Slide 1: WiSA: The New Industry Standard for Immersive Wireless Sound
WiSA: The New Industry Standard for Immersive Wireless Sound Summit Wireless Technologies, Inc. (NASDAQ: WISA) Fourth Quarter 2019 Results Conference Call as of March 25, 2020
Slide 2: Forward Looking Statements
2 NASDAQ: WISA Forward Looking Statements This presentation contains forward - looking statements within the meaning of Section 27 A of the Securities Act of 1933 , as amended, and Section 21 E of the Securities Exchange Act of 1934 , as amended . Readers are cautioned not to place undue reliance on
Slide 3: Summit Business Update and Year end Review
3 NASDAQ: WISA Summit Business Update and Year end Review • Impact of 2019 LG Electronics TV partnership • Speakers • Other TV Brands • Beyond TVs: Soundbars, media hubs, dongles and other WiSA Transmitters • Marketing of Products and Consumer Response • COVID - 19 Impact • Financing
Slide 4: WiSA Association: Building a Standard
4 NASDAQ: WISA WiSA Association: Building a Standard • WiSA (Wireless Speaker and Audio) Association founded by Summit Wireless Technologies • 60+ leading consumer electronics brands meet strict requirements for interoperability • In joint partnership, championing the most reliable, global interoper
Slide 5: Product Rollout: Speakers
5 NASDAQ: WISA Product Rollout Speakers • Klipsch Reference Wireless • System Audio 5 Series • System Audio 40 Series • System Audio 60 Series • System Audio New Series • Savant Smart Audio family of soundbar and speakers • EC Living speaker family • Platin Audio Monaco • Platin Audio Milan Pre - pr
Slide 6: Product Rollout: TVs
6 NASDAQ: WISA Product Rollout: TVs Transmitting Devices Status LG WiSA Ready OLED and Nanocell TVs USB WiSA Transmitter required Foxconn 8K TV: Sharp Brand Mass Production Target Q3 with TX TV Brand X - D 8K Manufacturing Validation: Internal TX Q3 Bang and Olufsen TVs Legacy: Internal TX TV Brand
Slide 7: Transmitters Seeding Market
7 NASDAQ: WISA Transmitters Seeding Market • Primare Preamp (All HDMI) • Primare Network Center (All HDMI) • Axiim Q 4K Media Center (All HDMI) • LG Innotek USB WiSA Transmitter (WiSA Ready devices) • Axiim LINK USB WiSA Transmitter (WiSA Ready plus Xbox, PC/MAC) • Harman Citation Soundbar (All HDMI
Slide 8: WiSA Certified HDMI Dongles
8 NASDAQ: WISA WiSA Certified HDMI Dongles Market and Top Features Two ODMs Hansong HDMI Tx Tonewinner HDMI Tx Connects to over 800 million TVs in the market through 2020 via HDMI/ARC Wirelessly connects to ALL WiSA Certified speakers from any WiSA member Decodes and transmits from stereo to Dolby A
Slide 9: Simulated or Real Immersive Sound
9 NASDAQ: WISA Simulated or Real Immersive Sound "2020 is shaping up to be the year of the wireless home theater … WiSA is on the verge of changing the way we buy, install, and use our home theater gear.” Full Surround Sound 5.1 Brand THX Street/MSRP Enclave Audio CineHome Pro Certified $1,495/$1,49
Slide 10: Marketing & Awareness
10 NASDAQ: WISA Marketing & Awareness Best Buy/Magnolia Home Theater Display Promotions beginning at retail: Klipsch and Axiim bundles: 10% Savings on 3.1 Bundles Promotions beginning online: PROMO INFO: Get as low as 0% APR Financing now through March 31, 2020. Details at Klipsch.com/affirm .
Slide 11: Marketing & Awareness: LG Electronics Website
11 NASDAQ: WISA Marketing & Awareness LG Electronics Web s ite BUY NOW button connects directly to Best Buy website
Slide 12: Marketing & Awareness: Klipsch Website
12 NASDAQ: WISA Marketing & Awareness Klipsch Web s ite • Educational Videos • Multiple System Configurations • Partnership with LG and Axiim
Slide 13: Marketing & Awareness: Harman Stores
13 NASDAQ: WISA Marketing & Awareness Harman Stores: Heavy Promotion of Citation Product Line
Slide 14: Increasing Consumer Interest
14 NASDAQ: WISA Increasing Consumer Interest WiSA Association Web Traffic • ~40+% of the unique users ( UUs ) clicked a member’s “Buy Now” or “Learn More” link • Members designing landing pages to promote products to these interested consumer • Dramatic UU growth: Total and Ave. Daily • 32,300+ UUs,
Slide 15: Increasing WiSA Association Membership
15 NASDAQ: WISA Increasing WiSA Association Membership OTHER KEY PARTNERS TRANSMIT + SPEAKER PARTNERS ( ) ( ) TV PARTNERS ( ) System Audio A/S
Slide 16: Impact of COVID-19 & Response
16 NASDAQ: WISA Impact of COVID - 19 & Response • Long - term • Consumer preference for wireless continues • Has not impacted project starts but modifies launch dates maybe a couple of months • Has not impacted the sales effort around retail placement by our customers • Near - term • Social distanci
Slide 17: Summit Financial Positioning
17 NASDAQ: WISA Summit Financial Positioning • Reducing cash burn • Lowering salaries temporarily to manage deal COVID - 19 • CEO 50% • Sr. Mgt 40% • Expense reductions beyond travel • Financing • Raised $1.7M bridge , gross proceeds, in March 2020 • Proxy vote on reverse split • Evaluating next ste
Slide 18: Scaling to Critical Mass
18 NASDAQ: WISA Scaling to Critical Mass New products delivering a broader range of solutions • USB & HDMI dongles, media hubs, AV Receivers, TVs, game consoles, PCs Tier 1 Brands investing in marketing resources • New WiSA Ready TM * and WiSA Certified TM products • Promoting WiSA Increasing consum
Slide 19: Investment Rationale
19 NASDAQ: WISA Investment Rationale Global Interoperability Standard IP Portfolio and TM 12 patents issued/pending covering key claims + WiSA™ Paradigm Shifts Create Opportunity Attractive & Highly Scalable Model • Expanding WiSA membership • Launching WiSA Certified and WiSA Ready platforms • Grow