Strategy in TECH...
Multiple sources are confirming to Strata-gee that Nortek Security & Control (NSC or Nortek) is planning to shut down two of their brands – Sunfire and the once iconic Niles. The move is said to be the result of their relative under-performance as the company shifts its focus to the apparently more successful brands, such as Elan.
Melrose Industries PLC, an engineering turnaround company that recently acquired Nortek, Inc. (parent company of Core Brands) announced last week that it sees margins improving at Nortek already, even though it only acquired the company just last year. Not only that, but thanks to adding Nortek to its stable of investments, Melrose has seen its revenues triple – driving its stock to a record high.
When we first reported on the appointment of Frank Sterns as Sony’s VP of A/V Specialty/Custom Integration on the eve of the September 2013 CEDIA Expo, like many of you…we were skeptical. After all, we’ve heard encouraging announcements from Sony before…only to watch those initiatives in limited distribution, high-end products fall into disrepair through over-distribution, under-resourcing, or both.
But this time is different, Sterns tells us. And as he runs around the country setting up a whole new sales operation…we’re beginning to believe him.
Niles Audio, a division of Core Brands, had an interesting display at CEDIA 2013’s Press Day event. Although the Cynema Soundfield – an in-wall soundbar – had been previously announced, Niles executives Michael Strange and Bill Hensley, presented it in a whole new, and much more meaningful way, with a wall cutaway showing just how unique the product really is.
We have learned today that former President of Niles Audio, Frank Sterns, is now the Vice President of Custom Installation at Sony Corp. This new appointment, effective this week, marks a significant change for Sterns who has been consulting to a variety of primarily smaller custom integration brands for the last two years.
Prior to CEDIA Expo, I knew very little about LED lighting systems, but I learned a lot after meeting with Frank Sterns, new Chief Operating Officer (COO) and President at NuLEDs. The remarkable NuLEDs PoE IP-addressable LED lighting system brings a new level of control, flexibility, programmability, and energy efficiency to the market. It’s a cool system that offers a new profit opportunity to industry integrators and installers.
