Summit Wireless Technologies (WISA) Stock: Gaining Steam on Product Launch

Summit Wireless Technologies WISA Stock News

Summit Wireless Technologies Inc (NASDAQ: WISA) is quickly becoming a cornerstone in an evolution of how we view home sound technology. Today, the company announced a product launch including Platin audio speakers that leverage its technology, further solidifying its position within the evolution. Here’s what’s going on:

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WISA Stock Is One to Watch on Product Launch

In the press release, WiSA announced the launch of a wireless home cinema bundle complete with the WiSA SoundSend transmitter and the Tuned by THX Monaco 5.1 Immersive Wireless Home Audio System from Platin. The SoundSend transmitter is the Association’s first branded product. 

In the release, Summit Wireless Technologies said that the bundle will be available for purchase in November of 2020 on Amazon for $899. Pre-orders can be placed immediately at Platin Audio’s website

Summit went on to explain that the Monaco 5.1 WiSA SoundSend system gives users immersive, theater-quality experiences made possible by WiSA Certified speakers and the HDMI (or optical)-connected transmitter. As a result, the consumer enjoys effortless setup, providing them with high quality sound in less than ten minutes. 

Importantly, the SoundSend transmitter by WiSA is a universal wireless multi channel home cinema audio transmitter. SoundSend was designed to enable simple, yet amazing, home entertainment experiences for owners of any brand of smart TV. 

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

The Association is excited that the WiSA Certified™ Monaco 5.1 system, a complete surround sound solution, will be the first to be bundled with the new WiSA SoundSend transmitter. With the help of the SoundSend, the home theater bundle offers 5.1 high-resolution audio and is also capable of virtual Dolby Atmos performance. The entire system can be set up in minutes to create a cinema in your home. The bundle will entice audio enthusiasts and novices alike with its wireless capabilities and uncomplicated installation process.

The Bottom Line

The bottom line here is simple, Summit Wireless Technologies is making waves in the home entertainment industry. This product launch is significant because SoundSend is the first WiSA Association branded product. However, the news represents much more than that. 

Platin is a massive player in home audio, and has been a supporter of the work WiSA is doing for some time. The company has invested massive amounts of time, money, and effort into being one fo the first to offer WiSA connectivity across a line of quality products, seeing an opportunity in the technology the Association is centered around. 

With the launch of the WiSA/Platin, the two companies are offering consumers a competitive alternative to unidirectional sound bars at a competitive price. As a result, the bundle has the potential to greatly expand awareness of WiSA technologies. 

Moreover, the fact that SoundSend is the first branded WiSA product means that the door is open to a new revenue stream. 

All in all, no matter how you look at it, this is great news. 

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CNA Finance, parent company to Alpha Stock News, has a financial relationship with Summit Wireless Technologies.

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