Faithful end users of LIFX sensible lights are breathing a sigh of reduction with news that the manufacturer has a new–and with any luck ,, a lot more financially solvent–owner.
Feit Electronics, a California-centered manufacturer of lighting and clever dwelling merchandise, scooped up LIFX from its former operator, Buddy Technologies, an Australian IoT enterprise that went into receivership earlier this year.
In a press release, Feit promised to retain the LIFX manufacturer likely with “even more innovative products and solutions,” as very well as to “support and evolve” the LIFX app.
At the exact same time, Feit explained it will maintain its personal Feit Electrical wise system and app, with “possible upcoming integrations” with the LIFX system.
LIFX (or Lifi Labs, as it was officially regarded) would make some of our most loved HomeKit-appropriate clever bulbs, but as ReviewGeek details out, LIFX has extensive struggled to remain in the black.
The brand’s fortunes appeared to be strengthening right after it was obtained by Buddy in 2019, but LIFX’s new dad or mum turned out to have economic problems of its possess, with 3 of Buddy’s board administrators resigning very last year following accusations of “inflated profits.”
By April 2022, Buddy had entered receivership, and as LIFX’s inventory commenced to dwindle, LIFX buyers feared that it would quickly be “lights out” for the manufacturer.
Luckily for us, LIFX identified a consumer in Feit, when Buddy will very likely “cease operations” later this thirty day period, according to Stockhead.
In the meantime, a LIFX rep has been assuring end users on the LIFX subreddit that the brand name will have a smooth transition to Feit, introducing that a new firmware release for the LIFX application is set to start out beta testing.
Answering a problem about LIFX’s dwindling inventory, the rep mentioned that LIFX is “currently assessing our profits technique on a regional basis” and will provide “communications on adjustments to product availability” in “the coming times and months.”