WiSA Adds Three New Members to its Growing Roster, Includes Foxconn Technology Group

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Innovo Audio Designs & System Audio also join the Association as adoption of WiSA Ready platform gains momentum

SAN JOSE, Calif.--(BUSINESS WIRE)-- WiSA® LLC, WiSA, the (Wireless Speaker and Audio) Association, an industry group comprised of over 40 leading brands including founding member Summit Wireless Technologies (NASDAQ: WISA), today announces Foxconn Technology Group, Innovo Audio Designs and System Audio as its newest members. The strong and growing list of WiSA members is largely driven by the Association’s WiSA Ready platform. These new members will help further the adoption and availability of the perfect immersive home audio experience for consumers around the globe.

  • Foxconn Technology Group: As the owner of Sharp Corporation, their membership rejoins a founding member, Sharp, to WiSA. As a multinational electronics contract manufacturing giant, Foxconn is known for joint-design, joint-development, manufacturing, assembly and after-sales services to the worldwide consumer electronics industry. The addition of Foxconn further expands WiSA’s footprint in the Asia-based manufacturing industry with Eastech, Hansong and GGEC also serving as members.
  • Innovo Audio Designs: Specializing in the creation of innovative consumer products, Innovo Audio Designs provides services from ideation, design, manufacturing, marketing, and sales to encompass the complete product development solution. With over 30 years of experience in product design, embedded systems, and new media marketing, Innovo Audio Designs helps its customers bring their ideas to life.
  • System Audio: System Audio is a multi-award-winning loudspeaker brand that was established in Denmark in 1984. The brand’s speakers are well-known for their simple Scandinavian design, superb build quality and extraordinary sound. System Audio values tradition and craftmanship as well as modern innovative technologies. Its vision is to bring music and movie lovers closer to the artists and away from technological complexity.

As WiSA members, these companies will have access to the WiSA specification, technical support, testing protocols and additional partners to bring interoperable, wireless home theater products to market.

“Our newest members bring meaningful experience, versatility and scalability to our member roster,” said Tony Ostrom, president of WiSA. “Given our explosive member growth this year, we have gained critical mass and are eager to assist our members in launching a broad range of innovative products that support a global movement in support of wireless audio. The recent momentum is also a testament to the success of our WiSA Ready certification.”

The WiSA Association and its members are committed to revolutionizing the home entertainment experience by delivering immersive, uncompressed, high-definition, multichannel sound through the universal standards established and certified by the WiSA Association.

In support of its mission, the Association recently launched the new WiSA Ready certification, which clearly identifies entertainment sources – such as TVs, gaming systems or computers – that are equipped to deliver up to eight channels of high-definition wireless audio to WiSA Certified speakers when connected with a WiSA USB transmitter. This new program simplifies consumer set-up and reduces costs by replacing AV receivers with a low-cost USB accessory.

For more information about the WiSA Association, its technology and products, please visit www.wisaassociation.org.

About WiSA, LLC

WiSA, the (Wireless Speaker and Audio) Association is a consumer electronics consortium dedicated to creating interoperability standards utilized by leading brands and manufacturers to deliver immersive sound via intelligent devices. WiSA Certified components from any member brand can be combined to dramatically increase the enjoyment of movies and video, music, sports, gaming/esports, and more. WiSA also ensures robust, high definition, multi-channel, low latency audio while eliminating the complicated set-up of traditional audio systems. For more information about WiSA, please visit: www.wisaassociation.org.

About Summit Wireless Technologies, Inc.

Summit Wireless 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, Klipsch, Bang & Olufsen, Xbox, a subsidiary of Microsoft, and others, Summit Wireless delivers seamless, dynamic audio experiences for high-definition content, including movies and video, music, sports, gaming/esports, and more. Summit Wireless is a founding member of WiSA, the Wireless Speaker and Audio Association and works in joint partnership to champion the most reliable interoperability standards across the audio industry. Summit Wireless, formerly named Summit Semiconductor, Inc., is headquartered in San Jose, CA with sales teams in Taiwan, China, Japan, and Korea. For more information, please visit: www.summitwireless.com

Dittoe Public Relations for WiSA
Ashley Eggert, +1 317 202 2280
ashley@dittoepr.com
or
LHA Investor Relation
Kirsten Chapman, +1 415 433 3777
summit@lhai.com

Source: Summit Wireless Technologies, Inc.

Released November 6, 2018