Yes, and that is precisely the reason why Devialet has raised the money. They essentially want to do four things:
1. Innovate. They want to take technology we are seeing in Phantom, miniaturise and de-cost it without impacting sound quality and market the resulting product(s) with a price tag which is more palatable for the common man.
2. Double their R&D team from current 60 headcount to around 120 by mid-2017 to drive innovation and product development.
3. Get into new markets – by delivering higher quality sound for consumer devices such as televisions, mobile phones, laptops and car audio.
4. Significantly expand their retail presence with their own Devialet branded retail storefronts