Strategy in TECH...
We first told you about Pioneer’s plans to sell off their struggling AV division just last month in a SYNCH Breaking News exclusive. Now word comes out of Japan as to the identity of the buyer for this business – a group that includes a private equity company and Onkyo.
The HDBaseT Alliance, an organization formed to promote the HDBaseT technology and grow its market, announced today that Sony Corporation will join the group as a Contributor member. One of their biggest “gets” yet, Sony is said to be introducing new energy-efficient HD projectors with the HDBaseT functionality.
Power protection manufacturer SurgeX announced today that Jimmy Paschke, former Core Brands Director of CI, has joined the company as its new Southern Regional Sales Manager. The appointment is effective immediately.
Harman International Industries, Inc. announced today that is has acquired St. Louis-based Yurbuds, LLC., a manufacturer of headphones. Terms of the transaction were not disclosed. The acquisition seems surprising, given the fact that Harman already owns brands such as JBL and AKG that already offer headphones.
Just one day after we reported on layoffs at Velodyne’s audio division, we received word from the company that it is authorizing the Powerhouse Alliance, a national group of distributors, for its line of subwoofers. The agreement will make Velodyne subwoofers available to Powerhouse Alliances’ nationwide network of retailers and installers.
Multiple sources are reporting that Velodyne Acoustics, Inc. – a once high-flying specialty subwoofer manufacturer – has had a significant layoff in its audio division last week as the company seeks to redeploy its resources full-scale behind its LIDAR business. The company, which is driven by its enigmatic founder, David Hall, is betting its future (betting the farm, some would say) on its LIDAR technology which is used in self-driving vehicles (such as Google’s).
Screen Research, a line of high-performance projection screens owned by the Adeo Group of Italy, announced that it has selected specialty products distributor Grace Motif, Inc. as its exclusive distributor for the U.S. custom installation market, effective this month. Grace Motif has been the Screen Research distributor for the commercial market since the beginning of this year, so this announcement represents a significant expansion of the relationship.
A new group of industry veterans have formed for the purpose of launching six regional trade shows covering the entire U.S. – three shows taking place in the fourth quarter of 2014 and another three shows in the first quarter of 2015. The group says that this event – called The Tech Tour – came about as the result of manufacturers, representatives, and media representatives working together to provide dealers and installers a new easy-to-attend regional tradeshow and educational event.
On Wednesday, Lenbrook America, the exclusive distributor of NAD in the U.S., held a press presentation in a suite at the upscale Andaz 5th Avenue Hotel in Manhattan. It was a cool but gray and curiously humid day…still able to create enhanced perspiration for those rushing to the event from assorted train/subway/bus stops. But those members of the press who chose to attend were well rewarded for their efforts, as NAD launched a significant update to their Masters Series line – an update designed to further target a new customer that the company calls “Audiophile 2.0.”
Screen Innovations announced this week that it is launching new, larger sizes in its popular Black Diamond series of projection screens. The new larger screen size – in each of two aspect ratios – will now include: 120-inches (16:9)…and 150-inches (2.35:1).
