The gigantic tech company LG Electronics has mobilized its resources and was reported to collaborate with Denmark's high-end electronics Bang & Olufsen company to produce state of the art TV's for this era. Furthermore, it remains to be seen how this joint endeavor would fare.
In a post from Gadgets 360, South Korea's LG Electronics aims at making televisions' that would feature the latest technological trend and to attain that, it has connected with Bang & Olufsen to create televisions that boast of the latest screen technology.
The post further relayed that Chief Executive Tue Mantoni aims on ensuring that the "strategic technology partnership" with the world's second-largest TV maker will allow his company "to stay at the forefront of innovation."
More report from CBS News indicated Mantoni's desire to see both companies soaring above mediocrity. He further said that it would allow both companies "to focus on core competencies within acoustics and design and to improve the long-term profitability of the company."
On a different note, although there were neither financial matters nor details revealed by both corporations, both have revealed that the collaboration would render positive results for both enterprises. In addition, their joint effort is forecast to produce a new era of television products that boast of having an organic light-emitting diode screen that is anticipated to hit the stalls in 2017.
It appears that the former talks of B&O with LG Electronics have pushed through. In the past, it was speculated that the company was setting up deals with an anonymous buyer after garnering three years of losses. With LG at bay, B&O is expected to rebound and attain stability in the coming years.
