First Port Targeted at Enabling HDTVs to
Include On-board Transmission of Spatial Audio
WiSA Technologies, Inc. (NASDAQ: WISA), a leading provider of
immersive, wireless sound technology for intelligent devices and
next-generation home entertainment systems, today announced a
licensing program for its high-quality, multichannel wireless WiSA
E software. The program is targeted towards HDTV platforms and
speaker manufacturers. As consumer demand for an enhanced audio
experience grows, WiSA Technologies projects that a low-cost
licensing program making WiSA’s audio technology readily available
to industry platforms will enable an ecosystem of affordable and
interoperable immersive audio products.
WiSA E is currently being ported to Amlogic’s low-cost HDTV
platform. WiSA Technologies is also working with several leading
IoT chip manufacturers, including Realtek and Espressif, to run
WiSA’s audio software on low-cost Wi-Fi chips.
“Today’s multichannel audio components are expensive ASICs that
are relegated to the higher end of the market,” said Eric Almgren,
WiSA’s Chief Strategy Officer. “WiSA has taken its multichannel
audio technology that is currently used by many of the world’s
leading audio brands and created an embeddable software product
designed to run on HDTV SoC platforms and low-cost IoT/Wi-Fi chips.
Our new licensing program enables any smart TV or speaker to offer
multichannel, high-quality wireless audio at a much lower cost than
what is currently available on the market.”
WiSA E is interoperable audio software/IP designed to be ported
to TV SoC platforms enabling built-in transmission capabilities of
high-quality multichannel audio streams. To enable an ecosystem of
interoperable speakers, WiSA E is also designed to run on low-cost
3rd-party 5GHz IoT chips/modules. The WiSA Association, a 70+
industry member organization, is currently developing an
interoperability test specification to ensure that products using
WiSA E technology work seamlessly with each other.
“For the majority of consumers, high-quality immersive audio
systems are too expensive and too complex to set up,” says Brett
Moyer, WiSA’s CEO. “By licensing WiSA’s industry-proven
multichannel wireless audio technology to HDTV platform providers,
consumers can easily and affordably add wireless speakers creating
a full Atmos-capable immersive sound system without the need for
any extra cables or wires.”
WiSA E is sampling this quarter (Q4, 2022) with select Beta
customers. WiSA E software product business licensing discussions
have begun; WiSA E software porting to platforms is being supported
in USA, Asia, and India. WiSA Technologies expects WiSA E software
to be in production during 2023.
WiSA E Demonstration at CES 2023
WiSA Technologies will be demonstrating WiSA E at CES 2023 in
Las Vegas. Demonstrations are by appointment only and will be
available Thursday – Saturday, January 5 – 7, 2023 at the Embassy
Suites by Hilton Convention Center. To schedule a product
demonstration and discuss how WiSA E licensing can enable increased
revenue by embedding wireless audio capabilities in TVs, please
contact James Cheng, VP Sales, at jcheng@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.
© 2022 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®, WiSA
Ready™, and WiSA Certified™ 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. Our actual results,
performance or achievements may differ materially from those
expressed or implied by these forward-looking statements. In some
cases, you can identify 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 revenue growth, production, stores and launches,
are necessarily based upon estimates and assumptions that, while
considered reasonable by us and our management, are inherently
uncertain. As a result, 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 impacting WiSA
Technologies’ business, including the interoperability of WiSA E
software, current macroeconomic uncertainties associated with the
COVID-19 pandemic; our inability to predict or measure supply chain
disruptions resulting from the COVID-19 pandemic and other drivers;
our ability to predict the timing of design wins entering
production and the potential future revenue associated with our
design wins; our success in porting WiSA E software to various
platforms; our rate of growth; our ability to predict direct and
indirect customer demand for our existing and future products and
to secure adequate manufacturing capacity; our ability to hire,
retain and motivate employees; the effects of competition,
including price competition within our industry segment;
technological, regulatory and legal developments that uniquely or
disproportionately impact our industry segment; developments in the
economy and financial markets and other risks detailed from time to
time in WiSA Technologies’ filings with the Securities and Exchange
Commission.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20221025005318/en/
Steve Venuti, VP Marketing, WiSA Technologies:
svenuti@wisatechnologies.com
WiSA Technologies (NASDAQ:WISA)
Historical Stock Chart
From Apr 2024 to May 2024
WiSA Technologies (NASDAQ:WISA)
Historical Stock Chart
From May 2023 to May 2024