Recoton Corporation Licenses NHT Brand Name to Vergence Technology
On March 17, <A HREF="http://www.recoton.com">Recoton Corporation</A> announced that it has licensed the <A HREF="http://www.nhthifi.com">NHT</A> brand name to Vergence Technology, Inc. NHT is a name known among audiophiles for its line of loudspeaker products for home audio. Vergence intends to utilize the NHT brand name on its new line of products designed specifically for the pro audio and professional home music markets. Planning for this marketing agreement has been in development for many months with Vergence Technology's Chris Byrne and Ken Kantor, who were also the founders of NHT.