iRobot Corp. said it has reached a confidential agreement with Black & Decker regarding a patent infringement suit. In April, the company took legal action against five floor care suppliers, claiming that each of the companies had used its patented technology without permission.
iRobot continues to gain in 2017, reporting revenue growth of $205.4 million for the third quarter ended September 30, compared with $168.6 million for the third quarter of 2016.
Samsung has introduced new limited edition “Star Wars” versions of its Powerbot robotic vacuum cleaner, model VR7000. The result of a collaboration between Samsung and Star Wars fans, the vacuum designs are intended to captivate fans in anticipation of the December release of “Star Wars: The Last Jedi.”
CDH Fund V, L.P., a private equity fund managed by CDH Investments, has entered into a definitive agreement to purchase a “significant equity interest” in SharkNinja.
Electrolux is expanding its investment in its Springfield, Tennessee, manufacturing facility. The $20 million capital investment follows a $25 million investment announced last year.
LG Electronics has launched an informative online video featuring “The Jetsons,” aimed at showcasing the company’s present and future line of connected home appliances powered by its LG SmartThinQ technology.
The U.S. International Trade Commission (ITC) has voted to institute an investigation of certain robotic vacuum cleaning devices and components based on a complaint filed by iRobot Corporation, according to the company. The complaint, filed April 18 by iRobot, alleges infringement of six U.S. patents against several robotic vacuum manufacturers.
iRobot has extended the availability of its cloud-connected cleaning with the launch of the Roomba 890 and Roomba 690 WiFi connected vacuuming robots. The company has also launched an Amazon Alexa skill for U.S. customers of WiFi connected Roomba robotic vacuums.
Hoover is undergoing a major rebranding effort, which looks to build on the brand’s heritage while modernizing the way it is perceived in the marketplace. The new campaign, “A New Generation of Clean,” builds upon the brand’s legacy while addressing the needs of today’s active family, the company said.