At Mobile World Congress starting in Barcelona on the 27th of February, Netgem will present two new innovations in its smart home roadmap
Netgem has launched a new audio device for the connected home. It hopes the SoundBox will do for the operator what the set-top box has done for video.
Soundbox combines the functionality of a quality of a connected speaker with that of a TV box. It wants to remove the need to have two different sound and video systems around the house. The device also integrates a voice assistant and is compatible with Amazon Alexa.
Netgem, a company specializing in Connected TV & Home, has sent a press release about profit growth, and two new “innovations int its smart home roadmap” with voice control with Amazon, and SoundBox, a connected speaker which embeds set-top box technology.
Netgem does not sell directly to consumers, but instead sell its products and solutions to service providers, and they have not provided a great deal of technical details. But we still know the company has improved Netgem Home Platform, a cloud service allowing the deployment and management of multi-screen features, content discoverability, with support for multi-room, multi-source music service through technology from Voxtok.
The new SoundBox combines the functionalities of a connected speaker with the capabilities of a TV box to create what Netgem calls a unique platform for a new generation of connected entertainment services that takes away the hassle of having different sound and video systems in the house.
Netgem, the entertainment solution provider and leader in Telco-Grade TV solutions, has today announced the launch of SoundBox, a new connected device category. SoundBox combines the functionalities of a quality connected speaker with the capabilities of a TV box to create a unique platform for a new generation of connected entertainment services…
Netgem is targeting operators with the launch of what it claimed is a new connected device category that brings together audio and video functionalities in a single unit.
The product, called SoundBox, combines the functionalities of a connected speaker and a set top box, according to the France-based vendor.
Voice Control with Amazon and SoundBox at Mobile World Congress
At Mobile World Congress starting in Barcelona on the 27th of February, Netgem will present two new innovations in its smart home roadmap:
- Voice Control with Amazon: Netgem has been actively working with Amazon to integrate the Alexa® service in its platform, as a new way of enhancing the user experience by allowing consumers to simply control their entertainment with Amazon Echo® devices or directly with their Smartphones;
Consolidated gross profit, activity and outlook
For the year ended December 31, 2016, Netgem announces a consolidated gross profit (unaudited) of € 27.4 million, up 6% compared to 2015, confirming the positive trend of the first half of 2016 as announced previously. On a full year basis, Netgem expects a significant growth of its net results compared to 2015.
Virtual assistants that use cloud-based artificial intelligence (AI) to provide a voice-based interface are proving disruptive to the existing TV value chain. Consumer electronics manufacturers and software-as-a-service (SaaS) technology providers are jockeying to position themselves on the right side of history.
Sony, for example, plans to introduce Google Assistant to its latest line of smart TVs. According to Joel Espelien, senior advisor for analysts at The Diffusion Group (TDG), Sony knows only too well that in the long term this may be “a deal with the devil.” Nevertheless, Sony’s business model, along with its competitive vulnerability in the TV market, leaves it little choice.
Paris, La Défense, le 20 Février 2017
Dénomination sociale de l’émetteur : Netgem SA
Nature des titres : actions (ISIN : FR0004154060).