h





Reviewer: Srajan Ebaen
Financial interests: click here
Sources: 2TB iMac 27" quad-core w. 16GB RAM running OWS 10.8.2, PureMusic 2.02, Audirvana 1.5.10, Metrum Hex, AURALiC Vega, Aqua Hifi La Voce S2, SOtM dX-USB HD w. super-clock upgrade & mBPS-d2s, Apple iPod Classic 160GB (AIFF), Astell& Kern AK100 modified by Red Wine Audio, Cambridge Audio iD100, Pro-Ject Dock Box S Digital, Pure i20, Nagra HD DAC with MPS [on review]
Preamplifier: Nagra Jazz, Esoteric C-03, Bent Audio Tap-X
Power & integrated amplifiers: FirstWatt S1, F6; Crayon Audio CFA-1.2; Goldmund Job 225; Gato Audio DIA-250; Aura Note Premier; Wyred4Sound mINT; AURALiC Merak [on loan]
Loudspeakers: Albedo Audio Aptica with Elac 4pi Plus.2 super tweeter; soundkaos Wave 40; Boenicke Audio W5se; Zu Audio Submission; German Physiks HRS-120, Gallo Strada II w. TR-3D subwoofer
Cables: Complete loom of Zu Event; KingRex uArt, ZU Event and LightHarmonic LightSpeed double-header USB cables; Tombo Trøn S/PDIF; van den Hul AES/EBU; AudioQuest Diamond glass-fibre Toslink; Arkana Research XLR/RCA and speaker cables [on loan]
Power delivery: Vibex Granada on all components, GigaWatt PF-2 on amps
Equipment rack: Artesania Audio Exoteryc double-wide 3-tier with optional glass shelves, Rajasthani hardwood rack for amps
Sundry accessories: Acoustic System resonators
Room: Irregularly shaped 9.5 x 10m open floor plan with additional 2nd-floor loft; wood-paneled sloping ceiling; parquet flooring; lots of non-parallel surfaces (pictorial tour here)
Review component retail in Europe: €3'499 for the M12, €2'999 for the M22

Go NAD! As the Belgian super sleuth Hercule Poirot would have said, this quasi adolescent entry by then Stereophile reviewer Corey Greenberg stuck to my leetle gray cells. I don't remember the particular New Audio Dimension component which followed our would-be gonzo journalist's, er - ballsy intro. I only remember his clever implication. NAD had real cojones for doing whatever they were up to at the time. Whilst we're still well in the past, NAD used to be about compact grey boxes with square green power buttons. They eschewed blingy lights, meters and puffed-up power specs. Then they made up for lack of shallow sex appeal with more mature sound. They also had more useful short-term peak power delivery than flashier competitors. And yes, the NAD 3020i integrated of the 1970s sold more than a million units. It minted more student audiophiles than perhaps any other component of its time. So iconic did this slightly drab but sonic overachiever become that the company resurrected its nomenclature with today's vertical/horizontal hybrid digital deck shown below right next to the original.


NAD also were one of the earlier companies to embrace the 'design in the UK, manufacture offshore' concept which in the early 21st century would cause a wholesale exodus of hifi production to the PRC. And as happened in the car industry before, hifi also saw its own corporate mergers whereby B&W with Classé, Meridian with Sooloos, Naim with Focal, Denon with Marantz and ARC with McIntosh, Sumiko, sonus faber and Wadia would form strategic alliances. Today NAD is part of the Canadian Lenbrook Group which for hifi also shepherds the speaker brand PSB. They maintain branches in the US and Singapore. But for this brand still more has changed. Its formerly entry-level 'transitional' branding has become far more ambitious. It led very directly to today's components under review. Their 'M' prefix is thus short for Masters Series, not mo NAD.

