Singing Machine to Showcase Industry Leading Karaoke Microphone at CES 2025
Algorhythm Holdings (NASDAQ: RIME) announced that its subsidiary, The Singing Machine, will showcase its next-generation karaoke microphone at CES 2025 (January 7-10). This follows their recent global partnership with BYD, the world's largest NEV manufacturer. The automotive-centric microphone features proprietary technology integrated with Stingray's karaoke content, including real-time vocal scoring, pitch correction, and safety features for in-car use.
The microphone will be manufactured by BYD Electronics, with initial orders targeting Brazil and Europe markets. The company emphasizes this new product category offers better gross margins, technological barriers to entry, and doesn't impact their retail business. The system includes access to over 100,000 licensed songs and features safety measures that sync lyrics to mobile devices when vehicles are in motion.
Algorhythm Holdings (NASDAQ: RIME) ha annunciato che la sua filiale, The Singing Machine, presenterà il suo microfono karaoke di nuova generazione a CES 2025 (7-10 gennaio). Questo annuncio segue la loro recente partnership globale con BYD, il più grande produttore mondiale di veicoli elettrici. Il microfono, progettato specificamente per l'automotive, presenta una tecnologia proprietaria integrata con i contenuti karaoke di Stingray, inclusa la valutazione vocale in tempo reale, la correzione del tono e caratteristiche di sicurezza per l'uso in auto.
Il microfono sarà prodotto da BYD Electronics, con ordini iniziali che mirano ai mercati del Brasile e dell'Europa. L'azienda sottolinea che questa nuova categoria di prodotto offre margini lordi migliori, barriere tecnologiche all'ingresso e non influisce sul loro business al dettaglio. Il sistema include l'accesso a oltre 100.000 canzoni con licenza e presenta misure di sicurezza che sincronizzano i testi con i dispositivi mobili quando i veicoli sono in movimento.
Algorhythm Holdings (NASDAQ: RIME) anunció que su subsidiaria, The Singing Machine, mostrará su micrófono de karaoke de nueva generación en CES 2025 (7-10 de enero). Esto sigue a su reciente asociación global con BYD, el mayor fabricante de vehículos eléctricos del mundo. El micrófono, centrado en el automóvil, cuenta con tecnología propietaria integrada con el contenido de karaoke de Stingray, que incluye puntuación vocal en tiempo real, corrección de tono y características de seguridad para el uso en automóviles.
El micrófono será fabricado por BYD Electronics, con pedidos iniciales que apuntan a los mercados de Brasil y Europa. La empresa enfatiza que esta nueva categoría de producto ofrece mejores márgenes brutos, barreras tecnológicas de entrada y no afecta su negocio minorista. El sistema incluye acceso a más de 100,000 canciones licenciadas y presenta medidas de seguridad que sincronizan las letras con dispositivos móviles cuando los vehículos están en movimiento.
Algorhythm Holdings (NASDAQ: RIME)는 자회사인 The Singing Machine이 CES 2025 (1월 7-10일)에서 차세대 노래방 마이크를 선보일 것이라고 발표했습니다. 이는 세계 최대의 전기차 제조업체인 BYD와 최근 체결한 글로벌 파트너십에 이어지는 것입니다. 자동차 중심의 이 마이크는 Stingray의 노래방 콘텐츠와 통합된 독창적인 기술을 특징으로 하며, 실시간 음성 점수 매기기, 음조 수정 및 차량 사용을 위한 안전 기능을 포함합니다.
마이크는 BYD Electronics에서 제조될 예정이며, 초기 주문은 브라질과 유럽 시장을 겨냥하고 있습니다. 회사는 이 새로운 제품 범주가 더 나은 총 이익률을 제공하고, 기술 진입 장벽이 있으며, 소매 비즈니스에 영향을 미치지 않는다고 강조합니다. 이 시스템은 100,000곡 이상의 라이센스된 노래에 접근할 수 있으며, 차량이 주행 중일 때 가사와 모바일 장치를 동기화하는 안전 조치를 제공합니다.
Algorhythm Holdings (NASDAQ: RIME) a annoncé que sa filiale, The Singing Machine, présentera son microphone de karaoké de nouvelle génération au CES 2025 (7-10 janvier). Cela fait suite à leur récent partenariat mondial avec BYD, le plus grand fabricant de véhicules électriques au monde. Le microphone axé sur l'automobile dispose d'une technologie propriétaire intégrée avec les contenus de karaoké de Stingray, y compris le scoring vocal en temps réel, la correction de ton et des fonctionnalités de sécurité pour une utilisation dans les voitures.
Le microphone sera fabriqué par BYD Electronics, avec des commandes initiales ciblant les marchés du Brésil et de l'Europe. L'entreprise souligne que cette nouvelle catégorie de produit offre de meilleures marges brutes, des barrières technologiques à l'entrée et n'affecte pas leur activité de détail. Le système donne accès à plus de 100 000 chansons sous licence et comprend des mesures de sécurité qui synchronisent les paroles avec les appareils mobiles lorsque les véhicules sont en mouvement.
Algorhythm Holdings (NASDAQ: RIME) gab bekannt, dass ihre Tochtergesellschaft, The Singing Machine, ihr Mikrofon der nächsten Generation für Karaoke auf der CES 2025 (7.-10. Januar) vorstellen wird. Dies folgt auf ihre kürzlich angekündigte globale Partnerschaft mit BYD, dem größten NEV-Hersteller der Welt. Das mikrofon für den Automobilbereich bietet proprietäre Technologie, die mit den Karaoke-Inhalten von Stingray integriert ist, einschließlich Echtzeit-Vokalbewertung, Tonhöhenkorrektur und Sicherheitsfunktionen für die Nutzung im Auto.
Das Mikrofon wird von BYD Electronics hergestellt, wobei die ersten Bestellungen auf die Märkte Brasilien und Europa abzielen. Das Unternehmen betont, dass diese neue Produktkategorie bessere Bruttomargen, technologische Eintrittsbarrieren bietet und sich nicht auf ihr Einzelhandelsgeschäft auswirkt. Das System umfasst den Zugang zu über 100.000 lizenzierten Songs und verfügt über Sicherheitsmaßnahmen, die die Texte synchronisieren, wenn sich die Fahrzeuge in Bewegung befinden.
- Partnership with BYD, world's largest NEV manufacturer (3M+ vehicles annually)
- Higher gross margins compared to retail business
- Initial orders secured for Brazil and Europe markets
- Proprietary technology creates barriers to entry
- Product doesn't cannibalize existing retail business
- None.
Insights
The announcement of Singing Machine's CES 2025 showcase is primarily a marketing event with immediate financial impact. While the BYD partnership mentioned is significant, this news focuses on a future trade show presentation rather than concrete business developments. The company's strategic positioning in the automotive karaoke segment shows promise, particularly with BYD's production volume of over 3 million vehicles annually, but this specific announcement doesn't contain new material information that would significantly affect investor decisions.
The mention of existing orders for Brazil and Europe markets and higher gross margins in this product category is noteworthy, but lacks specific financial metrics or projections. The real value proposition lies in the potential scalability and technology moat mentioned, though these remain to be proven in the market.
The technical specifications outlined in the article demonstrate meaningful innovation in automotive entertainment systems, particularly the integration of safety features and real-time vocal processing. The proprietary features like pitch correction and gaming functionality represent potential competitive advantages. However, without specific details about licensing terms, revenue sharing agreements, or unit economics, this showcase announcement alone doesn't constitute material news that would impact stock valuation. The technology stack described suggests a solid foundation for future growth, but success will ultimately depend on adoption rates and monetization strategy execution.
Company Targeting Additional Auto OEMs After Recent BYD Partnership Win
Fort Lauderdale, FL, Dec. 24, 2024 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. (“Algorhythm”) (NASDAQ: RIME) – an AI technology and consumer electronics holding company, announced today that is wholly-owned subsidiary, The Singing Machine, will attend CES 2025 from January 7-10, 2025 to showcase its next generation karaoke microphone, developed for deployment with global automotive manufacturers and television brands. In early November, the Company announced a global partnership with BYD, the largest new energy vehicle (“NEV”) manufacturer in the world. Based on this significant milestone, Singing Machine anticipates leveraging this recent success to accelerate previous partnership and joint marketing opportunities.
Singing Machine’s industry leading microphone includes a wide range of proprietary technological features, all designed for close integration with karaoke content provided by Stingray, a leading music, media and technology company. Together, Stingray and the Singing Machine have successfully launched a fully-integrated microphone designed to integrate with Stingray’s karaoke app.
“We are excited to showcase our automotive-centric karaoke microphone at CES in January,” commented Gary Atkinson, CEO of Algorhythm. “We invested heavily into the partnership with BYD to innovate on the in-car karaoke experience, resulting in multiple new features that have never previously been commercially available like karaoke gaming, scoring and live pitch correction. We’re proud to showcase the results of that hard work at CES and to share it with the broader automotive OEM market and connected TV manufacturers for integration into their vehicles and devices.”
Atkinson added, “BYD is the global leader in NEV production, with over 3 million vehicles produced annually. We are fortunate to have earned a scalable relationship beginning with select BYD models globally and expanding into more models and geographies in 2025. We have already undertaken to deliver the first orders for Brazil and Europe markets.”
“For our company, this new product category is highly appealing as it is highly scalable, carries significantly better gross margins, with a technology moat that creates barriers to entry for competitors and doesn’t cannibalize our core retail consumer karaoke business. We’re seeing tremendous interest and demand for fully-integrated karaoke microphones as karaoke continues to be more popular than ever.”
Singing Machine’s new microphones, co-developed with BYD Automotive Product Strategy and the New Technology Research Institute, will be manufactured by BYD Electronics a Tier-1 supplier to the automotive industry.
In-Car Product Features:
- Professional wireless karaoke microphones capable of customization and integration with OEM automotive and television brands.
- Stingray’s Automotive Karaoke App includes more than 100,000 licensed songs – from today’s top charting artists to yesterday’s legends, in all the most popular genres – including pop, rock, country, R&B, hip-hop, rap, K-Pop, Disney and more!
- Compete against friends or learn to become a better singer with real-time vocal scoring technology with adaptive visual feedback to score performances.
- Safety first – While parked, passengers can scroll lyrics on the infotainment screen to help sing along to their favorite song, whether they’re the driver or front-seat passenger. When the vehicle is in motion, scrolling lyrics are synched on mobile devices via the Passenger App(TM) by scanning the QR code on the infotainment screen.
- Singing Machine’s proprietary vocal effect technology includes real-time pitch detection, studio-quality pitch-correction and vocal enhancements.
- A flexible hardware platform which allows for future karaoke functionality.
About Algorhythm Holdings
Algorhythm Holdings, Inc. is a holding company with two primary investments. First, the Company owns SemiCab Holdings, an emerging leader in the AI-enabled global logistics industry. Second, the Company owns The Singing Machine Company, the worldwide leader in the consumer karaoke industry.
SemiCab is a cloud-based Collaborative Transportation Platform built to achieve the scalability required to predict and optimize millions of loads and hundreds of thousands of trucks. To orchestrate collaboration across manufacturers, retailers, distributors, and their carriers, SemiCab uses real-time data from API-based load tendering and pre-built integrations with TMS and ELD partners. To build fully loaded round trips, SemiCab uses AI/ML predictions and advanced predictive optimization models. On the SemiCab platform, shippers pay less and carriers make more while not having to change a thing.
Since 2020, SemiCab has enabled major retailers, brands and transportation providers to address these common supply-chain problems globally. SemiCab's Orchestrated Collaboration™ AI model has proven to increase transportation capacity, improve asset utilization, reduce empty miles, lower logistics costs, and provide visibility into the entire transportation network. Models show the technology has the capability of saving shippers tens of billions of dollars annually through optimization. Further, SemiCab’s technology also has the potential to play a key role in the improved sustainability model globally. Based on its proven ability to improve truck utilization rates from
For additional information regarding SemiCab: http://www.semicab.com
The Singing Machine Company, Inc. is the worldwide leader in consumer karaoke products. Based in Fort Lauderdale, Florida, and founded over forty years ago, the Company designs and distributes the industry's widest assortment of at-home and in-car karaoke entertainment products. Their portfolio is marketed under both proprietary brands and popular licenses, including Carpool Karaoke and Sesame Street. Singing Machine products incorporate the latest technology and provide access to over 100,000 songs for streaming through its mobile app and select WiFi-capable products and is also developing the world’s first globally available, fully integrated in-car karaoke system. The Company also has a new philanthropic initiative, CARE-eoke by Singing Machine, to focus on the social impact of karaoke for children and adults of all ages who would benefit from singing. Their products are sold in over 25,000 locations worldwide, including Amazon, Costco, Sam’s Club, Target, and Walmart. To learn more, go to www.singingmachine.com.
Investor Relations Contact:
investors@algoholdings.com
www.singingmachine.com/investors
Forward Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Any statement that is not historical in nature is a forward-looking statement and may be identified by the use of words and phrases such as "expects," "anticipates," "believes," "will," "will likely result," "will continue," "plans to," "potential," "promising," and similar expressions. These statements are based on management's current expectations and beliefs and are subject to a number of risks, uncertainties and assumptions that could cause actual results to differ materially from those described in the forward-looking statements, including the risk factors described from time to time in the Company's reports to the SEC, including, without limitation the Company’s Transition Report on Form 10-KT for the transition period from April 1, 2023 to December 31, 2023, the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2024.
You should not place undue reliance on any forward-looking statement, each of which applies only as of the date of this press release. Except as required by law, we undertake no obligation to update or revise publicly any of the forward-looking statements after the date of this press release to conform our statements to actual results or changed expectations, or as a result of new information, future events or otherwise.
FAQ
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