Fairlight 'seeks buyer for its Professional Audio technology'
Company now looking to enter into discussions with organisations, and anticipates 'it should not be long before a transaction is complete.'
Fairlight has revealed that it is actively seeking a buyer for its Professional Audio technology.
The company says it is seeking to enter into discussions with organisations that wish to leverage its professional audio technologies to augment their offerings and enhance their competitive positions in what is rapidly evolving market.
Fairlight anticipates that with the level of interest for the technologies 'that offer the potential of a key strategic advantage as part of a larger portfolio,' it should not be long before a transaction is complete.
“Over its long history, Fairlight has continually developed highly innovative professional audio technologies that are used by a large number of major content producers around the world” said CEO Philip Belcher. “With a range of innovative new AES67 compliant audio distribution products approaching release, it has been decided that the potential for Fairlight’s professional audio technologies is much larger than can be achieved under the current ownership.”
The company will now focus its efforts on its patented picture key work surface technology, which it licences to manufacturers of 'highly user interactive tactile equipment.'