Summit Wireless Technologies (WISA) Stock Climbs On Product Launch

Summit Wireless Technologies WISA Stock News

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Summit Wireless Technologies (NASDAQ: WISA) is headed for the top early on in the premarket hours this morning, and for good reason. The company announced the commercial launch of it’s Wireless Sound Association (WiSA)-branded product yesterday, followed by yet another product launch announcement this morning. Here’s what’s going on:

WISA Stock Jumps As Products Hit The Sales Floor

As mentioned above, Summit Wireless Technologies stock is headed for the top in the early hours this morning, primarily driven by the launch of a new wireless home cinema bundle complete with its WiSA SoundSend audio transmitter. 

The bundle not only comes with the newly launched transmitter, it includes the Tuned by THX Monaco 5.1 immersive Wireless Home Audio System from Platin Audio. The bundle is currently available for purchase at Amazon, Newegg, and eBay. Later this week, WiSA said that the bundle will be offered at Target. 

If you’re interested in getting your hands on the bundle, do so with this special holiday promotion, which will run through December 31, 2020. 

In a statement, Tony Ostrom, President at WiSA, had the following to offer:

We are thrilled to see the Platin Monaco and SoundSend bundle become available this season. This great home cinema system is capable of delivering incredible experiences and incorporates virtual Dolby Atmos capabilities as well as the ability to create a designated sweet spot in a room thanks to SoundSend’s My Zone calibration feature. With the help of SoundSend, Monaco can be connected to 100s of millions of smart TVs in only a few minutes. 

The Bundle Comes On The Heels Of The SoundSend Launch

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As mentioned above, the new bundle hitting sales floors this morning comes on the heels of a huge announcement that took place yesterday. Summit Wireless Technologies announced that SoundSend was made commercially available at just $179. This gives sound enthusiasts the ability to seamlessly connect wireless sound to any smart television. 

In a statement, Tony Ostrom, President at WiSA, had the following to offer:

SoundSend opens a broad new market for speaker manufacturers to offer smart surround sound solutions with its low cost and simple setup, eliminating the need for A/V consoles, this small, impactful home cinema transmitter now enables the creation of immersive home theater experiences through a simple connection for all Smart TVs, a massive market for SoundSend. In addition, WiSA, with over 60 brand members, now has a significant and growing number of WiSA Certified home cinema speaker solutions. Premium audio brands like Klipsch, Bang & Olufsen, Bouchard, Harman and System Audio will be able to soft bundle with SoundSend at retail to offer consumers a high fidelity audio experience with a simple two-step connection. 

The Bottom Line 

The bottom line here is simple. Summit Wireless Technologies and its WiSA association are changing the game in home sound. The need to hire someone for the complex wiring of a home theater sound system is now a thing of the past, and all the major brands are jumping onboard. As the company continues to innovate and bring quality home sound to all, it only makes sense that we’ll see dramatic growth ahead. 

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Disclosure: CNA Finance, parent company to Alpha Stock News, has a monetary relationship with Summit Wireless Technologies that resulted in this article.

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