Five Additional Major Display Brands Currently
in Review/Approval Cycle for WiSA E License
WiSA Association, a subsidiary of WiSA Technologies, Inc.
(NASDAQ: WISA), announces that it has received its second signed
5-year WiSA E licensing agreement with a second display brand. The
WiSA E license allows the brand to build WiSA E software into their
products thereby providing its consumers with a range of wireless
immersive audio options including full interoperability with any of
the WiSA E-enabled speakers offered by the many WiSA Association
speaker brands.
“This signed agreement comes less than a month after our first
WiSA E license agreement with another display brand,” said Tony
Ostrom, president of the WiSA Association. “Reaction from WiSA
Association members has been overwhelmingly positive, and we look
forward to closing more shortly.”
WiSA E entails a full suite of audio features that define how
audio should be experienced across HDTVs, soundbars, projectors,
mobile devices, set top boxes, and speakers. WiSA E is
implementable across four HDTV SoC providers including Realtek,
Amlogic, Mediatek, and Novatek.
WiSA E Demonstration at CES 2024
WiSA Technologies will be demonstrating WiSA E at its suite at
CES 2024. For more information about CES 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.
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.
© 2023 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. 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
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version on businesswire.com: https://www.businesswire.com/news/home/20231221691671/en/
Tony Ostrom President of the WiSA Association
tostrom@wisatechnologies.com
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