ChannelNews has been told that Philips has been trying to move their Pronto remote control manufacturing business outside of Europe for some time in an effort to remain competitive.
We have also been told that the business had already been sold and that a deal was already on the table when Philips announced that they were shutting the Pronto business down earlier this month.
CE Pro in the USA said earlier this week that the buzz in Europe is that Philips Pronto is well on its way to a new life with "the same name, new owners".
CE Pro obtained a letter, dated 2 November, from a major Philips Pronto distributor in Europe, telling dealers that the future of Pronto is already on its way with new players. "For you, for us, no worries, nothing changes."
Observers say that the key to the new business is a new Philips Pronto CRX controller which allows a multitude of devices to talk to a home management system including Apple iPad's and Smartphones and lighting and distributed audio systems from other manufacturers to be connected.
"Depending on how good this controller is will depend on whether the Philips Pronto business has a future. Remotes similar to what Philips Pronto has been selling are dead, they are expensive over engineered and yesterdays technology", said a Pronto reseller in Australia.