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Corp. Comms. Expert Crestron Launches Flex MM for Growing WFA* Future

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*Work From Anywhere

By now, most in the industry know that Crestron Electronics, the widely renowned luxury residential electronics systems manufacturer, is also a large major supplier of high quality and mission critical solutions for the corporate commercial and industrial markets. Today, the company is announcing that their two divisions worked together to create a new product called the Flex MM – a unique, flexible, unified communications solution that is just about perfect for the new Work From Home…or as Creston likes to call it…the Work from Anywhere…remotely distributed workforce.

See more on this new solution from Crestron…

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AudioControl Introduces Dirac Live Bass Control Technology in Cinema Line

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Dirac live logo

Specialty electronics manufacturer AudioControl and advanced digital room correction technology provider Dirac have teamed up to bring Dirac’s latest Dirac Live Bass Control technology into AudioControl’s line of high performance AV receivers, preamp/processors, and amplifiers. The perfect marriage of technology and application, this partnership will help spread Dirac’s technology throughout the custom integration community where AudioControl has a strong and supportive network of dealers.

See more on the AudioControl & Dirac partnership…

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COVID-19 Claims Another Victim – The 2021 Florida Audio Expo

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The Florida Audio Expo announced this week that they are cancelling their February 2021 high-end audio exposition due to “the extraordinary times and continued uncertainty.” Although their announcement does not explicitly name COVID-19 or SARS-CoV2, comments by show founders make it clear, noting that they “put our customers well being first.”

See more on the cancellation of the Florida Audio Expo…

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Sonos Fiscal Q3 Result Shocks Wall Street; Stock Value Skids 18%

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Sonos Move by the pool

Many Thought the Pandemic was Sonos’ Moment to Shine…Apparently Not to Be

Although Sonos CEO Patrick Spence and CFO Brittany Bagley both proclaimed that the Sonos fiscal Q3 results were “better than expected,” the fact that they reported that revenues had declined and the company booked a much larger net loss seems to be rubbing investors the wrong way. As of this writing on August 6th, the value of Sonos shares have declined more than 18% in afternoon trading.

See more on the Sonos fiscal Q3 results…

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A COVID Catastrophe – Emerald Reports 93% Drop in Q2 Revenues; Confirms Insurance Payments

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Emerald owns CEDIA expo

Owner of CEDIA Expo & CEPro Looks to Turn the Corner from COVID…Some Day

Emerald Holding Inc. (NYSE:EEX) – formerly Emerald Expositions Events, Inc. – released their fiscal 2020 second quarter results this week and it’s no surprise that they were brutal, as the company continues to find itself caught in a COVID catastrophe that is killing in-person events, like the very expositions they produce. With the second quarter covering the period of April – June, the previous peak of the pandemic’s infections and deaths (since exceeded), the company performance – as expected – was really challenged, with the bulk of their various trade shows and in-person events cancelled or postponed.

But the company did have one piece of good news…the insurance companies providing event cancellation insurance to the company have begun paying against their claims.

See an analysis of Q2 results for Emerald…

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Q2 GDP Crashes 33% in Worst Economic Quarter in Recorded History

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graph showing downturn

In new economic data released by the government today, the real gross domestic product (GDP) for the second quarter of 2020 declined an astonishing 32.9%, the worst ever such reading in recorded history. This result follows a decline of 5% in the first quarter and demarks a deep and painful recession resulting from the impact of the COVID-19 pandemic engulfing the United States, and the world.

Learn more about this stunning GDP crash…

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Lenbrook Agrees to Pay Royalties to End Sonos Patent Lawsuit

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Sonos logo

Sonos Inc. and Lenbrook Industries announced today that they have reached a settlement agreement bringing the patent litigation brought by Sonos to a close. The agreement is confidential, so no terms were disclosed.

Another win for Sonos; Read on for more…

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Major Credit Agencies Downgrade Outlook for GKN – Biggest Melrose Company

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GKN Automotive division graphic

Future of Nortek a Question

Melrose plc, parent company to Nortek, Inc., has taken some serious incoming hits this month – hits from both major credit rating agencies Fitch Ratings and Moody’s Investors Service. And these hits hurt. Fitch was first when they announced a couple of weeks ago that in a review of GKN Holdings Limited – Melrose’s largest holding by far – it was maintaining its credit rating at current levels, but it was changing its future “Outlook” to “Negative.” Today, Moody’s announced they too were changing their outlook on GKN from “Ratings Under Review” to “Negative.”

See why credit pros are downgrading the mighty Melrose bet on GKN…

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Residential Construction & New Home Sales Bounce Back in June

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Photo of construction workers

Two new economic reports from June covering the housing industry show promising results, with both residential construction (otherwise known as housing starts), and sales of newly constructed homes taking a nice bounce in June. This was welcome news after dramatic declines hit the housing market in early Spring.

But will it hold?

See more on the changing housing market

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Sources: Nortek Security & Control Shutting Down Niles and Sunfire Brands

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An image of the website of Niles, a Nortek Security & Control brand

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.

See more on the closing of Niles & Sunfire by Nortek

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