Slide 1: Summit Wireless, August 2019
SUMMIT WdtR €.Leé is s August 2019
Slide 2: Forward-Looking Statements
Forward - Looking Statements This presentation includes forward - looking statements within the meaning of the Private Securities Litigation Reform Act that reflect our current views with respect to, among other things, our operations, business strategy, interpretation of prior development activitie
Slide 3: WiSA patented technology powers top consumer electronics brands
27 WiSA patented technology powers top consumer electronics brands to deliver wireless immersive sound 3 1
Slide 4: Why are top brands supporting WiSA?
Why are top brands supporting ? 6
Slide 5: Audio is Separating From Devices
Audio is Separating From Devices 1. Bigger 2. Thinner 3. Higher Resolution Great video, but POOR or NO SOUND 7
Slide 6: Sound is Key to Optimizing the Experience
Sound is K ey to Optimizing the Experience of… SPORTS TV SHOWS CONCERTS MOVIES GAMING ALL COMING INTO THE HOME IN 5.1 OR GREATER 8
Slide 7: Multi-Channel Audio Content Here Now
Multi - Channel Audio Content Here Now Multiple Content Streams >8 0% of Streaming content is multi - channel audio! Multi - channel: Stereo, 2.1, 3.1, 5.1, 7.1, (5.1.2 or 5.1.4 Atmos ) 9
Slide 8: Paradigm Shift: Consumers Seek Simplicity
Paradigm Shift: Consumers Seek Simplicity No Complex Receivers No Difficult Installations No Speaker Wires X X Complete Set - Up in Less than 10 Minutes X 10
Slide 9: Immersive Audio
Immersive Audio L TV/Soundbar TV R L C 1.5 meters 4 - 5 meters C Flat Audio Internal Speakers Loud Speakers 11
Slide 10: Latency
12 Latency A verage Human sees: > 50ms Dolby wants: < 20ms Audiophiles want: < 15ms Gamers want: < 12ms WiSA delivers: 5.2ms Delivers Lowest Latency Available
Slide 11: Wireless Interoperability Standard
AVRs TVs XBOX Windows 10 Surface Pro Sources Speakers Consumers Win • Greater simplicity • Greater access to content • Lower cost to enable Wireless Interoperability Standard 14 iPhone
Slide 12: Expanding Membership
( ) ( ) Expanding Membership More than 60 brands now part of WiSA
Slide 13: WiSA Members by Category
TRANSMIT PARTNERS TRANSMIT PARTNERS TRANSMIT + SPEAKER PARTNERS ( ) ( ) TV PARTNERS ( ) Members by Category
Slide 14: WiSA Embedded IP Eliminating Adoption Costs
WiSA Embedded IP Eliminating Adoption Costs WiSA “Ready” WiSA Traditional TV HDMI WIFI Bluetooth Dolby A/V Receiver Installation Installation Cost/Time WiSA Hub/ Soundbar WiSA USB Transmitter or WiSA Xbox Transmitter $1,500+ $300 - $800 $75 - $150 $1 HDMI WIFI Bluetooth Dolby Cost to consumer: 15
Slide 15: Easy Set Up Process Through TV User Interface
16 1 3 TV recognizes USB WiSA “Ready” Transmitter WiSA loudspeakers found and assigned or reassigned WiSA Logo every time consumer changes volume Wireless loudspeakers connected in 2 - 3 seconds Easy Set Up Process Through TV User Interface 2 3 1
Slide 16: WiSA Ready TV Market Opportunity
WiSA Ready TV Market Opportunity Estimated SAM for LG TVs 17 Total Serviceable Market (SAM) Total Unit Volume 10,000,000 20,000,000 30,000,000 25% External Audio Systems Attached* 2,500,000 5,000,000 7,500,000 20% WiSA Attach Rate of Audio Systems* 500,000 1,000,000 1,500,000 AVG Configuration 3.1*
Slide 17: Market for Gamers = Need for Speakers
Market for Gamers = Need for Speakers • 2.6B gamers worldwide • $40B spent on gaming hardware eSports Viewing Parties Require Immersive Sound 18
Slide 18: THX + Summit / WiSA Partnership
THX + Summit / WiSA Partnership • THX and Summit to co - design transport and receive modules • THX tunes WiSA module and system for optimal consumer playback • Target customers are Gamers and Esports viewers • Joint sales, marketing and branding 19
Slide 19: Strong & Growing IP Portfolio + Trademark
Strong & Growing IP Portfolio + Trademark Audio Transport and Recovery Latency Synchronization 11 Patents Issued/Pending • 8 channels • Speaker Sync • High Fidelity • Lip Sync/Latency • Brand Interoperability • Robust Wireless Connection • Simple Set - up Performance Advantages + 20
Slide 20: Driving Market Dominance
Driving Market Dominance • Current ASICs and modules establishes WiSA as dominant standard for wireless multichannel technology • We are demonstrating IP for licensing WiSA into the emerging, broad consumer market supporting these trends: • Speakerless TVs • Wireless, multi - role speakers connectin
Slide 21: Immersive Sound Expands to All Smart Devices
Immersive Sound Expands to All Smart Devices • Developing licensable IP for smart devices: • 200M + Smart TVs • 1B+ Smart Phones • 200M Tablets • 60M Gaming PCs and Consoles • Smart Refrigerators • Prototype demonstrated at CES19 to over 10 tier - one consumer electrics brands Long Term Growth Drive
Slide 22: Expected 2019 Milestones
Expected 2019 Milestones • LG and speaker partners launching at retail • 10 to 13 projects projected to launch by end of Q3 • Speaker certification announcements • Product in retailers representing > 1,000 storefronts • Five TV brand engagements @ CES 2020 • First IP customer engagement 22
Slide 23: Investment Rationale: Paradigm Shifts Create Opportunity
Paradigm Shifts Create Opportunity Global Interoperability Standard IP Portfolio + TM 11 patents issued/pending + WiSA™ Expanding Market = Long - term Growth • Expanding ODM design/development pipeline • Increasing WiSA membership • Launching WiSA Ready + WiSA Embedded platforms • Increasing multi -
Slide 24: CEO Contact Information
CEO Contact Information Brett Moyer Summit Wireless Technologies President and CEO Phone: 408 761 3880 Email: bmoyer@summitwireless.com 24