NXT assets sold to US audio firm
The story of the struggling technologies is taking another turn, with FLAT Audio Technologies of Washington state assuming responsibilities for all technologies, patents and operations for HiWave Audio’s Balanced Mode Radiator (BMR) audio transducers. It also gains an exclusive license for the use of NXT Audio Panel Exciters in its Tectonic Audio range of professional audio markets, along with shared rights to provide products for consumer audio markets.
However, the technology is staying in the UK, as FLAT Audio has created a new UK company, Tectonic Elements Ltd to work with existing channel partners to ensure that the BMR, exciter and amplifier module customer base is well supported.
"We are very excited to bring HiWave Technologies and the core staff into the Tectonic family", said Douglas Milnor, CEO of FLAT Audio." With this acquisition, we can protect the Tectonic Audio Labs product line with an excellent patent portfolio that we plan to apply in many different markets and products going forward. In addition, we gain a leverage point into European markets from our UK-based operations for Tectonic Audio Labs products."
"We’re pleased to become a part of Tectonic", says Caroline O’Brien, Managing Director of Tectonic Elements Ltd. "Their new revolutionary speakers are a great association and proof of the value of the NXT technologies. With this new agreement, Tectonic Elements will continue to serve our markets with a dedicated and experienced engineering and sales team, and provide us with increased access to the US markets for our OEM products.
www.tectonicaudiolabs.com
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