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Major Transition Hits Specialty Stalwart Parasound as Founder Retires

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Parasound Halo JC1+ amplifier
Parasound Halo JC 1+

Parasound is a unique company. A long-time specialty segment stalwart, the company has been delighting audio enthusiasts for more than forty years! That is no small achievement when you consider the twists and turns of the specialty segment over that time frame.

And the credit for that success is largely due to the commitment to quality – and, frankly, just the bulldog temerity – of founder and CEO Richard Schram. So it is a development worthy of note that, yesterday, Schram announced his retirement from the company and its sale to a new owner.

Learn more about Schram’s retirement and Parasound’s transition to new ownership

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Masimo, Sound United Parent, to Expand Denon’s HEOS System

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Masimo image showing Sound United brand HEOS

Company Finally Gives a Glimpse of Its Sound United Strategy

In what may turn out to be the best test yet of Masimo’s long-term plans for Sound United, the company announced today that it is launching an expansion of HEOS, the wireless home system initially developed by the company’s Denon division as part of a whole-home wireless music system. When Masimo acquired Sound United back in February of this year, Denon’s “cloud-connected home ecosystem” was one of the items it specifically mentioned as what attracted them to make the acquisition.

With today’s announcement, the company says that the launch of this “…expansion of the HEOS platform [will] provide a robust and always-on connection to the Masimo Health secure cloud.”

See more on this latest announcement by Masimo

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B&W Offers a Racy McLaren Edition of Px8 HFs

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Can headphone design really be inspired by a rad-looking “supercar”? Apparently, as high-end, high-performance speaker maker Bowers & Wilkins (B&W), a division of Sound United, announced today a special McLaren Edition of their flagship Px8 reference-grade, over-ear, wireless, noise-canceling headphones.

The company said it created the special model to celebrate its 5-year relationship with luxury, high-performance car manufacturer McLaren Automotive.

See more on Bower & Wilkins special McLaren Edition Px8 headphone

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WiSA Raises $7.6 Million in Public Offering; Takes Down ‘For Sale’ Sign & Launches App

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WiSA Technologies, Inc. (NASDAQ: WISA), “a developer of spatial, wireless sound technology for smart devices and next-generation home entertainment systems,” announced recently that it has successfully closed on a $7.6 million public offering…breathing new life into the struggling organization. The offering was made pursuant to an S-1 filing with the SEC, which declared the registration as effective on November 29, 2022.

See more on this news from WiSA Technologies…

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Savant Power Raises Savant’s Power in the Market by Partnering with Sunnova

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Sunnova, new partner of Savant

Savant Systems, Inc. (Savant) announced on Monday it’s Savant Power division has partnered with heavyweight energy solutions and services provider Sunnova Energy International, Inc. (Sunnova) (NYSE: NOVA). This is the kind of deal that can turbocharge Savant’s growth in the energy monitoring and control segment – a segment in which they are already a leader in the custom integration space.

Learn all about this deal between Savant Power and Sunnova…

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Why is Snap One Stock Dropping to New 52-Week Lows Recently?

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slide from Snap One earnings report

Snap One (NASDAQ: SNPO), a major player in the custom integration/smart home channel, recently reported its fiscal 2022, third-quarter results last month, showing both revenue gains and reduced losses. The company says sales are slowing and they revised their forward-looking guidance for yearly performance downward.

Since this earnings report was released, the value of Snap One stock has really struggled, dropping 19% and setting several new 52-week lows.

See why Snap One stock struggles in the wake of their Q3 performance report

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ISUS in America? Emerald Adds a Commercial Show to CEDIA Expo; Exhibitors React

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Emerald owned CEDIA Expo 2022

Emerald Expositions (NYSE: EEX), the national B2B trade show company that owns CEDIA Expo, CE Pro, and Commercial Integrator surprised the industry at the recent CEDIA Expo 2022 by abruptly announcing that next year they will be “co-locating” a show for commercial integrators at the same time and in the same facility. Reaction to this announcement was…to put it mildly…mixed. Is Emerald trying to imitate the Integrated Systems Europe (ISE) show – an event for both residential and commercial businesses – by launching an ISUS (Integrated Systems United States) event??

Do you wonder why there was a mixed reaction to Emerald’s move? Read on…

See why some big exhibitors were not happy with the Emerald announcement…

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WiSA Technologies Puts Up a ‘For Sale’ Sign

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WiSA Technologies home page

On Monday, WiSA Technologies, Inc., a “developer of spatial, wireless sound technology for smart devices and next-generation home entertainment systems,” announced that it has hired an advisor to aid them in moving forward with an “exploration of strategic alternatives” for the company.

In other words, it is putting itself up for sale.

See more on WiSA looking for a buyer

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Sonance Residential Biz In Canada to Go From Distributor to Company Direct

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Sonance booth at CEDIA Expo 2022

Sonance announced this week that it is transitioning its residential business in Canada to a direct model, ending its distributor-led approach that has existed there for several years. Beginning on January 1, 2023, all sales and service of residential products from Sonance, James Loudspeaker, and IPORT will be handled directly by Sonance’s salesforce.

Learn more about this change by Sonance in Canada

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VOXX Intl, Owner of Onkyo & Others, Reports Fiscal ’23 Q2 Sales Decline, $11M Net Loss

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VOXX International Corporation (NASDAQ: VOXX) announced its financial results for the second quarter of fiscal 2023 this week and they were quite sobering. Not only did revenues decline by double digits, but the company had a dramatic increase in net loss to nearly $11 million.

What went wrong?

See more on VOXX Intl’s fiscal Q2/2023 results

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