New York — The Anti-Defamation League’s National Consumer Technology Industry divisio
Phoenix – MTX Audio will go to International CES to unveil a new business strategy said by president Loyd Ivey to represent “a fundamental change in the way MTX delivers products to its customers.”
Ivey said, “Despite major shifts in the mobile audio market, many in the industry are clinging to antiquated business models that make it impossible to compete,” he contended.
“MTX Audio has designed a smarter, new way of doing business, removing costs and links out of the supply chain.”
This TWICE webinar, hosted by senior editor Alan Wolf, will take a look at what may be the hottest CE products at retail that will be sold during the all-important fourth quarter. Top technologies, market strategies and industry trends will be discussed with industry analysts and executives.
Columbia, Md. – HD Radio developer iBiquity Digital entered into a promotional partnership with pop band Totsy, which is the opening act for the 22 shows in Brian Setzer’s Christmas Rocks! Extravaganza Tour in November and December.
For the shows, HD Radio stations are creating promotional opportunities that highlight Totsy and HD Radio technology, iBiquity said.
iBiquity CEO Bob Struble said HD Radio stations, via their ability to simulcast multiple programs, enables new artists like Totsy to be heard.
New York – Low pricing will help keep consumer electronic market revenue for manufacturers just barely above water for 2012, according to IHS iSuppli.
Jordan Selburn, senior principal analyst for consumer platforms, is forecasting a 1.4 percent increase in sales this year by OEMs as these companies zero-in on attracting customers with low-ball pricing.
Indianapolis – Dion Longworth, product development and technology director at Indy Audio Labs, and his wife Jennifer died as a result of the recent home explosion in Indianapolis.
Longworth previously worked for Klipsch, said Indy CEO and co-founder Rick Santiago.
Indy Audio Labs worked with the families of the deceased to establish an educational fund through the Central Indiana Community Foundation, Santiago said. The fund will assist in education scholarships and grants as well as community beautification projects.
West Hartford, Conn. – Home automation supplier Legrand acquired multiroom-audio company NuVo as part of its continuing plan to acquire companies whose products complements its own, the company announced.
Terms of the transaction were not disclosed.
Legrand concentrates on the low-voltage entertainment, security, lighting, communication, and automation solutions for residential markets. Its other residential brands include OnQ, Vantage, and Biticino.
Onkyo, Imagination Technologies, and Pure, the consumer product division of Imagination Technologies, have formed a strategic collaboration in connected audio technologies.
This multi-faceted agreement will draw upon Imagination’s breadth of processor, connectivity, cloud and audio technologies to complement Onkyo’s audio expertise, premium brand and geographic reach. These will be brought together to enable Onkyo to deliver connected audio capabilities across its product range, strengthening its leadership in the high quality audio market, the company says.
Providence, R.I. – Nortek, parent of multiple residential and commercial systems brands, posted its second consecutive quarter of net profits, but the figure was small.
In its fiscal third quarter, the company posted a $4.7 million net profit compared with a year-ago loss of $2.1 million. Second-quarter net profit was $18.5 million compared with a year-ago net loss of $31.9 million. The first-quarter net loss was $1.2 million.
In fiscal 2011, the company posted a net loss of $55.9 million following a 2010 net loss of $13.4 million.
San Francisco – U.K.-based Pure, which arrived in North America in 2010 with a variety of tabletop Internet radios, has added its first color-touchscreen model.
The $449-suggested Sensia 200D Connect also expands the company’s selection of tabletop Internet radios with the ability to play music streamed from Android and iOS mobile devices.
North Andover, Mass. — InstallerNet, which coordinates the installation of consumer and commercial electronics through independently owned mobile and home electronics installers, will manage installation services for home, car and pro audio products made by The Epsilon Group.