Strategy in TECH...
Earlier this week, sources told Strata-gee that Kaleidescape co-founders Michael Malcolm and Cheena Srinivasan have left the company. Malcolm is said to have left a couple of months ago and Srinivasan reportedly left the organization just last week.
IPORT, a Sonance company, announced this week it is launching an all-new, totally redesigned IPORT Connect Pro line of products. IPORT is an award-winning line of products that hold, charge, and protect tablets in a residential or commercial space. IPORT Connect Pro takes its already user-appreciated design and utility to the next level.
LG Electronics announced today that it is targeting the super-luxury residential market with a new wall-sized display based on Direct View LED (DVLED) technology. They call their new series DVLED Extreme Home Cinema and while they are not the only purveyor of the technology, LG says they are best positioned for success in the category due to their “years of [experience] building premium consumer electronics, keen understanding of affluent consumers and deep expertise as an innovator of DVLED technologies.”
Premium networking systems and services specialist WhyReboot announced this week that they have set up a national network of independent specialty manufacturers sales representatives. The company has appointed nine top rep firms across the country, expanding their local presence for both sales and support.
Melrose PLC, the private equity turnaround expert that purchased the entirety of Nortek back in 2016, unceremoniously let it slip in a bullet point of a report on financial results, that it has found a buyer for the last remaining piece of the Nortek puzzle they have struggled to turn around over the years. Although they did not name the buyer, Melrose says a contract has been signed for a $285 million deal – remarkably low considering all the brands included in this transaction.
Bowers & Wilkins (B&W) announced today that they have partnered with BMW as the audio system provider for their new luxury electric SAV (sports activity vehicle)…the eagerly anticipated iX. The company says that engineers from both of the partners worked closely together to develop an audio experience that “feels as though you are there with the artist in the studio” – or what B&W likes to call “true sound.”
Schneider Electric is looking to take that dumb old 110v power coming into the typical residential home and make it smarter…much smarter. As part of its strategy to lead the digital transformation of energy management and automation in the home, the company has launched two new lines called the Square D X and XD Series of connected wiring devices. This opens up a whole new world of control convenience and possibilities for homeowners, and the integrators who serve them.
In a post yesterday, I suggested that the evidence seemed pretty clear – this year, attendees would find a very different CEDIA Expo. Today, the opening day of the event has seen a few videos and photos uploaded on Facebook, YouTube and other social media sites which seem to suggest that this is indeed a very different Expo.
Snap One Holdings Corp. (NASDAQ: SNPO) announced the results of their fiscal second quarter, the period that ended June 25, 2021. This is the first official report to investors for the newly public company, and Snap One executives were excited to talk about all the positive milestones they achieved in the quarter – first and foremost, launching a successful public offering. Aside from a technical glitch in their conference call with analysts, it was all good news from the company.
Digital Projection, Inc. (DP), a leading video technology provider, announced this week that it will withdraw its participation in CEDIA Expo 2021, as well as all large, in-person tradeshows for the remainder of 2021. While DP says they enjoy meeting face-to-face with “customers, partners, and friends,” the ongoing COVID-19 pandemic has forced them to reexamine the risks of such events and led to this decision.
