WiSA Technologies (NASDAQ: WISA) stock soared over 50% in intraday trading Wednesday after the company inked a new licensing agreement with a leading HDTV/PTV brand.
The WiSA Association, a branch of WiSA Technologies (WISA), has signed a new licensing agreement with a leading HDTV/PTV brand. This latest partnership marks the fourth major collaboration in WiSA’s portfolio and aims to enhance consumer access to wireless immersive audio options.
The agreement, spanning five years, entails the integration of WiSA E software into the products of the HDTV/PTV brand. WiSA E technology offers a comprehensive suite of audio features across a diverse range of devices. These include HDTVs, PTVs, soundbars, mobile devices, set-top boxes, and speakers, guaranteeing complete interoperability with WiSA E-enabled speakers from various brands. The software, fostering extensive adoption and compatibility, is compatible with four HDTV SoC providers: Realtek, Amlogic, Mediatek, and Novatek.
Tony Ostrom, the president of the WiSA Association, has voiced his pleasure with the new alliance. He highlighted the growing recognition of the value proposition offered by WiSA E technology and the company’s licensing model. Ostrom underscored the growing demand for superior wireless audio solutions and WiSA E’s role in spearheading a new epoch of audio technology for immersive experiences.
WiSA Technologies (NASDAQ: WISA) Stock Reaction
At the time of publication, WISA stock has surged 51.64% to $9.25 compared to the previous trading session. Traders have exchanged 67,461,284 (67.46 million) shares, significantly higher than the average daily trading volume of 3.39 million.
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