San Antonio — The Progressive Retailers Organization was at the Westin La Cantera Hill Coun
Morges, Switzerland — Logitech International announced an organizational realignment that will eliminate 5 percent of its workforce and net the company up to $18 million in incremental savings for the next fiscal year, according to the company's 8K filing today.
The company anticipates recording a pretax cash charge of between $12 million and $14 million in the fourth quarter of the current fiscal year. The charge is related primarily to the personnel reductions, with the company eliminating approximately 140 positions from its worldwide labor workforce.
Melville, N.Y. – Canon is taking 3D to a new dimension called mixed-reality (MR), by using a special head gear display to mix 3D images into real-world surroundings.
Called MREAL, the system uses a head-mounted display and software to create the illusion that computer-generated visuals exist within the real surroundings.
The technology simultaneously merges virtual objects with the real world, at full scale and in three dimensions.
Los Angeles — JVC Mobile Entertainment announced the release of its third and final episode of the “Turn Me On: The Road/Halestorm” campaign.
The campaign is designed to promote the company’s in-dash multimedia and navigation receivers. The third episode, titled “Here’s To Us,” features the band’s single of the same name and shows the group as it finishes its 2012 U.S. tour.
Los Angeles — Monster’s Noel Lee will receive a Lifetime Achievement Award from the Coalition of Asian Pacifics in Entertainment (CAPE) Foundation.
Lee, founder and head monster of monster, will be given the award at the Pre-Grammy Party presented by Verizon Wireless and hosted by MNET America, Planet LA Records and partners on Feb. 7 at East West Studios in Hollywood, Calif.
CAPE is the benefiting charity organization of the event.
Newark, Calif. — After yet another disappointing financial period, Logitech announced it was divesting its remote control and video security categories, as well discontinuing other products.
Sales for the fiscal-year third quarter were $615 million, down 14 percent from the prior-year period. The company posted an operating loss of $180 million, which included a non-cash goodwill impairment charge, estimated to be $211 million.
Chicago — Toddy Gear announced it’s moving all manufacturing to the U.S. from China.
Beginning Feb. 1, Toddy Gear will manufacture its Smart Cloth, Wedge and other products at a Chicago location. Company founder Todd Gabel is from the area, and the company’s offices are based there as well.
The move will provide better speed to market for products, and those in the promotional product industry will experience a decreased lead time and improved product quality, Toddy Gear said.
Las Vegas – Plantronics' Clarity division, which markets technology for senior citizens, has teamed with ClearCaptions to launch Ensemble, an amplified home phone that allows individuals with hearing loss to read incoming phone calls.
Through a 7-inch tablet-based display, Ensemble captions conversations in real time while also amplifying incoming sound up to 50dB.
LAS VEGAS — MTX Audio, part of Mitek’s electronics and communications group, unveiled during International CES a three-part strategy which includes its “Connected Commerce” dealer program, a unilateral pricing policy (UPP), and a five-year warranty.
Connected Commerce is an integration of in-store sales with online efforts in order to help increase a dealer’s reach, improve the customer experience, and lower costs, MTX said.
Las Vegas — Goal Zero used International CES to launch two solar-powered generators, including a 1,250-watt model designed to back up critical home appliances such as refrigerators, freezers and home health care equipment.
The Goal Zero Yeti 1250 Solar Generator Kit features a solar-powered lead-acid battery with three AC, 12-volt and USB outlets and is rated for continuous use. It can be fully charged in about 20 hours with two included 30-watt Boulder 30 solar panels.
LAS VEGAS — Beats Electronics named Ian Rogers CEO and announced a new music service known as Project Daisy.
Rogers will report to Beats CEO and co-founder Jimmy Iovine and president/COO Luke Wood. Rogers will also step into the leadership position at MOG, the streaming music service Beats acquired in 2012.
Project Daisy is set to launch in late 2013 as a stand-alone company under the Beats Electronics umbrella.