INDIANAPOLIS, IND. (July 30, 2020) — Klipsch®, a tech-driven leader in premium audio, is pleased to announce that it will expand its strategic distribution alliance with Onkyo and Pioneer Corporation, which is a 100%-owned subsidiary of Onkyo Corporation, by selling and marketing their products in the Americas immediately.

The latest move positions Klipsch Group to offer a vast and complete audio solutions portfolio in the Americas while continuing to deliver world-class service to its channel partners and consumers alike. The distribution will run through a newly created subsidiary, 11 Trading Company, LLC, and will include products ranging from AV receivers, HiFi equipment, mini-systems, smart speakers, turntables, sound bars, home theater systems, optical disc players and more, broadening the Company’s portfolio to include a diverse mix of audio products. Onkyo and Pioneer Corporation will continue to distribute Klipsch branded products in Japan.

Paul Jacobs, President, and CEO of Klipsch stated, “With this new alliance, we become a truly innovative and complete audio solutions provider in consumer technology and better equipped to address consumer demand with state-of-the-art AV solutions. We will continue to look for areas to expand our business, leverage strengths, and work closely with the Onkyo team to enhance the consumer experience.”

“We’re excited to expand this strategic partnership from Japan into the Americas and are confident that Klipsch is the ideal partner to drive our business to the next level,” said Jason Sausto, CEO of Onkyo USA Corporation. Sausto will become a senior advisor for this partnership in the Americas.

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About Klipsch Audio

In 1946 Paul W. Klipsch, inventor, acoustics pioneer and maverick, founded Klipsch Audio with the sole purpose of bringing the power, detail, and emotion of the live music experience into his living room. Through the use of highly efficient speaker designs, handcrafted cabinetry, and a thirst for real engineering breakthroughs – Klipsch, the great American loudspeaker company, was born in Hope, AR. Today, our diverse range of quality audio products includes speakers and headphones for almost any consumer and professional application – including cinema, whole-house, wireless, home theater, and portable offerings. Honoring our founder’s legacy, Klipsch continues to be the legendary high-performance brand of choice for audiophiles and aficionados around the world. Nous sommes The Keepers of the Sound®.

Klipsch® and Keepers of the Sound® are registered trademarks of Klipsch Group, Inc., registered in the U.S. and other countries. Klipsch Group, Inc. is a VOXX International Company (NASDAQ: VOXX).

About Onkyo Corporation

Since 1946 Onkyo has been passionately committed to developing audio products that deliver uncommon performance, quality, and value. Bundling proprietary technologies and innovations with other sound-enhancing exclusives, Onkyo continues to create award-winning products that are lauded by industry-leading audio publications. The company’s philosophy is to deliver products and services that are superbly designed and built to a consistently outstanding standard of excellence. Today, Onkyo is at the forefront of the home theater and digital revolutions. For more information, visit www.onkyo.com.