IRVINE, CA – April 22, 2015 – Incipio®, the leading designer and manufacturer of award-winning mobile device accessories and technology, today with TUMI announced a multi-territory, multi-year licensing agreement with leading global travel lifestyle brand, TUMI (NYSE: TUMI) to produce a range of premium mobile device accessories.
The strategic agreement will allow Incipio to manage the design, manufacturing and global distribution of TUMI branded mobile device accessories. As part of the license agreement, Incipio will introduce the TUMI brand to new, premium retail and distribution channels through leveraging Incipio’s established and wide-ranging presence in the mobile solutions industry.
The terms of the agreement will also allow Incipio to expand the TUMI branded mobile device accessory category of protective smartphone and tablet cases to include an extensive power product assortment and audio product line. The comprehensive range of high-end accessories will integrate TUMI’s signature design aesthetic with refined materials and smart functionality that attribute to the TUMI Difference.
“TUMI is an extraordinary global brand that is widely recognized for impeccable design and we are absolutely thrilled to work alongside them on this unique product offering,” said Andy Fathollahi, Chief Executive, Incipio. “With TUMI’s distinguished brand and Incipio’s knowledge and strong foundation of the mobile market, we look forward to growing the TUMI mobile accessory category and seeing the brand accessible to audiences in new and existing channels.”
“Mobile communication is an important part of the global travel lifestyle and with Incipio’s strong infrastructure and expertise in the tech accessory space, TUMI will be able to further strengthen our brand’s presence in the mobile lifestyle market,” said Jerome Griffith, Chief Executive Officer and President, TUMI.
The entire line of TUMI mobile device accessories is expected to range in price from $40 to $150 plus and will be available in international, premium consumer electronic retailers and carrier locations beginning in the fourth quarter of 2015.
Incipio® is the leading designer and manufacturer of award-winning mobile device accessories and technology based in Southern California. Established in 1999, Incipio® designs expertly engineered protective, versatile, and stylish solutions for virtually every mobile device. Through an untiring commitment to advanced technology and innovation, Incipio® has also evolved into a major power solution brand, offering a comprehensive lineup of portable power products as well as a Bluetooth-enabled solutions. In 2013, Incipio acquired wireless Bluetooth audio company, BRAVEN, and is now one of the fastest growing wireless audio brands in the industry.
TUMI (TUMI) Since 1975, TUMI has been creating world-class business and travel essentials, designed to upgrade, uncomplicate, and beautify all aspects of life on the move. Blending flawless functionality with a spirit of ingenuity, we’re committed to empowering journeys as a lifelong partner to movers and makers in pursuit of their passions. Designed in America, for Global Citizens everywhere. The brand is sold in over 260 stores from New York to Paris to London and Tokyo, as well as the world’s top department and specialty stores and travel retail in more than 75 countries. For more about TUMI, visit www.TUMI.com,www.facebook.com/TUMItravel, www.twitter.com/TUMItravel.
This release contains forward-looking statements, which address a variety of subjects including, for example, the expected benefits of the license agreement, the expansion and strengthening of the Tumi brand and the growth of Tumi’s mobile accessory category. All statements other than statements of historical fact set forth herein are forward-looking statements. The following important factors and uncertainties, among others, could cause actual results to differ materially from those described in these forward-looking statements: changes in consumer spending and general economic conditions; interruption in supply; inventory management and product quality control issues; the impact of counterfeiting and transshipping; and the success of new product introductions. For a detailed discussion of cautionary statements that may affect Tumi’s future results of operations and financial results, please refer to Tumi’s filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Forward-looking statements represent management’s current expectations and are inherently uncertain. Tumi does not undertake any obligation to update forward-looking statements made by us except as otherwise required under federal securities laws.