WiSA E Leaves an Impressive Mark on CES Attendees
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Insights
The recent advancements by WiSA Technologies in wireless multichannel audio software are indicative of the company's strategic positioning within the home entertainment and intelligent devices market. The scalability and embeddability of WiSA E software demonstrate a clear shift towards software-driven solutions in audio technology, which could disrupt traditional hardware-centric business models. By embedding WiSA E into a variety of devices with minimal hardware costs, the company is expanding its market reach and potentially increasing its addressable market.
Moreover, the introduction of new revenue models, such as the option for consumers to activate multichannel audio functionality, presents a recurring revenue opportunity for WiSA Technologies. This could lead to an increase in customer lifetime value and enhance the company's revenue stability. The licensing agreements with leading display companies further solidify WiSA's market position and could lead to increased market penetration and brand recognition.
However, investors should consider the competitive landscape and the potential for market saturation with similar technologies. Additionally, the adoption rate of such software-based solutions by consumers and the actual impact on WiSA's financials will be critical to monitor in subsequent quarters.
WiSA Technologies' performance at CES and the subsequent licensing agreements are likely to have positive implications on the company's financial outlook. By securing a 5-year license with three leading display companies, WiSA is ensuring a steady stream of licensing revenue, which can contribute positively to both top-line growth and margin expansion. This long-term commitment from display manufacturers also provides a level of predictability in revenue forecasting, which is favorable for investor sentiment.
Furthermore, the integration of WiSA E into various consumer electronics without significant hardware cost implies a lower barrier to entry for potential partners, which could lead to more rapid adoption and market penetration. This increased adoption, in turn, could lead to economies of scale and potentially lower operational costs for WiSA Technologies.
Investors should closely watch the company's upcoming financial statements for increases in revenue and any changes in the cost structure that may reflect the impact of these recent developments. Additionally, the market's reception of these new product integrations and consumer uptake will be crucial for translating technological innovation into financial performance.
The technological innovation represented by WiSA E's software-based solution is substantial, as it allows for a more flexible and cost-effective approach to delivering high-quality audio experiences. The collaboration with Fraunhofer's upHear Flexible Rendering software is particularly noteworthy, as it represents a partnership that enhances the value proposition of WiSA's offering through improved spatial sound.
From an industry perspective, the ability to embed WiSA E into a wide range of devices, from Android streaming sticks to HD projectors, indicates a significant shift towards interoperability and user-centered design in consumer electronics. This aligns with broader industry trends of seamless connectivity and the Internet of Things (IoT).
However, the success of WiSA E will depend on the standard's adoption by manufacturers and the compatibility with existing home entertainment setups. The ease of integration into existing ecosystems and the consumer's perceived value of the enhanced audio experience will be critical factors influencing the technology's adoption rate.
Software-Based Multichannel Audio Drives Innovation Across New Use Cases and Product Categories
"We were blown away by the overwhelmingly positive reaction to WiSA E,” said Tony Parker, vice president of technical marketing and strategy. “Our customers have never seen wireless multichannel audio capabilities in so many different product categories. It just goes to show the power of software that can be embedded into devices with little or no additional hardware costs. WiSA E not only enables many more product categories to offer multichannel audio capabilities, but it also opens the door for new revenue models for our customers.”
Key demonstrations of WiSA E versatility included:
- WiSA E embedded onto a low-cost Android streaming media stick enabling 2.1 high-quality multichannel audio with no change to existing hardware
- WiSA Connect enables consumers to connect any source to any speaker at any time and any place
- WiSA E working in conjunction with Fraunhofer’s upHear Flexible Rendering software which provides optimal spatial sound and widens the acoustic space by connecting multiple speakers
- WiSA E embedded into set-top boxes and streaming media hubs allow STB manufacturers access to functionality with no additional hardware cost
- WiSA E embedded onto the Amlogic S905X4 application processor which is tailored for Android OTT/IP set-top box and high-end media box applications
- WiSA E software embedded into an HD projector enabling back-of-the-room projectors to transmit audio to the front of the room wirelessly
- WiSA E embedded into multiple HDTVs enabling TVs to connect to immersive speaker systems without an HDMI cable
- WiSA E embedded into Android mobile phone and tablet demonstrating the ease at which you can switch audio sources to streaming video quality audio to speakers with WiSA E modules
- WiSA Connect software that keeps track of all the WiSA devices within a home utilizing the home access point while seamlessly managing connectivity and communication between clients & speakers.
Additionally, embeddable WiSA E software opens new business models for manufacturers by giving consumers the option to activate multichannel audio functionality and connect their WiSA E-enabled devices to any WiSA E-enabled speaker.
As of the end of CES 2024, WiSA Technologies had announced 3 leading display companies who have signed a 5-year WiSA E license.
For more information about WiSA E wireless audio software, contact Tony Parker, vice president of technical marketing and strategy at tparker@wisatechnologies.com.
Find out more about WiSA Technologies and its range of products and services at 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/20240123734901/en/
Tony Parker, Vice President of Technical Marketing and Strategy
tparker@wisatechnologies.com
Source: WiSA Technologies, Inc.
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