Major Developments from Panasonic Connect and International Collaborations Highlighted

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The audio-visual industry is gearing up for an exciting year in 2024, with the AZ Audio Video Expo set to be bigger and better than ever. With over 60 manufacturer exhibits, seminars, AVIXA credit workshops, and industry networking opportunities, this event promises to be a must-attend for professionals and enthusiasts alike. Registration is now open and free for all to attend on August 20-21 at the Mesa Convention Center in Mesa, AZ.

In other news, Panasonic Connect has announced a strategic capital partnership with ORIX Corporation, although the specific details of this partnership are not focused on the projector business. The partnership was announced nearly a year ago and was mutually terminated on July 3, 2025. While there is no information available on how this partnership affected Panasonic's projector business, the company continues to innovate in the visual solutions sector, unveiling new products like the MEVIX sub-brand and ultra-compact 40,000lm 4K projectors.

Elsewhere in the industry, Mike Budd has been hired as head of business development at NextLevel Acoustics. Budd, who brings over 30 years of experience in the industry, was drawn to NextLevel Acoustics due to his lifelong involvement in providing custom-built speaker products. In his new role, he will be responsible for overseeing and expanding the company's global sales network, managing marketing team strategies, and providing market insight to the company's executive management and R&D teams.

Meanwhile, Atlona has amplified its distribution channel in Italy with ASIT, a value-added distributor familiar with Italy's AV trends and diverse regional business cultures. The partnership aims to establish a new company for the operation of the business, seeking continued growth.

Neoti and True Performance have also formed a strategic alliance aimed at expanding market share and spreading the word about new LED display technology. The details of this alliance are yet to be disclosed, but it is expected to have a significant impact on the industry.

In other personnel news, Dave Bryce has been appointed as VP of sales and marketing at Royer Labs. In his new role, Bryce will be responsible for overseeing and expanding the company's global sales network, managing marketing team strategies, and providing market insight to the company's executive management and R&D teams. He will also interact with Royer's endorsement clients to continue the company's promotional/educational outreach to the pro audio community.

Finally, EcoVista has achieved a significant milestone by becoming a carbon-neutral business. The company has implemented robust carbon tracking and offsetting measures across its operations and client projects.

These developments underscore the ongoing innovation and growth in the audio-visual industry, with companies continuing to push the boundaries of technology and forge strategic partnerships to stay ahead of the curve. Stay tuned for more updates as these stories continue to unfold.

References:

Panasonic Connect and ORIX Corporation Announce Strategic Capital Partnership
Panasonic Connect and ORIX Corporation Mutually Terminate Strategic Capital Partnership
Panasonic Connect Announces Mutual Termination of Strategic Capital Partnership with ORIX Corporation
Panasonic Connect: Solutions for a Sustainable Future
Panasonic Unveils New MEVIX Sub-brand and Ultra-compact 40,000lm 4K Projectors
NextLevel Acoustics Hires Mike Budd as Head of Business Development
Atlona Expands Distribution Channel in Italy with ASIT
Neoti and True Performance Form Strategic Alliance
Dave Bryce Appointed as VP of Sales and Marketing at Royer Labs
EcoVista Achieves Carbon-neutral Business Milestone
PlexusAV Signs Distribution Agreement with Austrian Distributor ATEC Pro

Major Developments from Panasonic Connect and International Collaborations Highlighted