The Company’s proprietary revolutionary
technology delivers seamless integration across platforms and
devices, setting a new standard for interoperable high-quality
audio excellence
WiSA Technologies, Inc. (Nasdaq: WISA), a leading innovator in
wireless audio technology for intelligent devices and
next-generation home entertainment systems, continues to see strong
interest from major consumer electronics TV, projector, and set-top
manufacturers for licensing its WiSA E technology. The Company is
pleased to report that five WiSA E licenses with major brands in
each category have been signed and that three additional global
brands are currently reviewing the WiSA E licensing agreement. The
first WiSA E-enabled products are scheduled to be delivered in the
second half of 2024.
“WiSA E is designed to work with all the mainstream processors,
operating systems, and Wi-Fi chips enabling seamless integration
with TVs, set-top boxes or projectors with no additional parts and
no additional BOM cost,” said Tony Ostrom, president of the WiSA
Association. “It is this universal quality of WiSA E that makes it
so compelling to our customers. Five major brands have already
signed licensing agreements; more are expected soon.”
WiSA E has found strong traction in the market because of its
universality in implementation and ubiquitous interoperability:
- System-on-Chip (SoC) agnostic
- Compatibility with a wide array of SoCs including MediaTek,
Qualcomm, Espressif, Amlogic, Realtek, Sunplus, and more.
- Operating-system agnostic
- Currently integrated with Android devices.
- Wi-Fi agnostic
- High-quality functionality across any Wi-Fi compliant
chip.
- Device agnostic
- Seamlessly embedded into TVs, mobile devices, set-top boxes, or
projectors.
- Interoperable
- WiSA E is designed to be interoperable between WiSA E audio
source devices and WiSA E audio playback equipment, including
speakers, soundbars, subwoofers, smart speakers, and
headphones.
- Zero BOM (bill of materials) cost
- WiSA E can be implemented in source devices at zero cost,
providing a cost-effective solution without compromising on quality
or performance.
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.
Find out more about the WiSA Association at
www.wisatechnologies.com/wisa-association.
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.
© 2024 WiSA Technologies, Inc. All rights reserved. WiSA
Technologies, Inc. and the WiSA Technologies, Inc. logo are
trademarks of WiSA Technologies, Inc. The WiSA logo, WiSA® are
trademarks and certification marks of WiSA, LLC. Third-party trade
names, trademarks and product names are the intellectual property
of their respective owners.
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,
production dates, future revenues, and 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/20240515245018/en/
For information about the WiSA E licensing program or the WiSA
Association, contact Tony Ostrom at
tostrom@wisatechnologies.com.
For investor information, contact: David Barnard, LHA Investor
Relations, 415-433-3777, wisa@lhai.com
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