AMEX, UUU - Universal Security Instruments
Universal Security Instruments, Inc. (?we? or ?the Company?) designs and markets
a variety of popularly-priced safety products consisting primarily of smoke
alarms, carbon monoxide alarms and related products. Most of our products
require minimal installation and are designed for easy installation by the
consumer without professional assistance, and are sold through retail stores. We
also market products to the electrical distribution trade through our
wholly-owned subsidiary, USI Electric, Inc. (?USI Electric?). The electrical
distribution trade includes electrical and lighting distributors as well as
manufactured housing companies. Products sold by USI Electric usually require
professional installation.
In 1989 we formed a limited liability company under the laws of Hong Kong, as a
joint venture with a Hong Kong-based partner to manufacture various products in
the Peoples Republic of China (the ?Hong Kong Joint Venture?). ...
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