Welcome to our dedicated page for WiSA Technologies news (Ticker: WISA), a resource for investors and traders seeking the latest updates and insights on WiSA Technologies stock.
WiSA Technologies, Inc. (WISA) is a pioneering company specializing in wireless sound technology. As a fabless semiconductor firm, it focuses on developing and selling advanced wireless audio integrated circuits. These state-of-the-art circuits are designed to deliver high-definition, distortion-free audio for a range of home entertainment and professional audio markets.
Headquartered in Beaverton, Oregon, with additional offices in San Jose, California, as well as in Taiwan, Korea, and Japan, WiSA Technologies is strategically positioned to serve a global market. The company boasts an extensive geographic presence across Asia Pacific, North America, and Europe.
WiSA Technologies is renowned for its award-winning Summit Wireless™ technology. This leading integrated circuit solution is widely recognized for its ability to distribute high-quality audio wirelessly. Summit Wireless™ technology can be seamlessly integrated into audio decoding sources such as digital televisions, sound bars, PA systems, AV receivers, Blu-ray players, set-top boxes, and gaming systems. These sources transmit multi-channel audio to home theater or pro-audio speakers equipped with Summit receive technology.
In addition to selling module components to audio companies, WiSA Technologies also offers audio products to both resellers and consumers. The company collaborates closely with consumer electronics companies, technology providers, retailers, and ecosystem partners to enhance the immersive audio experience for users.
WiSA Technologies is a co-founder of the Wireless Speaker and Audio Association (WiSA) standard, which promotes interoperability among various audio components. The company's recent achievements and current projects emphasize its commitment to innovation and quality in the audio technology sector.
Stay tuned for updates from WiSA Technologies as they continue to make strides in the wireless audio industry, delivering cutting-edge solutions and expanding their global footprint.
Data Vault Holdings, Inc.®, under a definitive asset purchase agreement with WiSA Technologies, Inc. (NASDAQ: WISA), has launched VerifyU, a blockchain-based academic credential verification platform, in collaboration with Arizona State University (ASU). VerifyU offers secure, real-time verification of academic credentials, addressing the needs of students, educational institutions, and employers.
Key points:
- ASU is the first to utilize VerifyU's blockchain and AI technology
- Datavault aims to license VerifyU to 20-30 educational institutions in 2025
- The global education verification service market is projected to reach $177 billion by 2030
- VerifyU plans to charge students a one-time fee for lifetime access
- Revenue will be shared between Datavault and participating universities
Datavault Holdings, Inc.®, set to be acquired by WiSA Technologies, Inc. (NASDAQ: WISA), will present at the New York Scientific Data Summit (NYSDS) 2024 on September 16-17. The company will showcase its PhytoIntel platform, focusing on Digital Twin technologies for bioenergy crop optimization. CEO Nathaniel Bradley will discuss advancements in Bioenergy Digital Twins. The summit features experts from various sectors, exploring topics like model accuracy and machine learning integration. McKinsey projections highlight the growing importance of Digital Twins, forecasting a 60% annual market growth to $73.5 billion by 2027. The technology is becoming important for supply chain transformation and advanced industries.
WiSA Technologies, Inc. (NASDAQ: WISA) announces its participation in the 2024 Gaming, Media & Entertainment Virtual Conference, presented by Maxim Group on Tuesday, September 17th, 2024, at 9 am ET. CEO Brett Moyer and Data Vault CEO Nate Bradley will represent the company. This follows WiSA's recent announcement of a definitive agreement to acquire assets of Data Vault Holdings, Inc.®, aiming to form a data technology & licensing company.
The virtual conference will be hosted on M-Vest.com, requiring membership registration to attend. WiSA's asset purchase agreement with Data Vault Holdings Inc.® is expected to close before December 31, 2024, subject to stockholder approval and customary conditions. Investors can access more information and presentation materials on WiSA Technologies' website.
