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ClearOne, Inc. (CLRO)
Chart Events
Performance Outlook
| Previous Close | 3.1700 |
| Open | 3.2100 |
| Bid | 2.9100 x 1000 |
| Ask | 0.0000 x 1400 |
| Day's Range | 3.1728 - 3.2902 |
| 52 Week Range | 1.4800 - 3.8500 |
| Volume | 23,613 |
| Avg. Volume | 210,158 |
| Market Cap | 61.18M |
| Beta (5Y Monthly) | 1.47 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -0.4200 |
| Earnings Date | Nov 24, 2020 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | Mar 06, 2018 |
| 1y Target Est | N/A |
- GlobeNewswire
Voice Lift Added to the ClearOne BMA 360 Will Set Another Industry Standard for Exceptional Mic Pickup Distance and System Gain
SALT LAKE CITY, Feb. 23, 2021 (GLOBE NEWSWIRE) -- ClearOne (NASDAQ: CLRO) expands applications for the BMA 360 Beamforming Microphone Array Ceiling Tile with a new Voice Lift feature that allows its impeccable audio to be locally amplified and heard throughout classrooms, lecture halls, and large meeting rooms. ClearOne’s powerful breakthrough technologies, FiBeam™ and DsBeam™, found on the BMA 360, make possible exceptional new levels of Voice Lift performance. FiBeam technology makes the BMA 360 the world’s first truly wideband, frequency-invariant beamforming mic array; providing the ultimate in natural and full-fidelity sound. DsBeam, provides unparalleled sidelobe depth, below -40 dB, resulting in superior rejection of reverb and noise and providing superb clarity and intelligibility. With the addition of the new Voice Lift feature, the BMA 360 offers everything desired in a beamforming microphone array ceiling tile—superior beamformed audio, echo cancellation, noise cancellation, auto-mixing, power amplifiers, and camera-tracking functions. The ClearOne architecture offers easy setup and configuration for fool proof installation which benefits AV practitioners. End-users also benefit from the BMA 360’s reduced overall system cost for maximum return on investment. Each BMA 360 can have up to four Voice Lift zones to provide a simple and intuitive way to drive multiple speaker groups; allowing everyone to easily hear and be heard. Built-in 4 channel power amplifiers make wiring simple, convenient, and provide big cost savings. ClearOne’s innovative combination of built-in power amplifiers and mix-minus zones makes the Voice Lift feature extremely simple to create and deploy. The BMA 360, now with Voice Lift sets another industry standard for exceptional mic pickup distance and system gain. Schedule a remote live demo to hear the BMA 360 for yourself. Voice Lift will be available as a free firmware upgrade at the end of March 2021. Learn more about the BMA 360 here. About ClearOneClearOne is a global market leader enabling conferencing, collaboration, and network streaming solutions. The performance and simplicity of its advanced, comprehensive solutions offer unprecedented levels of functionality, reliability, and scalability. Visit ClearOne at www.clearone.com. © Copyright 2021, ClearOne, Inc. All rights reserved. ClearOne©, the ClearOne logo, and the names and marks associated with ClearOne's products are trademarks and/or service marks of ClearOne, Inc. and are registered and/or common-law marks in the United States and various other countries. All other trademarks are property of their respective owners. ### CONTACT: Contact: Bob Griffin Griffin360 +1 212 481 3456 x16 bob@griffin360.com
- GlobeNewswire
ClearOne Advances Collaboration with Free COLLABORATE® Space Messaging App Featuring World-Class Video and Audio Capabilities
COLLABORATE COLLABORATE Space lifetime subscription with unlimited meeting time is free to everyone and is not tied to any other ClearOne purchase. COLLABORATE ClearOne’s COLLABORATE Space is a powerful collaboration tool that delivers a full suite of audio, video conferencing, web conferencing, and meeting tools in a persistent space from any device. SALT LAKE CITY, Feb. 16, 2021 (GLOBE NEWSWIRE) -- Reaffirming its commitment to make 2021 the year that widespread collaboration becomes a reality for everyone, ClearOne (NASDAQ: CLRO), a global provider of audio and visual communications solutions, today announced that its COLLABORATE® Space lifetime subscription messaging app featuring world-class video and audio, as well as unlimited meeting time, is available for free here. ClearOne’s COLLABORATE Space is a powerful collaboration tool that delivers a full suite of audio, video conferencing, web conferencing, and meeting tools in a persistent space from any device. COLLABORATE Space comes with everything needed to stay connected with your family, friends, and coworkers for one-on-one or group chats. “The free version of COLLABORATE Space allows up to ten participants to meet for an unlimited amount of time,” ClearOne Chair & CEO Zee Hakimoglu said today. “Unlike other services that claim to be free, COLLABORATE Space does not limit the length of any audio or video call. What’s more, all messages are encrypted to ensure maximum security and we don’t trade personal data to third parties.” Hakimoglu stressed that the COLLABORATE Space lifetime subscription with unlimited meeting time is free to everyone and is not tied to any other ClearOne purchase. “Yes, we offer paid, step-up package options to meet specific user needs, but for many individuals and companies the free version is going to be all that they ever need for quality