Slide 1: May 2019 Issuer Free Writing Prospectus
May 2019 Issuer Free Writing Prospectus Filed Pursuant to Rule 433 Registration Statement No. 333 - 230952 Amendment No. 2 to Form S - 1 Filed on May 17, 2019
Slide 2: Free Writing Prospectus Disclosure
Free Writing Prospectus Disclosure • Issuer Free Writing Prospectus Issued Pursuant to SEC Rule 433 • This free writing prospectus relates to the proposed public offering of common stock of Summit Wireless Technologies, Inc. (the “Company”), together with the underwriter’s warrant to purchase common
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
Slide 4: 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 5: Deal Summary
Deal Summary Issuer Summit Wireless Technologies, Inc. Sole Bookrunner Alexander Capital, LP Ticker/Exchange WISA/NASDAQ Offering Size $5,000,000 Pricing Range TBD Shares Offered 2,525,252* Use of Proceeds • Product development • Sales, marketing, general and administrative • Capital expenditures •
Slide 6: Why are top brands supporting WiSA?
Why are top brands supporting ? 6
Slide 7: 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 8: Sound is Key to Optimizing the Experience
Sound is Key to Optimizing the Experience of… SPORTS TV SHOWS CONCERTS MOVIES GAMING ALL COMING INTO THE HOME IN 5.1 OR GREATER 8
Slide 9: 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 10: 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 30 Minutes X 10
Slide 11: 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 12: Latency
Latency A verage Human sees: > 50ms Dolby wants: < 20ms Audiophiles want: < 15ms Gamers want: < 12ms WiSA delivers: 5.2ms Delivers Lowest Latency Available 12
Slide 13: Expanding Membership
Expanding Membership More than 60 brands now part of WiSA 13
Slide 14: 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 iPhone 14
Slide 15: 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 16: Easy Set Up Process Through TV User Interface
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 16
Slide 17: WiSA Ready TV Market Opportunity: LG Case Study
WiSA Ready TV Market Opportunity LG Case Study 7 14 20 2019 2020 2021 Estimate Demand For LG’s WiSA Ready TVs (Volume in Millions ) Total Unit Volume (TVs) 7M 14M 20M WiSA Attach Rate% 5% 5% 5% Revenue per system $70 $70 $70 Potential Revenue $24M $49M $70M Other WiSA Members: Estimated TAM for LG T
Slide 18: 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 19: 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 20: 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 21: Immersive Sound Expands to All Smart Devices
Immersive Sound Expands to All Smart Devices • Developing licensable IP for smart devices: • 150m + Smart TVs • 1B+ Smart Phones • Tablets • Gaming PCs and Consoles • Smart Refrigerator • Prototype demonstrated at CES19 to over 10 tier - one consumer electrics brands Long Term Growth Driver Revenue
Slide 22: 2019 Milestones
2019 Milestones • 10 to 13 projects projected to launch by end of Q3 • Speaker certification announcements • WiSA USB Transmitter by Axiim shipping for Xbox and WiSA Ready products • LG and speaker partners launching at retail • Product in retailers representing > 1,000 store fronts • Five TV brand
Slide 23: 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