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Three RI Businesses Featured in International Electronics Show

Thursday, January 09, 2014

 

More than 3,200 companies have gathered in Las Vegas to show off their latest lines of gadgets and gizmos at the 2014 International CES, one of the largest consumer electronics shows of the year. Rhode Island – with three companies at CES 2014 – may have a small showing, but offers a wide array of products in three different fields of innovation.

 

Providence-based Ximedica focuses their efforts on the medical field, specializing in product development. They offer a wide variety of services such as integrated research, product development, and new product introduction. In addition to having a booth at CES, Aidan Petrie, the company’s co-founder and chief innovation officer, will be speaking on January 9th at the Digital Health Summit, drawing from experience to talk about innovations that are solving the healthcare crisis throughout the world.

 

Bad Dog Tools is an innovative tool company located in Bristol. Established in the early 1980s, Bad Dog Tools prides themselves on creating tools that can complete multiple tasks, such as a drill bit with the ability to drill through almost any material, and an abrasive wheel that can cut, sand, grind, and more. The tool company is showing all six of their brands (Bad Dog, Versa Clamp, Bad Dog Multi-purpose Drill Bit, Handi-Disc & HD II Cutting Wheel, Biter Drill-Mounted Sheet Material Cutter, and Rover Bits) at the show.

 

ION Audio is an inventive audio company based in Cumberland. ION Audio consistently offers revolutionary new products such as the Cassette Adapter Bluetooth, a wireless cassette tape that will stream music wirelessly through any cassette desk; a Desk Lamp Scanner, a product that works with IOS and Android; and a variety of wireless speakers, some of which are mounted within ottomans, planters, and fake rocks. They will be showing nearly 40 products at their CES booth.

CES 2014, a four day event, began on January 7th. According to their website, more than 150,000 people from 150 countries are expected to attend the event. The businesses in attendance will be unveiling more than 20,000 news products.

 

Related Slideshow: 13 Biggest Business Stories in RI in 2013

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13 Best Biz Cities in RI

GoLocal's examination of the Best Cities and Towns to do business in RI explored new ground for companies looking to relocate or expand.

Our researchers culled municipally-distinct data on tax rates, workforce availability, cost of living index, economic indicators for short term and long-term job growth, even average driving time to TF Green Airport, to quantify a blend of factors that make for a pro-business environment. Because every city and state in RI complies by statewide measures, those metrics weren't included in GoLocal's research.

READ THE STUDY

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12 Superman

Our coverage of the Superman building's threatened future started back in 2011, when a news story by GoLocal's News Team first unveiled the threat that Bank of America would leave the building and leave the city with the largest embarrassment.

In the story, The Superman Building: Downtown’s Ticking Time Bomb - former Mayor and developer Joe Paolino predicted the demise of the iconic building.

The failure to act by the Taveras Administration created the tallest embarrasment in America - one that has been reported by most every news organization in America.

GoLocal covered the demise of the building throughout the year.

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11 JetBlue Factor

JetBlue's arrival to Rhode Island was first announced by GoLocal is the summer of 2012, but no one quite knew the impact of the JetBlue factor, until a promotion by the airline was launched in partnership with the Big Blue Bug, which rocked the internet and sold out $20 tickets in minutes.

The promotion launched on GoLocalProv showed the world of advertising has changed forever. 

Launched one minute and thousands sold out nearly instantly.

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10 New England's Business

GoLocal's business team loves to collect and breakdown critical data to help Rhode Islander's get a beat on the story or even the bigger story.

One massively wide-read story was one that pivoted off the data of the Milken Institute and its rankings of all the cities in America.

The Best-Performing Cities study is published annually in order to highlight the cities and metropolitan areas in the U.S. that are prospering, and to point out those that are struggling from a structural point of view. By examining job, wage, and technology metrics over a five-year period, the publication utilizes a data-driven approach to provide a comprehensive measure of economic strength.

See which New England cities ranked best overall--both in the 200 largest metros pool and the 176 smallest metros pool.