WiSA Technologies (NASDAQ: WISA) announces that its WiSA E wireless immersive audio software has been embedded onto an Amlogic reference design for set-top boxes. Amlogic will showcase this WiSA-E-enabled STB reference design at the IBC show in Amsterdam. The 2.1-capable design runs on Amlogic's latest set-top box SoC with their Wi-Fi chip, using the Android 14 operating system. WiSA E supports multiple audio channels and formats like Dolby Atmos and Google's IAMF. This implementation leverages WiSA Express, allowing a fast 90-day development cycle without hardware changes. The technology aims to bring cost-effective, cable-free, high-quality multichannel audio to various source devices.
WiSA Technologies, Inc. (NASDAQ: WISA) has announced its participation in several upcoming investor conferences. The company will present at the Gateway Conference on September 5, 2024, in San Francisco, the H.C. Wainwright 26th Annual Global Investment Conference from September 9-11, 2024, in New York City, and the Lake Street BIG8 Best Ideas Growth Conference on September 12, 2024, in New York City.
Additionally, WiSA Technologies has entered a definitive agreement to acquire assets of Data Vault Holdings, Inc.®, forming a data technology and licensing company. This acquisition, subject to stockholder approval, is expected to close before December 31, 2024. Investors can access more information about these events and the business combination on the company's website.
WiSA Technologies (NASDAQ: WISA) has executed a $210 million definitive agreement to purchase assets from Data Vault Holdings Inc. The deal includes High-Performance Computing (HPC) software and Acoustic Technologies IP, creating a licensing and technology company with an extensive patent portfolio. The purchase consists of 40 million shares of common stock at $5 per share plus a $10 million 3-year Note.
The resulting company will offer two solutions: Data Sciences, licensing HPC software applications and Web 3.0 data management, and Acoustic Sciences, licensing spatial and multichannel HD sound transmission. The transaction is expected to close by December 31, 2024, subject to stockholder approval.
WiSA Association, a subsidiary of WiSA Technologies, Inc. (NASDAQ: WISA), has announced significant progress in its WiSA E licensing program. The company has secured agreements covering 43% of the Android-based HDTV market, which represents the largest segment in the industry. Android powers over 37% of all HDTV units, double the share of the second most popular OS.
With this achievement, WiSA is now focusing on building an ecosystem of WiSA E-enabled speaker systems to support its HDTV licensees. The company aims to replicate the success of its WiSA HT technology, which has been implemented by over 25 companies. WiSA E includes a full suite of audio features and can be implemented across four major HDTV SoC providers.
WiSA Technologies announced it has regained compliance with Nasdaq's minimum stockholders' equity requirement of $2.5 million. This follows the company's efforts to improve its balance sheet through equity raises and liability reductions. WiSA Technologies raised approximately $9.2 million in net proceeds from securities offerings between April and May 2024, and amended warrants to increase stockholders' equity by $4.5 million.
The company is now subject to a mandatory panel monitor for one year from July 3, 2024. WiSA Technologies also reported signing its fifth WiSA E licensing deal, expanding its presence in the wireless audio market, which is expected to grow to $296 billion by 2030.
WiSA Technologies announced that Buchardt Audio's Sub10 wireless subwoofer has achieved WiSA HT interoperability certification. This certification highlights the Sub10's ability to work seamlessly with other WiSA HT-certified products, providing uncompressed, high-quality sound transmission. The Sub10, which took two years to develop, features a carefully designed subwoofer driver, enclosure, and Hypex amplifier, with app-controlled DSP functions like Room Correction and Manual EQ for enhanced performance and flexibility. This is Buchardt’s fourth WiSA-certified product, following the A500 monitor, Anniversary 10 monitor, and A700 tower.
WiSA Technologies announced the appointment of Kimberly Briskey to its Board of Directors. Briskey, with over 15 years in strategic business and financial management, currently serves as Brand CFO of Eddie Bauer at SPARC Group , managing an $800M multichannel business. She has held senior roles at companies like Lucky Brand, Beyond Yoga, J Brand, and GUESS? INC., and holds degrees from Arizona State University and the Fashion Institute of Design and Merchandising. The company also announced the resignation of Director Lisa Cummins effective June 12, 2024.
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