on New York Stock Exchange

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24 Jun 2016
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Harman International Industries, Incorporated, incorporated on January 31, 1980, is engaged in the designing and engineering of connected products and solutions for automakers, consumers and enterprises, including audio systems, visual products, enterprise automation solutions and connected services. The Company operates through four segments: Infotainment, Lifestyle, Professional and Services. The Company has developed, both internally and through a series of strategic acquisitions, a range of product offerings sold under various brand names in its principal markets. The Company's brands include AKG, AMX, Crown, Harman/Kardon, Infinity, JBL, JBL Professional, Lexicon, Mark Levinson, Martin, Revel, Soundcraft and Studer. The Company's software solutions power mobile devices and systems that are designed to be connected, integrated, personalized and adaptive across all platforms, from work and home, to car and mobile.

Infotainment

The Company's Infotainment segment designs, manufactures and markets infotainment systems for vehicle applications to be installed primarily as original equipment by automotive manufacturers. The Company's scalable infotainment platforms deliver connected capabilities to the car, including navigation with embedded solutions for wireless upgradeability, multimedia, entertainment, on-board and off-board connectivity and active safety systems. Its new intelligent connected navigation system enables a new generation of driver usability and feature functionality, including navigation solutions with over-the-air updates. The Company also produces a Harman/Kardon branded infotainment system for Harley-Davidson touring motorcycles.

The Company competes with Alpine, Bosch, Panasonic, Continental, Visteon, Mitsubishi Electronics, Aisin Seiki, Delphi and Denso.

Lifestyle

The Company's Lifestyle segment designs, manufactures and markets car audio systems for vehicle applications to be installed primarily as original equipment by automotive manufacturers, as well as a range of mid-to high-end loudspeaker and electronics for home, multimedia and mobile applications. The Company's Lifestyle products are marketed under brand names, including AKG, Harman/Kardon, Infinity, JBL, JBL Professional, Lexicon, Mark Levinson and Revel. The Company also has rights to use the Bowers & Wilkins, Bang & Olufsen and Canton brand names within the automotive space. The Company's car audio products feature technologies, such as Clari-Fi, HALOsonic and Quantum Logic Surround. Its home applications include dedicated home audio and theater systems, as well as distribution systems that provide multi-zone audio and video. Its multimedia applications comprise a range of headphones, computer-embedded audio and branded portable wireless speakers. Its aftermarket mobile products include speakers, amplifiers and digital signal processors that deliver in-car audio. The Company's home audio products are sold in specialty audio stores, Harman stores, mass-market retail stores, such as Apple, Best Buy, Target, Media Markt and Fnac and through online retailers, such as Amazon.com and Harmanaudio.com.

The Company competes with Bose, Pioneer ASK, Foster Electric, Delphi, Panasonic, Rockford Fosgate, Polk Audio, MTX, Alpine, Kenwood, Sony, Klipsch, Bowers & Wilkins, Sonos, Boston Acoustics, Yamaha, Denon, Onkyo, Marantz, Krell, McIntosh, Audio Research, Meridian, Linn, Bang & Olufsen, Classe, Altec Lansing, iHome, Philips, Creative Labs, Logitech, Cyber Acoustics, Beats, Apple, Skullcandy and Sennheiser.

Professional

The Company's Professional segment designs, manufactures and markets a range of audio, lighting, video and control and automation solutions for commercial, enterprise and public space applications, including concert halls, stadiums, airports, conference centers, educational institutions, command centers and houses of worship. The Company designs products for recording, broadcast, cinema and music reproduction applications, such as loudspeakers, power amplifiers, digital signal processors, microphones, headphones and mixing consoles. It also provides products to the sound reinforcement, music instrument support and broadcast and recording segments of the professional audio market. The Company also provides full lighting solutions for the entertainment, architectural and commercial sectors. Its Professional segment products are marketed globally under a number of brand names, including AKG, AMX, Crown, JBL Professional, Lexicon, Martin, Soundcraft and Studer. With the Company's HiQnet network protocol, it can configure, connect and control a complete professional sound system from microphone to speaker on one unified digital network.

The Company competes with Telex, Electro Voice, Mackie, QSC, Meyer Sound Laboratories, Sennheiser, Peavey, Shure, Audio Technica, Yamaha, Technologies, Inc., Lawo, Harris Corporation, DigiDesign/M-Audio, Genelec, KRK, Stagetec, Sony, Siemens, Tannoy, Barco, Chauvet Lighting, Clay Paky, Elation, JB Lighting, Robe Lighting, Vari-Lite, Leviton, Extron, Control4, Simtrol and Crestron.

Services

The Company's Services segment creates software solutions that integrate design, mobility, cloud and analytics and brings connected world solutions to the automotive, retail, mobile, healthcare, media and consumer electronics markets. The Services segment offers services and solutions in order to help customers understand and visualize their data so they can make decisions, cloud-enable their business, support technical agility and exploit Omni-channel strategies.

The Company competes with Tata Consultancy Services Limited, Cognizant Technology Solutions, the Aricent Group and WiPro Limited.

Company Address

Harman International Industries Inc

400 Atlantic St Ste 1500
STAMFORD   CT   06901-3512
P: +1203.3283500
F: +1302.6555049

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