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9 Arcade is Back

GoLocal has been tracking the Arcade since we came online in 2010 - from investigative video reports about the homeless living in the building to restoration and the reopenning.

While the financial district is only a shadow of itself - kudos need to go out Evan Granoff for pouring millions into the restoration of the classic Greek revival edifice.

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8 38 Studios Defendants

An exclusive report by GoLocal's Investigative Team unveiled that defendant's in the 38 Studio's lawsuit had filed responses, and they had a very different opinion of what caused the collapse and the loss of $100 million to the State of Rhode Island. 

Almost every defendant pinned the blame on Governor Lincoln Chafee for failing to give oversight and then hitting the panic button and forcing the ultimate collapse of the company.

GoLocal posted more than 440 page of court documents.

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7 Social Media

Social media continues to flex its muscle and demonstrate that it is far more influential than legacy media. 

Twitters IPO and the progression of the Facebook model have redefined business.

One article in GoLocal's on going coverage of the metamorphosis of social media was a great guidance article by Johnson & Wales' Sierra Barter which functionally went viral. 

Amazingly, one of the biggest stories of 2013, the effort by union leaders to force John DePetro off the air for calling female teacher protestors "WHORES," has been battled almost exclsuively on social media. 

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6 Alex and Ani Growth

Rhode Island's homegrown Alex and Ani continues at rocket speed growth. 

The Cranston-based, Made in America jewelry company continues to bundle the very best of Rhode Island: jewelry design, old school manufacturing and smart marketing.

According to a study by Bryant University:

 

• Generated $80.04 million in revenue, including $22.06 million in sales in the state of Rhode Island, $51.42 million in sales in other U.S. states, and $6.57 million in exports.

• Supported 1,094 full-time equivalent (FTE) jobs in Rhode Island, from which 296 are direct FTE jobs and 798 are induced FTE jobs.

• Created $35.4 million in income for Rhode Island households. Direct earnings totaled $10.32 million and induced earnings totaled $25.1 million.

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5 College Endowments

In Rhode Island, colleges and universities are big business. They are major economic engines and each of the local colleges readily announce the positive impact they have on the local economy and job creation.

GoLocal's look at the top 50 endowments of the college and universities in New England, found that Harvard's $30+ billion endowment overshadowed all other colleges in New England.

Brown ranked ranked 5th in New England and 28th overall with an endowment of more than $2.4 billion.

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4 Fastest Growing

While Rhode Island's economy is trailing the rest of the country, there are some bright spots. Throughout 2013, GoLocal featured a number of companies that were fast-growing.

Inc Magazine's fastest growing companies in the US list flagged some real growth engines.

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3 Twin River Rebound

Twin River is now a real casino with humans not video tapes dealing black jack.

Under the leadership of John Taylor, the company has rebounded from bankruptcy and become a model for gaming firms.

Now, Twin River is expanding and has made a strategic purchase in Mississippi.

With casinos coming online in Massachusetts sometime in the future, Twin River is doing a better job diversifying and planning for the future than the state of Rhode Island, who is so dependent on the revenue.

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2 Unemployment

Rhode Island's unemployment situtation is a national embarrassment, and it is hard to see a governmental strategy designed for its improvement. In the post-38 Studios environment, decision-makers are affraid to champion significant initiatives.

The result is now that Rhode Island is last in America in unemployment and the crisis has gone on without improvement for years and years.

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1 Demise of Newspapers

In the past year, the Providence Journal has laid off, demanded buyout or pushed retirements of over 50 reporters, editors and photographers - a staggering percentage of the newsroom.

Many of the those who departed were among the most recognized. Pulitzer Prize winning writer Mike Stanton quit to take a teaching job at UConn and now freelances for the Boston Globe.

Speaking of the Boston Globe, Red Sox owner John Henry bought the Globe from the New York Times for $70 million which represented a 97% loss in value for what the NYTimes had paid for the Globe and other related media.

As GoLocal's Pultizer Prize winning reporter Dean Starkman has written repeatedly about the need for media to invest in content. His words seem to fall on deaf ears.

 
 

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