WiSA E Expands Market Reach to 40+ million TVs with Latest HDTV Licensee
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Insights
WiSA Technologies' new licensing agreement with a leading HDTV brand represents a strategic move in the audio and visual (A/V) technology sector. The deal, which spans five years, allows the licensee to integrate WiSA E wireless audio transmitter technology into their products, potentially enhancing the brand's competitive edge in the market. It is essential to assess the market demand for wireless immersive audio options, as this technology is becoming increasingly popular among consumers seeking a high-quality home entertainment experience.
By securing a deal with a top HDTV brand, WiSA Technologies may see an uptick in its market share and brand recognition. The licensing model could also generate a steady stream of revenue over the contract period, which is beneficial for long-term financial stability. However, the impact on WiSA's financials will depend on the royalty rates and the market adoption rate of the licensed technology. If the technology becomes a standard feature in HDTVs and other A/V devices, it could lead to significant growth opportunities for WiSA.
The announcement of WiSA Technologies' licensing agreement could be a positive indicator for investors, reflecting the company's ability to monetize its WiSA E technology. Licensing deals are a preferred revenue model for tech companies, offering high-margin income with relatively low ongoing costs. The agreement's duration provides a predictable revenue stream, which is favorable for financial planning and valuation purposes.
Investors should monitor the subsequent quarterly earnings reports for indications of the deal's financial impact. The adoption rate by the licensee and potential expansion into other A/V categories, such as set-top boxes, will be critical in evaluating the long-term revenue potential. Any increase in licensing partners could signal market validation and scalability of the technology, potentially leading to upward revisions in future earnings projections.
WiSA E technology's interoperability with a broad range of speakers and A/V devices is a significant technological advancement in the home entertainment industry. The ability to deliver high-quality wireless audio without compatibility issues is a key selling point for consumers. As more devices become WiSA E-enabled, the standard could become more attractive to other manufacturers, potentially creating a network effect that benefits WiSA Technologies.
It is also worth noting the potential for WiSA E technology to influence future A/V product designs. Manufacturers may prioritize wireless audio capability, leading to innovation in product development. The technology's impact on industry standards and consumer expectations will be an area to watch, as it could dictate the direction of future technological advancements in the sector.
WiSA Technologies Secures 5-Year WiSA E Licensing Deal with a Second Top 5 HDTV Brand
"We are thrilled to welcome our third display licensee for WiSA E software,” said Tony Ostrom, president of the WiSA Association. “The positive market reaction to our software has exceeded our expectations, and the enthusiasm for our licensing model has been extraordinary. We anticipate continuing to add new display licensees and fully expect the licensing model to extend into other A/V categories, such as set-top boxes.”
WiSA E offers a comprehensive array of audio features that sets the standard for optimal audio experiences across various devices such as HDTVs, soundbars, projectors, mobile devices, set-top boxes, and speakers. For licensees, WiSA E represents a fully integrated audio solution that spans the entire sound ecosystem.
Learn more about WiSA E and the WiSA Licensing Program
For more information about WiSA E wireless audio software and 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
© 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®, 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
View source version on businesswire.com: https://www.businesswire.com/news/home/20240116240524/en/
Tony Ostrom
tostrom@wisatechnologies.com
Source: WiSA Technologies, Inc.
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