WiSA at CEDIA 2023: More Brands, More Products, More Technologies

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WiSA’s ecosystem continues to expand as new core WiSA technologies enter the market

BEAVERTON, Ore.--(BUSINESS WIRE)-- WiSA Technologies, Inc. (NASDAQ: WISA), a leading provider of immersive, wireless sound technology for intelligent devices and next-generation home entertainment systems, enters CEDIA 2023 with a large number of newly certified WiSA-compliant products, a complete suite of wireless audio solutions tailored to meet the wide range of customer requirements and a WiSA Association membership base actively engaged in bringing WiSA-enabled products to market.

Additionally, the first WiSA DS-enabled soundbar capable of a full Atmos 5.1.4 immersive audio experience will be debuted at CEDIA in September.

“We are very excited about the upcoming CEDIA show,” said Tony Ostrom, president of the WiSA Association. “Across the show floor you’ll see new products using WiSA’s technology and more companies joining the WiSA Association and taking advantage of WiSA’s wireless audio interoperability standard to connect their products to the growing number of WiSA-enabled sources.”

The expansion follows the launch of WiSA Technologies’ latest Wi-Fi compatible, WiSA DS and WiSA E software multichannel wireless audio solutions. WiSA DS is a cost-effective 5-channel wireless audio transceiver; WiSA E is the more powerful 8-channel solution and development kits for WiSA E are now available. Since both solutions are software-based, TVs and soundbar systems can embed the WiSA software into the existing processors, lowering the overall cost of implementation.

“We will be showing the world’s first 5.1.4 Atmos-compatible soundbar from Platin Audio that uses WiSA DS as its wireless transport,” said Ostrom. “With left and right up-firing speakers in both the front and rear, this product is a perfect example of the price performance advantages of using WiSA DS.”

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 Beaverton, OR with sales teams in Taiwan, China, Japan, Korea, and California.

About WiSA, LLC

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.

© 2023 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. Our actual results, performance or achievements may differ materially from those expressed or implied by these forward-looking statements. In some cases, you can identify 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 revenue growth, production, stores and launches, are necessarily based upon estimates and assumptions that, while considered reasonable by us and our management, are inherently uncertain. As a result, 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 impacting WiSA Technologies’ business, including the interoperability of WiSA E software, current macroeconomic uncertainties associated with the COVID-19 pandemic; our inability to predict or measure supply chain disruptions resulting from the COVID-19 pandemic and other drivers; our ability to predict the timing of design wins entering production and the potential future revenue associated with our design wins; our success in porting WiSA E software to various platforms; our rate of growth; our ability to predict direct and indirect customer demand for our existing and future products and to secure adequate manufacturing capacity; our ability to hire, retain and motivate employees; the effects of competition, including price competition within our industry segment; technological, regulatory and legal developments that uniquely or disproportionately impact our industry segment; developments in the economy and financial markets and other risks detailed from time to time in WiSA Technologies’ filings with the Securities and Exchange Commission.

For sales and development kits, contact James Cheng, vice president of sales at WiSA Technologies, at jcheng@wisatechnologies.com.

For membership and new product information, contact Tony Ostrom, president of WiSA Association, at tostrom@wisatechnologies.com.

For retail programs, contact Jim Flaherty, vice president of brand partnerships and channel management, at jflaherty@wisatechnologies.com.

For more information about WiSA Technologies, visit www.wisatechnologies.com.

Source: Summit Wireless Technologies

Released August 8, 2023