Chief Executive Officer & Director, Voxx
Search every verified Patrick Lavelle interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Patrick Lavelle, CEO and Director of VOXX International, has spoken about the company's expansion into new product categories and technologies. At the 2014 CES press conference, Lavelle introduced the company's new direction under VOXX Electronics, highlighting partnerships with iLock and ic360 to bring biometric iris authentication and 360-degree video technology to consumers. He described the Myris iris scanner as a solution to identity theft, noting that the false acceptance rate for iris scanning is one in 2.25 trillionikuha. Lavelle also mentioned the company's entry into the electric vehicle category with an EV charging system. Lavelle has also addressed the impact of patent litigation on his company. In a 2015 interview, he stated that patent trolls "put a freeze on innovation" and described their tactics as "almost like extortion." He said that VOXX had spent over $26 million on expenses related to patent trolls, money he argued could have been used for research and development. In a 2023 Marist College alumni address, Lavelle reflected on his career and philanthropy, including the dedication of Lavelle Hall, named for his parents. He credited his Marist education and the school's emphasis on ethics for his success, stating, "say what you're going to do and then do what you say."
“It's in the spirit of giving back that I am here today. I am honored to have this Hall named for my parents who sacrificed so much to give me a Marist education.”
“It's not right in your face but it's there — strong ethics and doing business: say what you're going to do and then do what you say.”
“Patent trolls put a freeze on innovation and... it's almost like extortion.”
“The patent trolls know the cost of patent litigation, so they will come in and offer a number — if it takes two and a half million dollars for a patent lawsuit they'll offer a five hundred thousand dollar settlement.”
“Any CEO of any company knows that he could spend two and a half million dollars and not get anything; might as well spend 500,000.”
“It's wasted money to a corporation and to an R&D effort.”
“In a case like our company, our expenses from patent trolls are over 26 million dollars today; that money could have been used for innovation and new product development that would have fueled new sales and the health of the company.”
“That's how patent trolls affect innovation.”
“The mission of VOXX Electronics is to create growth through innovation and the development of advanced technology to our ever widening channels of distribution.”
“We are entering the electric vehicle category with an EV charging system that will be deployed through our network and distribution to the new car dealer with professional installation at home that you can now get when you buy your EV vehicle.”
“The cost of identity theft to U.S. businesses is 57 billion dollars, and clearly there is a massive problem here that there's been no affordable solution today and certainly nothing for the consumer.”
“We have partnered with iLock, a leader in the field of biometrics and iris authentication, to introduce Myris, the cost-effective identity security solution that eliminates the need for usernames and passwords.”
“Myris converts your individual iris characteristics to an encrypted code unique only to you, granting access to your computer, e-commerce sites, social networks, and data in less than one second, making it impossible to hack because it stores no data, not even the image of your eye.”
“The false acceptance rate of iris scanning with video scanning of both eyes is one in 2.25 trillion, providing a tremendous leap in security compared to fingerprint or facial recognition.”
“The cost of identity theft and the time IT departments spend resetting passwords, estimated at 35 dollars per reset, highlight the urgent need for affordable and effective identity authentication solutions.”
Please join us in congratulating 2023 Dr. Dennis J. Murray Distinguished Service Award recipient, Patrick M. Lavelle, Class of ...
In his own words, President and CEO of VOXX Patrick Lavelle tells how patent trolls have hurt U.S. businesses.
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