Strategy in TECH...
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.
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.
This has to rank up there with one of the most spectacular product failures in tech history. According to leaked documents acquired by Insider, Amazon’s “Worldwide Digital” unit – the unit that includes Echo smart speakers, Alexa voice technology, and Prime Video streaming – lost over $3 billion in just the first quarter of this year. It is on pace to lose $10 billion for the year and the company has announced its largest layoffs ever – cutting more than 10,000 jobs…many targeted to hit this division specifically…as Amazon reorients their business strategy.
Masimo Corp. (NASDAQ: MASI), the owner of major audio company Sound United, revealed last week that it had received a favorable ruling against a former employee who was found by the Honorable Judge James V. Selna of the United States District Court of the Central District of California, to have stolen numerous company trade secrets and then employed them in the design of a competitive product and in numerous patent applications. With this conclusion, Masimo earned a long, hard-fought win that gives them positive momentum as they head to court again against a bigger combatant.
Why is this case – Masimo vs. True Wearables – particularly notable? Because alongside this action, Masimo is also suing Apple, Inc. on many of the same issues – a case that has just been incredibly bolstered by the District Court’s ruling against True Wearables and its founder Dr. Lamego.
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.
NETGEAR, Inc. (NASDAQ: NTGR), a billion-dollar provider of networking gear for both the consumer and professional markets announced two new powerful wireless access points – one WiFi 6 and another WiFi 6E – targeted for the residential custom integration channel. Along with these new models, the company is also offering powerful professional services, including remote monitoring and management capability and technical support such as placement guidance and network design services.
Savant Systems Inc., a leading brand of smart home automation and control solutions, announced today that it is adding even more features to its software subscription model, further increasing its value to both end users and integrators. In 2021, the company converted its operating system to a Software-as-a-Service (SaaS) subscription model, offering homeowners more value, as well as offering new opportunity for their dealers. Now, this SaaS subscription program is set to receive several new and upgraded features, bringing even more value to the program.
Bowers & Wilkins (B&W) announced today it has completely updated and upgraded its remarkable 700 Series line of loudspeakers, the line just below their renowned 800 Series Diamond, with no fewer than eight new models. And, as you might suspect, with this new 700 Series the company borrows liberally from the superior technology of its flagship 800 Series.
Creston Electronics announced today its plans for the upcoming CEDIA Expo show in Dallas at the end of the month. The company says they will have a big showing for their Crestron Home ecosystem and a “deep roster of new solutions” that integrators are going to want to see.
After two years of tussling in courts, with both sides registering a mix of wins and losses on various matters, you’d think some kind of settlement would be in order. But last week, Google intensified its patent war with Sonos by opening up yet another front with two new lawsuits on voice control and other technologies, leading me to believe that any type of settlement is yet down the road.
