Company Overview - Algorhythm Holdings is an AI technology and consumer electronics holding company with two primary investments: SemiCab Holdings and The Singing Machine Company [14] - The Singing Machine Company is the worldwide leader in consumer karaoke products, with a portfolio marketed under proprietary brands and popular licenses such as Carpool Karaoke and Sesame Street [9] - The Singing Machine Company designs and distributes at-home and in-car karaoke entertainment products, providing access to over 100,000 songs for streaming through its mobile app and WiFi-capable products [9] - The company has a philanthropic initiative, CARE-eoke by Singing Machine, focusing on the social impact of karaoke for children and adults [9] Partnership and Product Development - The Singing Machine has partnered with BYD Automotive to co-develop new karaoke microphones, which will be manufactured by BYD Electronics, a Tier-1 supplier to the automotive industry [3] - The partnership with BYD has resulted in innovative features such as karaoke gaming, scoring, and live pitch correction, which will be showcased at CES 2025 [2] - The company is targeting additional automotive OEMs and connected TV manufacturers for integration of its karaoke microphones into their vehicles and devices [2] - The Singing Machine's microphones are designed for close integration with karaoke content provided by Stingray, a leading music, media, and technology company [6] Product Features and Market Potential - The Singing Machine's new karaoke microphones include proprietary technological features such as real-time pitch detection, studio-quality pitch correction, and vocal enhancements [7] - The microphones are capable of customization and integration with OEM automotive and television brands, offering a scalable product category with better gross margins and a technology moat [7] - Stingray's Automotive Karaoke App includes over 100,000 licensed songs across various genres, with real-time vocal scoring technology and adaptive visual feedback [7] - Safety features include syncing scrolling lyrics on mobile devices via the Passenger App when the vehicle is in motion [7] CES 2025 and Future Plans - The Singing Machine will attend CES 2025 to showcase its next-generation karaoke microphone developed for global automotive manufacturers and television brands [12] - The company anticipates leveraging its partnership with BYD to accelerate previous partnership and joint marketing opportunities [12] - Initial orders for the new karaoke microphones are being delivered to Brazil and Europe markets, with plans to expand into more models and geographies in 2025 [13] SemiCab Overview - SemiCab is a cloud-based Collaborative Transportation Platform that uses AI/ML predictions and advanced predictive optimization models to optimize trucking logistics [8] - The platform has enabled major retailers, brands, and transportation providers to address supply-chain problems globally, increasing transportation capacity and improving asset utilization [15] - SemiCab's technology has the potential to save shippers tens of billions of dollars annually and reduce CO2 emissions attributable to road freight by approximately 25% [15]
Singing Machine to Showcase Industry Leading Karaoke Microphone at CES 2025