Core Brands, LLC, a subsidiary of Nortek, Inc. (Nasdaq:NTK), a premier provider of smart technologies for the connected home and office, and DTS (Nasdaq:DTSI), a leader in high-definition audio solutions, today announced they are collaborating to deliver robust, modular whole-home systems based on Play-Fi technology creating a next-generation audio streaming experience for new and currently installed architectural and wired speakers. New products from Core Brands will specifically serve the custom installer market with high-value offerings that enable wireless music streaming to new and existing Core Brands speaker product lines, and even those of its competitors.
“We are pleased to collaborate with DTS to enable next-generation whole-home, multi-room wireless streaming over WiFi networks based on Play-Fi technology, for superior truly lossless audio,” said Brett Faulk, executive director strategic products for Core Brands. “We will be offering our new Smart-Audio platform as both an upgrade experience to the hundreds of millions of currently installed architectural speakers, as well as new speaker installations.”
"We believe Core Brands’ Play-Fi enabled platform combines our two companies’ expertise in the audio space, and out of this will come products that transform the way audio is professionally installed in the home,” said Brian Towne, executive vice president and chief operating officer, DTS. “We are excited to be leveraging the market footprint and end-to-end portfolio of smart home solutions from Core Brands, to enable next generation Play-Fi wireless audio in homes around the world.”
Core Brands will be demonstrating this next generation technology at CEDIA 2013 booth 1120 beginning September 26 th.About DTS, Inc. DTS, Inc. (NASDAQ:DTSI) is dedicated to making digital entertainment exciting, engaging and effortless by providing state-of-the-art audio technology to more than a billion consumer electronics products worldwide. From a renowned legacy as a pioneer in high definition multi-channel audio, DTS became a mandatory audio format in the Blu-ray Disc™ standard and is now increasingly deployed in enabling digital delivery of compelling movies, music, games and other forms of digital entertainment to a growing array of network-connected consumer devices. With the acquisition of SRS Labs, DTS strengthens its position as a leader in providing end-to-end audio solutions to the rapidly growing network entertainment sector. DTS technology is in car audio systems, digital media players, DVD players, game consoles, home theaters, PCs, set-top boxes, smart phones, surround music content, and every device capable of playing Blu-ray™ discs. Founded in 1993, DTS' corporate headquarters are located in Calabasas, California with its licensing operations headquartered in Limerick, Ireland. DTS also has offices in Los Gatos and Santa Ana, California, Washington, China, France, Hong Kong, Japan, Singapore, South Korea, Taiwan and the United Kingdom. For further information, please visit www.dts.com. DTS, the Symbol, and DTS and the Symbol together, are registered trademarks of DTS, Inc. All other trademarks are the properties of their respective owners. © 2013 DTS, Inc. All rights reserved. About Core Brands, LLC Headquartered in Petaluma, California, Core Brands, LLC is a company within the Technology Solutions Segment of Nortek, Inc. Core Brands combines the product and marketing strengths of twelve iconic audio, power management and control brands into a single business unit that includes ATON®, BlueBOLT®, ELAN®, Emphasys®, Furman®, Korus ®, Niles®, Panamax®, Proficient®, SpeakerCraft®, Sunfire® and Xantech® brands. Core Brands has more than 190 years of combined experience in the consumer, commercial and professional markets and over 4,300 direct customer accounts in multiple distribution channels in the United States and around the world. For further information, visit www.corebrands.com. About Nortek, Inc. Nortek (Nasdaq:NTK) is a global, diversified company whose many market-leading brands deliver broad capabilities and a wide array of innovative, technology-driven products and solutions for lifestyle improvement at home and at work. The Company's broad array of offerings includes audio/video and security solutions, digital display mounting solutions, ventilation products such as range hoods and bathroom fans, heating and cooling products, and air management systems. For further information, visit www.nortekinc.com.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV