Abigail Tracy for Forbes: Launched in 2009, the New York-based Quirky quickly grabbed the attention of investors with its unique business model of connecting inventors with manufacturers to bring products to market. Based on votes sourced from its online community, Quirky would pick pitched products on a weekly basis to manufacture and distribute. In eight rounds, the startup managed to raise an impressive $185 million in funding before it encountered a series of setbacks and flops—the most notable of which was a failed update to Quirky’s smart home system, Wink. Quirky’s problems came to a head when its founder Ben Kaufman stepped down as CEO at the end of July after six years at the helm.
According to the company’s bankruptcy announcement, Quirky has entered into an agreement with Flextronics International USA Inc., to sell off its Wink smart home brand at a purchase price of $15 million—unless it is presented with a higher offer. The bankruptcy filing will not affect the day-to-day operations of the Wink brand. Cont'd...
Parks Associates: 50% of key consumer segment intends to purchase a smart home device in the next 12 months
By Kelly Hodgkins for DigitalTrends: Eda Akman Aydin at Gazi University in Turkey wants to make it easier for people with movement disabilities to get around their home and has a novel idea. Her team is combining EEG (brainwave scanning) technology with current smart home products to create a thought-controlled home, reports New Scientist. It sounds like a script from a science fiction movie, but the technology to build a prototype thought control system is here, and researchers like Akman Aydin are working to develop it.
Akman Aydin’s system uses an EEG cap that can detect a specific brain pattern, known as P300, that appears when a person intends to do something. The cap works in conjunction with a display that shows pictures of items, such as a TV or phone, which a person might want to use. When the person sees the image they want, the brain will send out a P300 wave that is detected by the EEG cap. This signal then can trigger the smart home appliance and be used to turn on the TV, prepare the phone to dial, and more. Cont'd...
iDevices Announces It's First Three HomeKit-Enabled Products, Available At Lowe's Starting September 28
Indiegogo - Westinghouse Security's Smart Deadbolt, Nucli, is Entering its Last Week of Funding with Over $110,000
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