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Event Electronics (Audio Event) was founded in the late 1980s/early 1990s by Russell Palmer, a former Alesis executive, during the 'project studio' boom. The company identified a market need for relatively low-cost, high-performance studio monitoring systems for professional audio production. Their flagship product, the Event Opal speakers, was developed over three years starting in 2006 with several million dollars invested in R&D. The Opal featured custom components designed from scratch and claimed the lowest distortion of any speaker on the market. Event specialized in professional studio monitors and speakers, targeting recording studios and audio professionals. The company's focus on delivering professional-grade monitoring at accessible prices helped democratize high-quality studio production. Current operational status is unclear with limited recent information available, suggesting the company may be defunct or acquired. Event Electronics made significant contributions to the project studio revolution by providing affordable professional monitoring solutions.