Universality of WiSA E Drives Licensing Business Opportunities
WiSA Technologies (NASDAQ: WISA) reports strong interest from major consumer electronics manufacturers in its WiSA E technology. The company has signed five licensing agreements with prominent brands, and three more are under review. WiSA E is set to launch in the second half of 2024.
WiSA E offers seamless integration across various platforms, including TVs, projectors, and set-top boxes, with no additional BOM cost. It is compatible with major SoCs like MediaTek and Qualcomm, supports Android devices, and works with any Wi-Fi chip. This universal interoperability positions WiSA E as a cost-effective and high-quality solution.
The technology aims to enhance audio experiences across different devices, providing a seamless and immersive sound experience.
- Five licensing agreements signed with major brands.
- Three additional global brands reviewing WiSA E licensing.
- WiSA E products slated for delivery in the second half of 2024.
- Zero BOM cost for OEMs, providing a cost-effective solution.
- Broad compatibility with major SoCs and operating systems.
- Interoperability across multiple device types, including TVs, set-top boxes, and projectors.
- No immediate revenue generation as the first products will only deliver in the second half of 2024.
- Dependency on continued interest from global brands for further licensing agreements.
- Potential delays in product delivery could impact expected timelines and investor confidence.
Insights
The announcement of WiSA Technologies securing licensing agreements with major brands for its WiSA E technology indicates robust interest in their universally compatible wireless audio solution. The fact that the technology is System-on-Chip (SoC) agnostic, operating-system agnostic, Wi-Fi agnostic and device agnostic ensures its suitability across a broad range of consumer electronics. This universality simplifies integration for manufacturers, potentially leading to quicker adoption rates. The zero BOM cost for integrating WiSA E means manufacturers can incorporate high-quality audio without additional expenses, which is a significant advantage in a competitive market where cost efficiency is crucial. An essential aspect here is interoperability; seamless audio performance across various devices and platforms enhances user experience, which can lead to higher customer satisfaction and loyalty.
The strong interest from leading consumer electronics manufacturers in licensing WiSA E technology suggests that WiSA Technologies is successfully positioning itself as a key player in the wireless audio market. The signing of five licensing agreements and ongoing negotiations with three additional global brands indicates a positive market validation. This positions WiSA Technologies to potentially increase its market share and revenue streams significantly in the coming years. The market for high-quality, interoperable audio solutions is growing as consumers demand more sophisticated home entertainment systems. The integration of WiSA E into mainstream devices like TVs, projectors and set-top boxes can significantly enhance the appeal of these products, potentially driving higher sales volumes for partnering manufacturers and wider adoption of WiSA’s technology.
From a financial perspective, the licensing approach adopted by WiSA Technologies could generate a steady and scalable revenue stream, minimizing risk and maximizing return on investment. Licensing agreements typically provide upfront fees and ongoing royalties, which could positively impact the company's revenue and profitability metrics. Additionally, the announcement of the first WiSA E-enabled products expected by the second half of 2024 sets a timeline for potential revenue recognition, which investors can monitor closely. However, it's important to consider the competitive landscape. While the zero BOM cost is a strong selling point, the company must leverage its technological edge to sustain and grow its market share amidst competition. Investors should watch for further updates on additional licensing agreements and any financial guidance from the company to better gauge long-term growth and stability.
The Company’s proprietary revolutionary technology delivers seamless integration across platforms and devices, setting a new standard for interoperable high-quality audio excellence
“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:
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System-on-Chip (SoC) agnostic
- Compatibility with a wide array of SoCs including MediaTek, Qualcomm, Espressif, Amlogic, Realtek, Sunplus, and more.
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Operating-system agnostic
- Currently integrated with Android devices.
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Wi-Fi agnostic
- High-quality functionality across any Wi-Fi compliant chip.
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Device agnostic
- Seamlessly embedded into TVs, mobile devices, set-top boxes, or projectors.
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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.
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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
© 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
View source 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
Source: WiSA Technologies, Inc.
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