Strategy in TECH...
Crestron Electronics, one of the industry’s leading control and automation system manufacturers, announced today that they are making a major push into the lighting segment – especially within the realm of what is generally known as human-centric lighting (HCL). Their new line of LED Light Fixtures not only contemporizes their lighting offerings to today’s standards – but I believe that they take the lead with an exciting and futuristic new capability known as Solar Sync™.
Onkyo Home Entertainment Company Ltd. (formerly Onkyo Corp.) has announced that two of its consolidated subsidiaries will cease operations and file for bankruptcy. It is yet another dramatic development in the company’s effort to stop the bleeding and stabilize the company. But substantial concerns exist about the company’s ability to continue as a going concern.
Sound United, LLC, one of the audio industry’s leading providers of high-quality branded electronics and loudspeaker products, announced late Wednesday that it is being acquired by Masimo Corporation, a global provider of medical products, in a deal valued at $1.025 billion. The two companies have entered into a definitive agreement in a transaction that is expected to close later in 2022.
Recently, an integrator I know goes to a trade conference. The principal hears a presentation on a new way to run his business, which is already generating a solid $5-6 Million in revenues. The presenter, a sort of business guru, is impressive and has authored a book.
On the eve of closing out their current fiscal year (fiscal 2021) on March 30, 2022, Sony Group announced their latest financial results for the first nine months of the fiscal year…and included a surprising new upgrade of their forecast, now saying they’ll have a record operating profit for the year. This was a high note for the company, a company that has benefitted from consumers spending more time at home playing video games on their PlayStation, thanks to the COVID-19 pandemic.
But the company also answered the question that many – including me – had about Sony entering the automobile business via their new Sony Mobile division – and in so doing, reiterated their plan to move away from a hardware-centric business.
In an internal email circulated to company employees on Monday, Joel Sietsema, Sound United’s Brand President of Marantz and Classé, announced a “change to the leadership structure of the Marantz and Classé organization.” That change is a big one – Dave Nauber, leader of the Classé brand for nearly 20-years, will be leaving the company at the end of March, “to pursue new opportunities.”
Snap One announced on Thursday that it has acquired Staub Electronics, a distributor based in Canada who has been the Snap One distributor there for ten years as an independent entity. Snap One says this “strategic move” will “elevate [the] partner experience in Canada.”
Multiple media outlets, including the venerable Reuters News Agency, are reporting that Samsung Electronics chartered two jets to return a total of 20 of their executives and staff who became infected with COVID-19 at CES 2022. In addition to this, South Korean health officials are reporting that a total of 70 Korean nationals – including the 20 Samsung employees – returned (or are trying to return) from CES infected by COVID.
The Custom Electronic Design & Installation Association (CEDIA) announced today that its Cabling & Infrastructure Technician (CIT) Certification has received third-party accreditation which means that it conforms with the global ISO/IEC 17024:2012, General Requirements for Bodies Operating Certification of Persons standards. This is according to the ANSI National Accreditation Board (ANAB), a subsidiary of the American National Standards Institute (ANSI), which oversaw the process that determined the CIT Certification program fully conforms with ISO/IEC 17024 global standards.
Integrated Systems Europe (ISE), a popular custom integration trade show that takes place in Barcelona, Spain, announced this week that the show managers have decided to postpone the event from its originally scheduled run of February 1-4, 2022 to now May 10-13, 2022. The reason for the postponement is due to the rapid rise of Omicron-variant COVID-19 infections in Spain as well as its impact on international travel overall.
