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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.
Summit Wireless Technologies, Inc. (NASDAQ: WISA) reported a strong Q3 2020, with a 45% revenue increase year-over-year and a gross margin improvement from 7.6% to 17.1%. The company added 7 new WiSA members, including major brands like SKYWORTH and Hisense, and anticipates further growth as holiday season approaches. Cash reserves stand at $9.1 million. CEO Brett Moyer expressed confidence in exceeding 100% revenue growth in Q4 2020. WiSA's new product, SoundSend, aims to enhance consumer experiences with smart surround sound systems.
WiSA, founded by Summit Wireless Technologies (NASDAQ: WISA), has welcomed Hisense into its community of over 60 consumer electronics brands, aiming to expand its retail presence in North America. Hisense, the top TV brand in China, reported a 139% sales increase in the U.S. in 2020. Joining WiSA allows Hisense to work on global standards for low-latency, multi-channel audio, enhancing consumer experiences in home cinema technology. This partnership signifies a strategic growth opportunity for both WiSA and Hisense.
Summit Wireless Technologies, Inc. (Nasdaq: WISA), a pioneer in immersive wireless sound technology, announced that President and CEO Brett Moyer will participate in three upcoming conferences. The events include the Trickle Research Rocky Mountain Microcap Conference on November 10 at TopGolf, the Investor Summit Fall Conference on November 16-17 with a webcast presentation, and the Benchmark Discovery One-on-One Investor Conference on November 18 featuring virtual meetings. Presentation materials will be accessible via the company's website.
Summit Wireless Technologies, Inc. (NASDAQ:WISA) will hold a conference call on November 10, 2020, at 7:30 a.m. PT / 10:30 a.m. ET to discuss its third-quarter results and provide a business update. Interested participants can join the call by dialing 877-423-9813 or 201-689-8573, using code 13711981. The call will be accessible via a live webcast on their investor relations website and will be archived for one year. Summit Wireless is known for its innovative wireless sound technology in home entertainment systems and is a founding member of the WiSA Association.
WiSA LLC, a subsidiary of Summit Wireless Technologies (NASDAQ: WISA), has announced the launch of a wireless home cinema bundle featuring the WiSA SoundSend transmitter and the Platin Monaco 5.1 Immersive Wireless Home Audio System. Priced at $899, the bundle will be available for purchase starting November 2020 on Amazon. The system promises easy setup and immersive audio experience, with capabilities for virtual Dolby Atmos performance and excellent audio quality, making it appealing for both audio enthusiasts and novices.
WiSA LLC, founded by Summit Wireless Technologies (NASDAQ: WISA), reported significant growth in Q3 2020, with unique website visitors up 112% from Q2 and 191% from Q1. The association's digital marketing efforts have resulted in increased consumer engagement, with 35% of visitors interacting with member sites. Social media visits surged 143% from Q2 and 562% from Q1. This growth highlights the rising interest in wireless audio solutions, as WiSA aims to educate consumers on its certified products, ultimately positioning itself as a leading association in the home cinema category.
WiSA LLC, founded by Summit Wireless Technologies (NASDAQ: WISA), announces the launch of the WiSA SoundSend audio transmitter, slated for November 2020. Priced at $179, SoundSend connects to smart TVs, enhancing access to wireless multichannel audio. It pairs effortlessly with WiSA Certified speakers and eliminates complex setups, allowing users to enjoy high-definition audio without WiFi. Features include speaker calibration for optimal sound and support for Dolby formats. This innovation reinforces WiSA’s commitment to high-resolution audio standards.