|

IVL’s early focus was on developing
technology and products for music education. A fast and accurate
technique was developed using microprocessors to identify
the pitch of notes played on musical instruments. First products
were sold by IVL in 1984 to the music education market –
the intent being to provide an aid to musicians learning to
play on pitch.
Unable to reach price points attractive to music institutions,
we turned our attention to the professional music market.
In the late 80’s, manufacturers adopted a digital interface
standard called MIDI – Musical Instrument Digital Interface.
This allowed products from different manufacturers to connect
together and operate in unison. Addition of a MIDI output
on IVL pitch detection products allowed musicians to “drive”
a synthesizer from a wind or stringed instrument. Musicians
could now access synthesized sounds from a traditional instrument
and take advantage of the growing interest in synthesized
music.
A line of pitch to MIDI conversion products followed for
both horn and guitar players. These products were manufactured
in Victoria by IVL and distributed worldwide through a US
company with a strong presence in the music market –
Digitech.
A new technology, pitch shifting, was released in the late
80’s. These products built on IVL’s patented pitch
detection and added the ability to shift the pitch of music
notes to create harmony. The effect was to create, for example,
an electronically generated horn section to a trumpet player’s
melody. Strong interest was shown by singers in IVL’s
pitch shifting and harmony technology. A new product line
was introduced in the early 90’s offering natural-sounding
and musically correct harmony for singers. The Vocalist series
of products were highly successful and won a number of high
profile awards.
In the mid-90’s, IVL introduced vocal harmony to the
Japanese commercial karaoke market. Meeting with strong market
acceptance, IVL gained a major share of karaoke company customers.
IVL released a line of consumer karaoke products in the early
2000’s incorporating a number of innovative features
developed for professional and consumer markets. These handheld
karaoke players plugged in to a TV to display lyrics and music
was purchased by downloading from IVL’s web site. Ten
years ahead of iTunes success, the concept of downloading
music over the internet was too advanced and complicated for
most consumers to grasp in volume and, although sales were
made to customers such as Walmart, Best Buy, Target, Toys
‘R Us etc., demanding price pressures in the consumer
electronics market made it difficult to achieve profitability.
The TV Star product won “Best Product of 2002”
award from Business Week. While consumer sales represent a
minor proportion of IVL current sales, we continue to seek
ways to apply IVL’s proprietary technology to larger
markets.
IVL refocused attention over the past two years on the music
industry and has achieved good success with Vocalist Live
products distributed through Digitech.
In the fall of 2008, the first in a new line of products
for the DJ market was released in partnership with Stanton
Magnetics Inc. – a strong brand in the DJ market. The
first product has gained enthusiastic market acceptance and
additional products are planned. This DJ product line will
generate substantial growth in IVL’s sales and profits.
|
|