Strategy in TECH...
Fyne Audio, a U.K. manufacturer of advanced high-end audio loudspeakers based in Scotland, has appointed Harmonia Distribution as its distributor for the United States market, effective immediately. Harmonia, formerly known as Upscale Distribution, said in an announcement that it is proud to have been selected by Fyne, a manufacturer that represents a blend of the best of “contemporary and traditional designs.”
UPDATE: See the latest news that broke the day after this story was posted at the bottom of this story…
The Masimo vs. Apple saga continues as the ban on Apple Watch models that the U.S. International Trade Commission (USITC) declared infringed on multiple Masimo Corp. (NASDAQ: MASI) patent claims is now in full force as the Biden Administration declined to veto the USITC decision. Apple’s (NASDAQ: AAPL) hopes for a presidential intervention countermanding the USITC ban from taking effect were dashed as the Presidential Review period expired at the end of Monday – yes, Christmas Day – with no action taken by the White House.
Speaking for the Biden Administration Tuesday morning, Katherine Tai, the U.S. Trade Representative said the government “decided not to reverse the ban following careful consultations.” With that, the Apple Watch ban took full effect.
Apple Inc. (NASDAQ: AAPL) announced that this week it was preemptively removing certain models of its Apple Watch line from its online store on Thursday, and from its physical retail stores by December 24th. The products affected by this action are the Series 9 and Ultra 2 Watch models which include pulse oximetry technology that the U.S. International Trade Commission (ITC) determined infringed on patents held by Masimo Corp. (NASDAQ: MASI).
Savant Systems, Inc., a leading provider of control, home automation, smart home, and smart power solutions, announced on Monday that it has acquired the assets of J Geiger Shading, a leading provider of architecturally conscious shading products. The two companies have had an ongoing association for several years now, and this new transaction brings J Geiger products under the Savant umbrella.
Azione Unlimited, a leading buying group of custom integrators that calls itself the Smart Home Association, has for years been recognized as a leading provider of compelling education and knowledge sharing for its member companies. Now, the organization announces a reinvention of the education process that they call the Dynamic Education Ecosystem.
Nice, a multi-national company based in Italy with a portfolio of Home Management and Building Management brands (including former Nortek Security and Control brands) and its primary shareholder BeNice Holding, has finalized a strategic partnership with FSI, an Italian private equity investment company. This partnership was first announced in August as part of a capital investment by FSI and has now fully closed.
Upscale Distribution, a distributor of high-end, high-fidelity audio components that originated in association with Southern California retailer Upscale Audio, has announced that it is rebranding as Harmonia Distribution. The new brand is not just a new name, but rather a reflection of a changed mission and new, more independent direction for the company.
As part of this new business model, the company has named a new president who will guide the Harmonia Distribution down this new path.
Spotify Technology, S.A. announced that it will lay off approximately 1,500 employees, or about 17% of its entire staff. The company says the cuts are necessary to adjust operations for a very different operating environment than it anticipated when it built staff to drive growth in 2020 during the pandemic.
These are not its first layoffs in 2023…
Nationwide Marketing Group’s Oasys Residential Technology Group division reported this week that its membership has grown “over 100%” in 2023, a remarkable achievement in a relatively short period of time. It also propels the overall organization towards its publicly stated goal of achieving a total of at least 1,000 custom integration members across its three brands as part of its “Drive to 1,000,” first announced in March this year.
Darren Myers doesn’t look like your typical audio electronics engineer. He also doesn’t sound like a typical audio engineer. A young guy with fresh ideas…maybe they make sense, maybe they don’t…I had an unusual, thought-provoking, and even at times surprising conversation with Darren Myers, Parasound’s Vice President of Research and Development.
See what Myers thinks about the revitalization of Parasound and what he believes is an exciting and expanding future for the entire high end audio industry.
