Summit Wireless Technologies WISA Stock News

Summit Wireless Technologies Inc (NASDAQ: WISA) is making a run for the top in the market this morning, and for good reason. The company announced WiSA certification for new LG products. Here’s what’s going on:

Stop wasting your time! Start finding winning trades in minutes with Trade Ideas!

WISA Stock Climbs On LG Certification

In the press release, Summit Wireless Technologies announced WiSA Ready Certification for all four 2020 8K televisions in the LG lineup. These include LG OLED ZX and LG NanoCell NANO 99 series televisions.

With the announcement LG continues to support the WiSA Association and the integration of the WiSA Ready standard with their premium televisions. Ultimately, this solidifies LG’s position as a leader in integration of immersive audio connectivity.

In the release, the company said that all WiSA Ready LG TVs easilly connect to WiSA USB Transmitters. This allows for seamless audio and control communication with all WiSA Certified speakers as well as the simple creation of immersive home audio experiences.

The new 8K LG televisions models join LG OLED and LG NanoCell 4K models from 2019 and 2020, helping LG to grow their strong lineup of WiSA Ready models. Importantly, the new models come with a feature that allows ultimate control over audio. In fact, the user can adjust the output level of each audio channel to fine tune the audio system to the environment and the listener’s preferences.

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

We are honored and excited to have these stunning new TVs sitting at the head of the WiSA Ready class. LG continues to solidify their leadership position as we see their TVs harness more and more capabilities and position themselves at the center of the home entertainment experience.

The above statement was followed up by Tim Alessi, head of product marketing at LG Electronics. Here’s what he had to say:

The LG OLED ZX and LG NanoCell NANO 99 TV models are redefining the top tier of home entertainment technology. These new TVs feature incredible 8K OLED and NanoCell technology housed in beautiful, modern designs and, with WiSA Ready technology, the ability to easily connect to amazing audio systems from multiple brands allowing users to immerse themselves in their favorite content.

This News Is Huge

Ultimately, this news is huge for Summit Wireless Technologies, its investors, and the WiSA Association as a whole. LG is one of the leading television manufacturers around the world. The fact that the company has signed on for its products to be WiSA Ready certified for the second year in a row further solidifies LG’s and WiSA’s position as a cornerstone in the evolution of home entertainment. All in all, this is a stock that’s well worth watching.

Stop wasting your time! Start finding winning trades in minutes with Trade Ideas!

Get Free Alerts

Join our free mailing list to receive stock alerts!

This website/newsletter is owned, operated and edited by CNA Finance, LLC. Any wording found in this e-mail or disclaimer referencing to “I” or “we” or “our” or “CNA Finance” refers to CNA Finance, LLC. This webpage/newsletter is a paid advertisement, not a recommendation nor an offer to buy or sell securities. Our business model is to be financially compensated to publish information and promote small public companies. By reading our newsletter and our website you agree to the terms of our disclaimer, which are subject to change at any time. We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature and are unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis for making investment decisions and is for entertainment purposes only. At most, this communication should serve only as a starting point to do your own research and consult with a licensed professional regarding the companies profiled and discussed. Conduct your own research. Companies with low price per share are speculative and carry a high degree of risk, so only invest what you can afford to lose. By using our service you agree not to hold our site, its editor’s, owners, or staff liable for any damages, financial or otherwise, that may occur due to any action you may take based on the information contained within our newsletters or on our website. We do not advise any reader to take any specific action. Losses can be larger than expected if the company experiences any problems with liquidity or wide spreads. Our website and newsletter are for entertainment purposes only. Never invest purely based on our alerts. Gains mentioned in our newsletter and on our website may be based on end-of-day or intraday data. This publication and their owners do not own any shares in stocks mentioned unless stated in page disclosures. If we own any shares we will list the information relevant to the stock and number of shares here. CNA Finance, parent company to Alpha Stock News, receives payment to publish content and promote publicly traded companies. Pursuant to an agreement between CNA Finance and Summit Wireless Technologies, CNA Finance has been hired for a period beginning on 6/1/20 and ending on 6/21/20 to conduct digital advertising and marketing and publicly disseminate information about WISA via Websites and Email. We have an agreement and have been paid two thousand five hundred dollars via bank wire transfer to cover the cost of content production and other services. This compensation is a major conflict of interest in our ability to be unbiased regarding. Therefore, this communication should be viewed as a commercial advertisement only. Any non-compensated alerts are purely for the purpose of expanding our database for the benefit of our future financially compensated digital outreach efforts. Frequently companies profiled in our alerts may experience a large increase in volume and share price during the course of digital outreach marketing, which may end as soon as the marketing ceases. Our emails may contain forward-looking statements, which are not guaranteed to materialize due to a variety of factors. We do not guarantee the timeliness, accuracy, or completeness of the information on our site or in our newsletters. The information in our email newsletters and on our website is believed to be accurate and correct, but has not been independently verified and is not guaranteed to be correct. The information is collected from public sources, such as the profiled company’s website and press releases, but is not researched or verified in any way whatsoever to ensure the publicly available information is correct and Summit Wireless Technologies has not approved the content of this site. Furthermore, CNA Finance often employs independent contractor writers who may make errors when researching information and preparing these communications regarding profiled companies. Independent writers’ works are double-checked and verified before publication, but it is certainly possible for errors or omissions to take place during editing of independent contractor writer’s communications regarding the profiled company(s). You should assume all information in all of our communications is incorrect until you personally verify the information, and again are encouraged to never invest based on the information contained in our written communications. The information in our disclaimers is subject to change at any time without notice.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.