NAD Viso DirectDigital i-Device dock with PSB speakers
The same range's $5'999 M2 direct-digital amplifier and $1'999 M51 direct-digital DAC with 35-bit 844kHz processing have seen sterling reviews in bona fide high-end publications like Stereophile. Editor John Atkinson, about the former, opined that "...although it's convenient to refer to the NAD M2 as an integrated amplifier, it's actually something rather different: the M2 is a multiple-input D/A converter with an output stage that can drive a loudspeaker." He proceeded to single out "superb level of fit'n'finish", then found conceptual precursors in "the original Wadia company [who] bet the farm on what they called a PowerDAC, but couldn't bring it to market successfully. The TacT amplifiers did generate some marketplace traction, and the Toccata PCM-to-PWM interface used by TacT was licensed to Texas Instruments in 2001. The Sharp SM-SX100, from the start of the century, was functionally very similar to the M2". He concluded... "when fed high-quality PCM data, it offers sound quality that competes with that of the best conventional amplifiers. Given my long-term skepticism about the sonic benefits of PWM amplifiers, that was not what I was expecting. NAD's Masters Series M2 is a winner all the way." In the measurement section, he called out "state-of-the-art performance" and finished off with "... it is very satisfying to be able to discuss a component's measured performance without having to scratch my head over some or another idiosyncrasy. The NAD Masters Series M2 Direct Digital amplifier falls readily into that category." About the matching M51, John Atkinson wrote that "...I've been using NAD's Masters Series M51 Direct Digital D/A processor ($1'999) as one of my references since summer 2013". He also gushed about its test-bench behaviour because it "...offers measured performance that is almost beyond reproach. Color me impressed." Go NAD - from student dorm room to audiophile man cave darling!


Without raiding any silly-money coffers, NAD in 2014 have clearly muscled up to the high-end plate. They've branched out beyond their core audience of yore. But just because NAD have expanded upwards doesn't see to have distracted them from their value focus. Nowhere is this more evident than in the new M22 stereo amplifier with its Hypex nCore heart. Having two years ago reviewed an nCore 1200-based amplifier in the Acoustic Imagery Atsah monos, I'd become an instant fan of Bruno Putzeys' latest most powerful uptake on his established Hypex UcD or Universal class D platform. Sadly retail pricing for the Atsah and competitors from Bel Canto Design, Jeff Rowland Design Group, Merrill Audio and Mola Mola starts at about €10'000/pr. The only ones with access to the more affordable NC400 modules were DIYers. They could roll slightly less powerful versions for ~€2'000 in nice if not flashy casings. The proviso? They could do so only as long as they did it for personal not commercial use.


With the $2'999 M22, NAD are first to bring nCore tech to the masses. Aussie contributor John Darko kicked off this story's center when he published a news post with this intriguing tidbit. It quotes NAD Director of Technology and Product Planning Greg Stidsen: "We developed our own nCore module in close cooperation with Hypex.  It is based on the NC400 not NC1200 module but this is not a qualitative difference. It only affects power output. We can do this because we will build and sell a lot of units. The NC1200 was developed primarily for the pro market where huge power is required. In the Hypex NC400 module, continuous power is 200w@8Ω and 400w@4Ω. In our implementation it is 250w@8/4Ω controlled by Erik Edvardsen’s precision clipper circuit. The benefit of this approach is the ability to offer much more short term or dynamic power. Here we have 350w@8Ω and 600w@4Ω. In typical NAD tradition, this makes the power in actual use seem greater than the spec!"
Designed and engineered in Canada, manufactured to NAD specifications in China.

Applying more 'mass-market' scale of operations and distribution than most high-end companies have at their disposal, NAD have secured access to customized nCore tech whereby they may enter a market sector which due to the deliberately high pricing of the NC1200 platform is sealed off to existing commercial competitors. Bruno Putzeys' very strange business model of course has not prevented certain small operators from circumventing his NC400 DIY regulation. Some enterprising chaps still manage to get turn-key amps based on stock NC400 modules with their matching SMPS into the hands of end users who aren't keen on solder fumes. But for a fully legit commercial product, NAD to my knowledge are first to give us nCore performance for €3'000 whilst diverging from the Hypex script on the actual boards. Many commercial NC1200 offerings are nothing but shiny repackaging jobs. Inside fancy casings they house completely stock modules similar to how many ICEpower and Pascal competitors do it. Yet their nCore marketing copy waxes poetic over performance enhancements like fancy hookup wiring, designer socketry, custom power cords, special footers and milled-from-solid case work. Reviewers covering this gear routinely pay primary homage to the 'designers' of these parts packages only to fail to properly credit the Dutch Bruno Putzeys for 95% of the recipe which is actually responsible for the sound.


Given this background, within a day of Darko's post I had requested Greg Stidsen's email contact. My nCore button had been slammed. Hard. And a day later it chimed again. Greg responded in the affirmative to my review interest. He also suggested that he really ought to send along the matching modular M12 preamp. It handles volume control in the digital domain like the M51 DAC. I accepted. Clearly NAD had come a long way from the days when my wife and I ran their plain gray 3020i in our shared massage studio in Santa Rosa, California. It was time I refamiliarized myself with the brand. And I had more questions for Greg Stidsen particularly on the M22.