Clark Synthesis, Inc. is lowering prices on their whole line of Professional Transducers and outdoor airspeakers.
“The last few years have seen dramatic increases in the cost of labor and raw materials,” said Bill Phillips, president of Clark Synthesis. “When the price of neodymium skyrocketed, we had no choice but to raise prices on our line of transducers. Now that the cost of neodymium has stabilized, we are so happy to adjust our pricing and pass the savings onto our valued dealers and customers.”
Clark Synthesis has a strong international presence, and as such is greatly affected by world events, the company says. Depressed market conditions in the U.S. and Europe, rising raw material prices, rising labor prices, and increased regulations have all combined to create challenging circumstances for the company.
The cost of neodymium, a rare earth metal used in Clark Synthesis transducers, increased over 400 percent in recent years, putting Clark Synthesis in the position of raising prices on their line of tactile sound transducers. Fortunately, the cost of the metal has stabilized enough that Clark Synthesis is confident in adjusting the price and passing the savings onto their dealers and customers.