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WiSA Technologies has become Datavault AI Inc., a Nasdaq-listed technology company organized around data science and acoustic science products for asset visualization, valuation and monetization. Its news centers on the completed corporate rebranding, the move from the WISA ticker to DVLT, and commercialization of Datavault, ADIO and WiSA technologies.
Company updates also cover the Information Data Exchange® platform, Digital Twins, name, image and likeness licensing, blockchain-linked metadata, ADIO® tones, DVHolo™ holographic displays and WiSA E Express wireless audio software. Recurring announcements include licensing agreements, customer and event collaborations, public-safety and sports-related uses, and integration of acoustic and Web 3.0 data technologies across commercial markets.
Platin Audio's Monaco 5.1.2 system, featuring WiSA SoundSend, has been awarded the 2022 CE Pro BEST Award at the CEDIA Expo. This system is the first wireless audio solution to incorporate Dolby Atmos up-firing speakers, aimed at delivering immersive audio experiences for both movies and gaming. It retails for $1,499 and is set for release in mid-October 2022 with pre-orders available now. The recognition underscores innovation and functionality in the custom electronics industry, highlighting advances despite supply chain challenges.
WiSA Technologies announced the WiSA SoundSend Certification for several LG OLED TV models, including the C2 and G2. This certification confirms the TVs' compatibility with the WiSA SoundSend wireless audio transmitter, allowing seamless connection and synchronized audio experiences. The certification enhances the functionality of LG's acclaimed OLED TVs, promoting interoperability with WiSA technology. The WiSA SoundSend has received multiple awards and simplifies setup, enabling users to create immersive home theater experiences.
Platin Audio has launched the Monaco 5.1.2 wireless audio system, featuring WiSA technology and Dolby Atmos support. This groundbreaking system is the first of its kind to be fully immersive and multichannel, designed for high-quality home cinema experiences. It integrates up-firing speakers and incorporates Dolby specifications, ensuring an unmatched audio experience. The Monaco 5.1.2 will retail for $1,499, with pre-orders currently available online. The new system aims to position Platin Audio as a leader in the evolving home audio sector.
WiSA Technologies, Inc. (NASDAQ: WISA), a leader in spatial audio wireless technology, will participate in the H.C. Wainwright & Co. 24th Annual Global Investment Conference from September 12-14, 2022, in New York City. President and CEO Brett Moyer is scheduled to present on September 14 at 11:00 AM ET and will hold in-person and virtual meetings on September 13 and 14. Presentation materials and a webcast link will be available on their Investor Relations website.
WiSA Technologies (Nasdaq: WISA) reported a 67% revenue increase in Q2 2022 compared to Q1 2022, totaling $0.9 million. Despite this growth, revenue declined from $1.6 million in Q2 2021. WiSA DS technology is gaining traction with 12 companies exploring 15 potential projects. The firm anticipates sequential growth in Q3 and Q4 2022, but cautions of challenges from parts shortages and fluctuating consumer demand. With $4.8 million in cash as of June 30, 2022, WiSA has secured a $3 million convertible security funding agreement, bolstering its financial position for future operations.
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WiSA Technologies, Inc. (Nasdaq: WISA) has announced a $3.6 million senior secured convertible note and warrant issuance to Lind Global Macro Fund, LP. The offering will provide $3.0 million in immediate gross proceeds for general working capital. This convertible security is secured by a first priority lien on most of WiSA's assets and can convert into common stock at $0.93 or 90% of the lowest five VWAPs in the previous 20 trading days. The investor also received a five-year warrant to acquire approximately 2.1 million shares at $1.00 each.
WiSA LLC, a subsidiary of WiSA Technologies (NASDAQ: WISA), announced that Hisense's 2022 U7H and U8H Series TVs have received WiSA SoundSend Certification. This certification ensures seamless connectivity between smart TVs and the WiSA SoundSend wireless audio transmitter. The U7H and U8H models allow users to enjoy high-definition multi-channel audio, enhancing home cinema experiences. WiSA aims to promote immersive audio experiences through collaborations with brands like Hisense. The WiSA SoundSend has received multiple awards, including the 2022 Mark of Excellence award.
WiSA Technologies, Inc. (NASDAQ: WISA) will report its second quarter 2022 results on August 15, 2022, before the market opens. A conference call will be held at 9:00 a.m. PT to discuss the results and provide updates. Participants can listen live by dialing 669-900-6833 and entering the meeting ID 95912577140, with passcode 369678. A live webcast will also be available on the company's investor relations website. WiSA Technologies specializes in wireless sound technology and partners with leading brands to enhance home entertainment experiences.
WiSA Technologies, a leader in wireless audio technology, announced the successful testing of its DS 2.4 GHz multichannel wireless audio module. Conducted by Novus Labs, the testing reveals that the DS module outperforms competitive 5 GHz solutions in reliability, especially in congested Wi-Fi environments. The module maintains audio quality even under heavy network traffic, with performance improvements of 1.5 to 3 times compared to competitors. This cost-effective solution supports multiple audio channels, making it ideal for modern home theater systems.