online meetings. Why pay when you can collaborate for free?” The free version of COLLABORATE Space also includes Instant Messaging, Screen Desktop Sharing and a CO2 savings report. Basic and Pro versions of the app are also available for the monthly cost of $8.25 and $16.65 respectively with an annual subscription. An Enterprise on-premise version can be customized for larger organizations. Complete program and pricing details can be found here. About ClearOneClearOne is a global market leader enabling conferencing, collaboration, and network streaming solutions. The performance and simplicity of its advanced, comprehensive solutions offer unprecedented levels of functionality, reliability, and scalability. Visit ClearOne at www.clearone.com. ### Attachments COLLABORATE COLLABORATE CONTACT: Contact: Bob Griffin Griffin360 Twitter: @griffin360 212.481.3456 x16 bob@griffin360.com
- GlobeNewswire
ClearOne Defeats Shure’s Meritless Preliminary Injunction Motion
SALT LAKE CITY, Feb. 09, 2021 (GLOBE NEWSWIRE) -- ClearOne (NASDAQ: CLRO), a leading global provider of audio and visual communication solutions, today comments on the Order issued by the Honorable Richard G. Andrews of the U.S. District Court of Delaware adopting a Report and Recommendation denying Shure Incorporated’s (“Shure’s”) motion for a preliminary injunction (“PI Motion”) to stop the sale of ClearOne’s innovative Ceiling Tile Beamforming Mic Array (“BMA CT”) and Huddle-compatible Ceiling Tile Beamforming Array (“BMA CTH”) products. ClearOne launched its BMA CT product in February 2019. In November 2019, ClearOne announced its COLLABORATE® Versa Pro CT product offering, which combines the BMA CTH with the CONVERGE® Huddle audio DSP to provide superior functionality and audio quality for small- to medium-sized rooms. ClearOne began selling this product offering in December 2019. Then, in February 2020, ClearOne announced the COLLABORATE Versa Room CT and COLLABORATE Versa Lite CT product offerings, which require no external DSP. In April 2019, Shure filed a motion for a temporary restraining order (“TRO”) to stop sales of ClearOne’s BMA CTH products. The Honorable Christopher J. Burke recommended denial of Shure’s TRO, finding that Shure had failed to show that it would suffer irreparable harm in the absence of injunctive relief and that ClearOne had raised a “substantial question” as to the validity of the patent Shure asserts against ClearOne, D865,723 (the “’723 patent”). Despite that denial, Shure pressed forward with its PI Motion and, in September 2020, Judge Burke heard the parties’ arguments and testimony from both ClearOne and Shure witnesses at a remote hearing. On January 20, Judge Burke issued his recommendation to deny the PI Motion. He again held that ClearOne raised a “substantial question” as to the validity of the ’723 patent, and additionally found that Shure did not meet its burden to prove the irreparable harm needed to obtain preliminary injunctive relief. On February 8, Judge Andrews adopted that report and recommendation and held that Shure’s “motion for a preliminary injunction is DENIED.” Zee Hakimoglu, ClearOne Chair and CEO, stated: “This is another victory for ClearOne against Shure’s retaliatory litigation in Delaware. ClearOne is pleased that the Court denied Shure’s PI Motion and that ClearOne’s revolutionary BMA CT and BMA CTH products will remain available to customers. ClearOne will continue providing new and exciting solutions for the market, such as its new BMA 360, while ensuring that competitors like Shure are held to account when they do not respect ClearOne’s intellectual property rights.” Shure’s recent legal efforts in Delaware federal court are thinly veiled retaliation for ClearOne’s string of litigation victories against Shure elsewhere. In August 2019, Judge Edmond E. Chang of the U.S. District Court of the Northern District of Illinois granted ClearOne’s request for a preliminary injunction (“PI Order”) preventing Shure from “manufacturing, marketing, and selling” the original MXA910 for use “in its drop-ceiling mounting configuration.” Then, in September 2020, Judge Chang found Shure in contempt for selling its MXA910W-A, which ClearOne believes infringes its U.S. Patent No. 9,813,806 and violates the PI Order. Separately, the Federal Circuit in March 2020 confirmed the patentability of all claims of ClearOne’s U.S. Patent No. 9,264,553 over Shure’s appeal, and ClearOne’s claim against Shure for infringement of that patent remains pending. ClearOne remains confident that it will defeat Shure’s claims in the Delaware action. About ClearOneClearOne is a global market leader enabling conferencing, collaboration, and network streaming solutions. The performance and simplicity of its advanced, comprehensive solutions offer unprecedented levels of functionality, reliability, and scalability. Visit ClearOne at www.clearone.com. Printable releases are available in our Investor Relations area at investors.clearone.com. © Copyright 2021, ClearOne, Inc. All rights reserved. ClearOne©, the ClearOne logo, and the names and marks associated with ClearOne's products are trademarks and/or service marks of ClearOne, Inc. and are registered and/or common-law marks in the United States and various other countries. All other trademarks are property of their respective owners. ### CONTACT: Contact: Bob Griffin Griffin360 +1 212 481 3456 x16 bob@griffin360.com
