CITECH showcases WiSA E receiver module at HIGH
END audio show In Munich, May 9-12, 2024
WiSA Association, a subsidiary of WiSA Technologies, Inc.
(Nasdaq: WISA) and a leading innovator in wireless audio technology
for intelligent devices and next-generation home entertainment
systems, and CITECH Co., Ltd (004920.KS), a leading South
Korean-based manufacturer of hi-fi audio products, digital
advertising/information kiosks, and telecommunication media
products, today announced the two companies have entered into a
strategic partnership designed to integrate WiSA’s powerful WiSA E
software into CITECH’s HiFi ROSE line of media streamers.
Additionally, CITECH plans to develop a receiver module that the
company will market to its partner speaker companies to accelerate
the deployment of WiSA E-enabled speakers. The combination of WiSA
E receiver module along with WiSA E-enabled HiFi ROSE media
streamer ensures seamless delivery of WiSA’s high-quality wireless
multichannel audio. CITECH will be demonstrating their line of HiFi
ROSE media players at the HIGH END audio Show in Munich, Germany
from May 9th through May 12th.
“We are proud to build WiSA E capabilities into our products and
offer superb multichannel wireless audio to our customers,” said
Sean Kim, Chief Operating Officer, CITECH. “Our HiFi ROSE product
line delivers world-class sound quality to listeners seeking the
range, detail, and overall musicality of a true audiophile system
in a single, easy-to-use product. WiSA E technology complements our
brand promise of excellence and makes it easy for our customers to
enjoy immersive audio out of the box.”
CITECH plans a two-pronged approach to bringing WiSA E
technology to market. Through their HiFi ROSE brand, CITECH will
enable its media streamers to transmit up to 6 channels of wireless
audio using the WiSA E transmitter technology. To seed the market
with a number of WiSA E certified speakers, CITECH has developed a
WiSA E receiver module that will be made available to CITECH’s
numerous speaker partners for integration into speaker
products.
“CITECH is an ideal partner for WiSA,” said Tony Ostrom,
president of the WiSA Association. “The company is focused on
building an ecosystem of interoperable WiSA E certified speakers to
complement their line of media streamers. We encourage any speaker
system that wants to become part of the WiSA E ecosystem to contact
CITECH; their receiver module is the perfect foundation for
building WiSA E-certified speakers.”
Visit CITECH at the HIGH END audio trade show at the MOC Event
Center Messe Munich from May 9 to 12, Hall 2, G04/J03. CITECH will
showcase their line of HiFi ROSE media streamers and their receiver
module designed to allow speaker brands to easily build WiSA E
certified receiver functionality into speakers.
- For more information about CITECH and the HiFi ROSE line of
products, contact Sean Kim at seankim@citech.kr.
- For more information about WiSA E technology or the WiSA E
licensing program, contact Tony Ostrom, president of the WiSA
Association at tostrom@wisatechnologies.com.
- To receive a WiSA E demonstration at the HIGH END trade show,
email James Cheng at jcheng@wisatechnologies.com.
About the WiSA Association
WiSA® educates, evangelizes, and promotes solutions for spatial
audio in the home. Working in collaboration with technology
developed by WiSA Technologies, Inc., WiSA Association engages with
leading consumer electronics companies, technology providers,
retailers, and ecosystem partners to make immersive audio an
experience everyone can enjoy. WiSA, LLC - the Wireless Speaker and
Audio Association - is a wholly owned subsidiary of WiSA
Technologies, Inc. For more information about WiSA, please visit:
www.wisatechnologies.com.
About WiSA Technologies, Inc.
WiSA Technologies, Inc. (NASDAQ: WISA) is a leading provider of
immersive, wireless sound technology for intelligent devices and
next-generation home entertainment systems. Working with leading CE
brands and manufacturers such as Harman International, a division
of Samsung; LG; Hisense; TCL; Bang & Olufsen; Platin Audio; and
others, the company delivers immersive wireless sound experiences
for high-definition content, including movies and video, music,
sports, gaming/esports, and more. WiSA Technologies, Inc. is a
founding member of WiSA™ (the Wireless Speaker and Audio
Association) whose mission is to define wireless audio
interoperability standards as well as work with leading consumer
electronics companies, technology providers, retailers, and
ecosystem partners to evangelize and market spatial audio
technologies driven by WiSA Technologies, Inc. The company is
headquartered in Beaverton, OR with sales teams in Taiwan, China,
Japan, Korea, and California.
About CITECH Co., Ltd
CITECH Co., Ltd. manufactures and sells identification and
ticket issuing machines in South Korea. It also manufactures
digital advertising and information kiosks, hi-fi audio, and
telecommunication media products. The company also develops and
sells broadcasting, digital content, access control systems,
equipment rentals, as well as operates restaurants and sells
groceries. Further, it develops software and sells hardware related
tools and programs as well as operates online education and
learning platforms. The company was formerly known as Sam Yung
Holdings Co., Ltd. and changed its name to CITECH Co., Ltd. in
April 2015. CITECH Co., Ltd. was founded in 1967 and is
headquartered in Seoul, South Korea.
Safe Harbor Statement
This press release contains forward-looking statements, which
are not historical facts, within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. In some cases, you can
identify these forward-looking statements by the use of words such
as “may,” “could,” “expect,” “intend,” “plan,” “seek,”
“anticipate,” “believe,” “estimate,” “predict,” “potential,”
“continue,” “likely,” “will,” “would” and variations of these terms
and similar expressions, or the negative of these terms or similar
expressions. Such forward-looking statements, including statements
herein regarding our business opportunities and prospects, as well
as our licensing initiatives and expectations, are necessarily
based upon estimates and assumptions that, while considered
reasonable by us and our management, are inherently uncertain.
Readers are cautioned not to place undue reliance on these
forward-looking statements. Actual results may differ materially
from those indicated by these forward-looking statements as a
result of risks and uncertainties regarding, among other items: the
degree to which the licensee implements the licensed technology
into its products, if at all; the timeline to any such
implementation; our current liquidity position and the need to
obtain additional financing to support ongoing operations; general
market, economic and other conditions; our ability to continue as a
going concern; our ability to maintain the listing of our common
stock on Nasdaq; our ability to manage costs and execute on our
operational and budget plans; our ability to achieve our financial
goals; and other risks as more fully described in our filings with
the U.S. Securities and Exchange Commission. The information in
this press release is provided only as of the date of this press
release, and we undertake no obligation to update any
forward-looking statements contained in this press release based on
new information, future events, or otherwise, except as required by
law.
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version on businesswire.com: https://www.businesswire.com/news/home/20240509103081/en/
Investor Contact:
David Barnard, LHA Investor Relations, 415-433-3777,
wisa@lhai.com
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