WiSA Strikes Game-Changing Fifth WiSA E Licensing Deal With Global Consumer Electronics Leader; Licensing Revenue Will Include Royalty Payments On Transmitting Software And Engineering Services; Production Targeted For 2H 2024
Portfolio Pulse from Benzinga Newsdesk
WiSA Technologies, Inc. (NASDAQ:WISA) has announced a significant licensing agreement with a top-three consumer electronics leader for its WiSA E software, marking the fifth such deal. This agreement allows the licensee to embed WiSA E's immersive audio functionality into their devices, eliminating the need for additional hardware. Consumers can activate this feature by purchasing compatible speakers, creating a new revenue stream for WiSA through royalty payments and engineering services. Production of these devices is expected in the second half of 2024.
April 18, 2024 | 12:48 pm
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WiSA Technologies, Inc. has entered into a pivotal licensing agreement with a leading consumer electronics company for its WiSA E software, promising new revenue streams from royalty payments and engineering services.
This licensing agreement represents a significant milestone for WiSA Technologies, as it not only validates the company's strategic pivot from hardware to software but also opens up new revenue streams through royalty payments and engineering services. The deal with a top-three consumer electronics leader indicates strong industry support and potential for widespread adoption, which could significantly boost WiSA's financial performance and stock price in the short term, especially as production is targeted for the second half of 2024.
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