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Part 2 of Strata-gee Interview with New Crestron CEO Dan Feldstein

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Photo of Dan Feldstein, new CEO of Crestron

Supply Chain, CEO Role, Going Public, a Better Partner

Last week I wrote about my opportunity to attend the inaugural Creston Next Road Trip in Boston in November. One of the most interesting parts of that experience was having the opportunity to interview new Crestron CEO Dan Feldstein. Crestron, one of the biggest players in the custom integration game, was founded by Dan’s father, George Feldstein (who passed away in 2014) and I was interested in learning more about how the new CEO saw the world and his top priorities and opportunities for the company.

In this Part 2 of that interview, we learn how the company is dealing with the industry-bedeviling supply chain issues, why it will never go public, how Dan views the CEO’s role, and how the company seeks to be a better business partner.

See Part 2 of my interview with Crestron CEO Dan Feldstein

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Crestron – The Next Generation: My Interview with New CEO Dan Feldstein

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Dan Feldstein, new CEO of Crestron at Crestron Next Road Trip in Boston

How He Came to be CEO and Where He’ll Pursue Growth

Last month I had the opportunity to attend the first-ever Crestron Next Road Trip event held in Boston, MA. The company is using the Road Trip as a replacement for the lost CEDIA Expo 2021 where they and around 150-200 other companies pulled out in the face of rising COVID infections. It is designed to offer integrators an opportunity to view its many new recently introduced products, take a variety of training courses, and get a preview of some future technology.

But most importantly for me, I was granted an opportunity for an unrestricted interview with Crestron’s new CEO, Dan Feldstein. The interview was originally scheduled for 30-minutes but actually ended up lasting more than an hour and a half, as our vigorous conversation covered a lot of ground – including big topics, such as how Feldstein came to be the company’s new CEO, and what market areas he believes offer the greatest growth opportunity for the company.

See my interview with Dan Feldstein, Crestron CEO…

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Snap One: What May Be Its Greatest Invention Yet

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Snap One meeting with Ted Green of Strata-gee

A Strata-gee Exclusive Report

In a special presentation to Strata-gee, Snap One educators Rus Rassmussen and Shayne Larsen shared with me the company’s latest revamped educational initiative designed to better educate integrators by improving comprehension and retention. This program, created and designed by the company’s education team, is now beginning to roll out and is impressive in scope, style, and design – it just may be Snap One’s greatest invention yet.

See all the details on this impressive education initiative from Snap One…

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Snap One Sees Q3 Revenues Increase Thanks to Price Increase & More Dealers

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But a 57% Increase in SG&A Expenses Swung the Quarter to a Net Loss

Snap One Holdings Corp. (NASDAQ: SNPO) announced the results for its fiscal 2021 third quarter last week and said that thanks in part to an August 2021 price increase and continued expansion of its dealer base, the company booked a substantial revenue increase to $260.7 million, or 15% higher than the same quarter the year before. However, the company additionally reported a net loss of -$21.5 million, way below the net income of $1.4 million in the quarter last year, due to a significant increase in SG&A expenses.

See more on the Snap One 3rd quarter results

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Snap One Continues Local In-Market Expansion; Adds New Florida ‘Store’

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snap one partner store logo

Snap One announced this week that it has opened another “Partner Store” – a locally based warehouse location – that carries its products as well as other brands and offers support and training for area integrators. This new location opened in Hollywood, Florida, and – interestingly – is being operated by their Allnet branch.

See more on the continued expansion of Snap One

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CEDIA Appoints New Head of Education & Training

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CEDIA’s new headquarters building in Fishers, Indiana

Custom Electronic Design & Installation Association (CEDIA) announced today that it has appointed Amanda Beckner as its new Vice President of Education and Training. Beckner replaces the recently departed Samantha Ventura and is said to bring two decades of experience to the role. Most notably, Beckner was VP of Learning for AVIXA, the commercial integrator trade group.

Learn more about Amanda Beckner at CEDIA

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Emerald Says Fiscal ’21 Q3 Revenues Up & Losses Down as Live Shows Restart

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CEDIA Expo 2021 staged by Emerald

But Were Things as Rosy as Its Report Suggests?

Emerald Holding, Inc. [NYSE:EEX] (Emerald), formerly Emerald Expositions and owner of the CEDIA Expo and CE Pro, announced this week that, thanks to the restart of live events in the third quarter of fiscal 2021, they were able to see a substantial reduction in their net losses on a significant revenue gain as compared to the same quarter in 2020 – the year of COVID shutdowns. While the company is still battling its event cancellation insurance providers in a California court for reimbursement for past canceled and impacted events, they say that they see the road to recovery ahead.

See more on the Q3 announcements from Emerald

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UEI Earns Wide National News Coverage for All the Wrong Reasons

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UEI screenshot with logo

Allegations of Conspiring With China’s Gov’t to Use Uyghurs in a Forced Labor Arrangement

In a rare show of bipartisanship, a group of U.S. Senators has sent a strongly worded letter to a leading consumer electronics industry remote control maker Universal Electronics, Inc. (UEI) launching a probe into the company’s hiring practices in China. Unique to UEI is that they own their own factories in China (most contract with existing China OEM factories) and a recent damning investigation by Reuters alleges the company is working with the Chinese government to utilize a widely persecuted Uyghur minority in a forced labor arrangement, a human rights violation. UEI has denied the accusation but so far has not provided data to back up their denial.

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CEDIA Names Daryl Friedman as New CEO; Has Extensive Association Experience

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Photo of Daryl Friedman

New CEDIA CEO Tells Strata-gee, ‘I Promise You Transparency’

The Custom Electronic Design & Installation Association (CEDIA) announced today that it has named Daryl Friedman as its new Global President & CEO. Friedman’s appointment is effective as of November 27, 2021. Don’t know that name? I’m not surprised as Friedman, an experienced Association executive, comes from the Recording Academy…the folks who bring you the Grammy awards. In an interview this week, Friedman told me that he’s close to the engineers and producers – the highly technical folks in his current association – so he brings a clear technology appreciation to his new role.

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Well-Known Industry Vet Lawrence Davis Joins Vital

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logo for Vital

CI coaching business Vital announced this week that well-known industry veteran Lawrence Davis has joined the company as its new VP of Business Development. The company says that this move is “the first step in their growth plan.”

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