AudioControl’s booth was consistently busy with lots of integrator traffic at last month’s CEDIA 2015 Expo. Much of this traffic was due to the fact that the company was showing several recently announced new models for the first time.
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Artison Backpack: Small Solution to Huge Problem
One of the neatest solutions we saw at the 2015 CEDIA Expo was Artison’s clever new product called the Nano Backpack WP (WiSA™ Powered). Don’t let its diminutive size fool you – the Backpack solves a huge problem – how to add exciting theater surround sound without resorting to bulky, and (to consumers), ugly electronic components.
Learn more about the Backpack, which features a clever technology twist… [Read more…] about Artison Backpack: Small Solution to Huge Problem
Wall Street Reacts to Negative Nortek Q3 Numbers; AVC Sales Drop 36.8%
Company Blames Declines on ‘Negative Impact’ of United Technologies Unsuccessful Acquisition Bid
Nortek, Inc. stock dropped more than 9.3% in early afternoon trading Wednesday in the wake of a report released by the company after the close of business Tuesday showing results for their fiscal third quarter. With sales and profit declines in key business segments – as well as for the company overall – it appears that Wall Street analysts are growing tired of waiting for the promised benefits of the company’s multi-year restructuring program, begun four years ago.
The company reported overall sales for the quarter of $618.5 million or 3.8% below the $642 million booked in the third quarter last year. The profit picture was even bleaker with a net loss of $14.4 million in the quarter this year as compared with a net profit in the quarter last year of $4.6 million.
Surprisingly, the AVC division saw sales drop an astonishing 36.8% to $30.1 million – well off the $47.6 million in the quarter last year – in the wake of the spin-off of TV One and the company’s exit from commercial AV businesses.
See more on this report and its troubling revelations… [Read more…] about Wall Street Reacts to Negative Nortek Q3 Numbers; AVC Sales Drop 36.8%
Former Nortek President Named CEO of Newly Independent tvONE
Denise Nemchev, the popular former President of AV Tech segment for Nortek, Inc., who was let go in the wake of a major company restructuring, has now been named President & CEO of tvONE, according to a report by AVNetwork. tvONE is a supplier of professional video conversion and signal distribution equipment. Once part of Nortek itself, tvONE recently was split-off from Nortek through a management buyout by the company’s existing managers in July of this year.
See more on this new appointment… [Read more…] about Former Nortek President Named CEO of Newly Independent tvONE
Is GoldenEar the Golden Ticket to Superior Theater Performance?
GoldenEar Technology, a high-end speaker manufacturer founded by renown speaker designer Sandy Gross, always seem to find ways to surprise us. The scrappy start-up did it again at the 2015 CEDIA Expo with their invisible, or “stealth,” Atmos theater demonstration…but not necessarily for the reason they thought!
See what caught our ears (and eyes) in GoldenEar’s Expo Atmos demo… [Read more…] about Is GoldenEar the Golden Ticket to Superior Theater Performance?
Anuva Names New President for TiO
BREAKING NEWS
Anuva Automation, the Melbourne, FL-based parent company of wireless home automation solutions provider Turn It On (TiO), announced today that it has named Sanjay Patel as the company’s new president. Patel replaces previous president Mike Anderson who stays on with the company in a consulting role.
See more about this new announcement from Anuva… [Read more…] about Anuva Names New President for TiO
Autonomic Partners with Lutron HomeWorks to Deliver Seamless User Experience
Autonomic, a leading brand of digital multi-room music systems, announced at the 2015 CEDIA Expo that it has partnered with Lutron to deliver a seamless user experience via its HomeWorks QS total home automation solution. With the push of a button, integrators’ clients can simply include their favorite music as part of a pre-programmed HomeWorks QS “scene.”
See more on this simple but sophisticated solution from Autonomic and Lutron… [Read more…] about Autonomic Partners with Lutron HomeWorks to Deliver Seamless User Experience
Sony Audibly (& Visibly) Professes Commitment to CI Channel
At this month’s CEDIA Expo, Sony Corp. professed to the attending media corps their continued commitment to the custom integration (CI) channel…trotting out none other than Sony U.S. COO and President Mike Fasulo (in photo at right) to make the case. But what really proved their case were the impressive product introductions – products clearly designed with custom integrators in mind.
See what Sony introduced that caught our attention at Expo… [Read more…] about Sony Audibly (& Visibly) Professes Commitment to CI Channel
CEDIA Expo Attendance Disappointingly Flat
This week, the Custom Electronics Design & Installation Association (CEDIA) announced the attendance for this year’s just-completed Expo, which they say came in at 18,700 attendees with 510 exhibiting companies. This level of attendance means only 200 people more visited the 2015 Expo – or a paltry 1% over the Expo attendance last year of 18,500 – and is disappointingly flat in a year that many hoped would show growth.
See more of our analysis on Expo trends… [Read more…] about CEDIA Expo Attendance Disappointingly Flat
CEDIA Releases Key Findings of Size & Scope Survey and They are Surprising
As is their normal practice at the annual Expo, CEDIA released key results from their annual Size and Scope of the Residential Electronic Systems Market survey which is conducted in conjunction with Parks Associates. However, what is not normal is that this year we heard these results from Dave Pedigo, CEDIA’s all-around tech guy – rather than from Erica Shonkwiler, CEDIA’s Market Research Manager who has apparently left the organization. But that switcheroo was not the only surprise, as some of the results were almost shocking.
