WiSA E Tech Revolutionizes Audio in HDTVs: Major Brand Secures 5-Year License
Portfolio Pulse from Benzinga Newsdesk
WiSA Technologies, Inc. (NASDAQ:WISA) has secured a 5-year license agreement with a major global brand, which sells over 10 million HDTVs annually, to use WiSA E software for wireless immersive audio in HDTVs. This deal enables interoperability with WiSA E-enabled speakers from various WiSA Association brands.
December 04, 2023 | 11:04 am
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WiSA Technologies has entered into a 5-year licensing agreement with a major HDTV brand, which could significantly boost its market presence and revenue through the integration of its WiSA E software in potentially millions of HDTVs.
The licensing agreement is directly with WiSA Technologies, and given the scale of the licensee's HDTV sales, this partnership could lead to a substantial increase in WiSA's market penetration and revenue. The positive impact is likely to be significant as it opens up a large market for WiSA's technology, and the news could be well-received by investors, potentially driving the stock price up in the short term.
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