Strategy in TECH...
The last ninety days or so have been somewhat turbulent at Nortek Security and Control (NSC), with two top executives departing under foggy circumstances. First, in May we learned that President Mike O’Neal had left the company. Then, last week, news emerged that Joe Roberts, Executive VP of Products and Marketing had also departed.
I reached out to Joe Roberts to try to find out what was up with all of these changes at NSC.
TiVo Corporation announced this week that it has entered into a global IP (intellectual property) licensing agreement with leading home electronics supplier LG Electronics, Inc. (LG). This deal is consistent with the company’s persistent efforts to deliver a more comprehensive, unique, and easy-to-use feature pack and user experience on their premium TVs.
With most economists on pins and needles over the recent number of economic data points that seem to suggest an impending economic slowdown, word came at the end of the last week that the latest jobs report from U.S. Bureau of Labor Statistics saw employment take a big jump. According to this latest data, employers added a significant 224,000 jobs in June, a big increase from May’s anemic results.
Although the US is in the midst of a record period of economic expansion, more and more troubling signs have appeared over the last few months in the form of negative economic data points to suggest that a turn in the economy may be coming. This week, a trio of new reports – consumer confidence, sales of newly constructed homes, and corporate earnings revisions – suggest that economic growth is stalling and that “turn” may be here.
Perhaps this story will be a bit of a mirror of my experience from CE Week, some short takes on the interesting stories and technologies I uncovered there. Nothing was particularly earth-shattering…but that doesn’t mean that there weren’t many interesting items. So I encourage you to read on…
At CE Week last month, I was prepared to see the usual crop of gadgets and doodads designed to be sold to the masses through the retail channel. However this year, I was pleased to see a few more exhibitors offering products responsive to the custom integration channel. That includes the acoustics experts from Acoustic Innovations.
Smart home and security solutions were all over CE Week last month in Manhattan at the Jacob Javits Center. One solution I saw that hits both of those markets was the cleverly designed Smart Safe by Motorola. Didn’t think you needed your really dumb safe to be smart? Didn’t think you needed a safe at all? You may rethink all that when you hear Motorola’s pitch for their Flex and Bolt Smart Safe.
One of the more interesting booths I visited at CE Week earlier this month was by a company called Plott, a startup that offers very cool digital interactive measuring tools featuring augmented reality (AR) – or what they like to call extended reality (XR) – technology that interacts with an app on your smartphone in remarkable ways. This could be a game changer not only for the consumer, but for the construction, remodeling, custom integration communities as well.
Showing they can effortlessly walk and chew gum at the same time, SnapAV announced today the have reached a distribution agreement with Klipsch – an action they are taking while still in the middle of the process to buy Control4. As SnapAV has taken aggressive actions to grow their distribution infrastructure, they have been seeking these types of partnerships with brands to help better leverage their investment. This new agreement with Klipsch helps drive that goal.
