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Mission and Markets Milestones and Highlights Shareholders' Letter Market Position Poised for Growth Number One Supplier

Over the past 5 years, we have leveraged our vehicle security and convenience platform to increase the size of our addressable market tenfold to nearly $3 billion, by entering the mobile audio and video categories, then home audio and most recently the satellite radio market. We expect to continue this growth trajectory by both increasing our core category sales while also entering attractive adjacent categories.

Directed has successfully entered new product categories by partnering with industry leaders, executing selective acquisitions, and growing organically through the introduction of innovative products designed by our award-winning Engineering staff. Directed Electronics has been recognized with 46 prestigious Innovations Awards at the International Consumer Electronics (CES) show. The company holds 87 issued U.S. patents with 16 pending.