HIGH END 2019: LG and WiSA Present Uncomplicated TV Audio Connection

WiSA and LG Electronics demonstrate simplified wireless audio
systems with OLED and NanoCell TVs from LG and high-quality audio
technology from Association members

SAN JOSE, Calif.–(BUSINESS WIRE)–WiSA®
LLC
, the Wireless Speaker and Audio Association founded by Summit
Wireless Technologies (NASDAQ:WISA) and comprised of leading consumer
electronics brands, announces the next step in its global collaboration
with LG Electronics at the HIGH END 2019 trade show in Munich. This
marks both the European launch of the WiSA Ready* initiative
and LG’s 2019 OLED and Nano Cell TV series equipped with this special
feature. The TVs are compatible with WiSA USB Transmitters and a range
of intelligent WiSA Certified speakers that deliver
unparalleled sound for home theater.

WiSA Ready TVs offer easy connectivity to external wireless speakers
with very low latency and, as a result, the best HiFi sound thanks to a
growing number of WiSA Certified intelligent speakers. All devices work
seamlessly together to wirelessly transmit multichannel audio signals
and deliver authentic concert quality sound that enhances enjoyment of
movies, videos, music, gaming or sporting events. Unlike traditional
wired audio systems, setup is straightforward and takes just minutes,
even with more complex 5.1 and 7.1 configurations.

“Audio is a critical component for enjoying fantastic TV and movie
content and enjoying our great display technology in gaming or esports,”
said Andreas Urbach, Head of Product Marketing Home Entertainment at LG
Electronics. “Thanks to WiSA Ready, we’re able to offer consumers
powerful home entertainment sound that doesn’t require cables. Together,
we’re setting the standard for display technology and audio experience.”

Several WiSA members are supporting LG’s collaboration with new WiSA
Certified speakers that will be unveiled at HIGH END 2019 and launched
in Europe later this year. These include Klipsch’s Reference Wireless
Speakers, Electrocompaniet’s EC Living Wireless Lifestyle Series, System
Audio’s Silverback Wireless Speakers, Platinum’s Monaco 5.1 Wireless
Home Entertainment System, and several Harman Citation Home Audio
speakers. In addition, WiSA member Axiim has already launched the Axiim
Link, a USB transmitter that connects to any WiSA Ready audio source
such as TVs, game consoles or PCs and connects quickly to all WiSA
Certified speakers.

“We are delighted that WiSA members are attending HIGH END in Munich
this week to show how our technology is driving the next generation of
premium sound for smart devices and home entertainment systems,” said
Tony Ostrom, president of WiSA. “With the success of the new WiSA Ready
platform, WiSA bandwidth continues to grow rapidly along with leading
consumer electronics companies. The WiSA brand can thus become the new
standard for wireless audio—a standard that stands for quality and
trust.”

The WiSA Ready platform made international headlines for the first time
when the Association announced its global collaboration with LG
Electronics at CES 2019.

More information about the WiSA Association, its technology and products
can be found at www.wisaassociation.org.

About LG Electronics, Inc.

LG Electronics, Inc. (KSE: 066570.KS) is a global leader and technology
innovator in consumer electronics, mobile communications and home
appliances. With over 100 offices around the world and over 70,000
employees, LG generated consolidated sales of $54.4 billion in fiscal
2018. Consisting of five business units – Home Appliances & Air
Solutions, Home Entertainment, Mobile Communication, Vehicle Components
and Business-to-Business – LG is one of the world’s leading
manufacturers of flat-panel televisions, mobile devices, air
conditioners, washing machines and refrigerators, including LG SIGNATURE
premium products and LG ThinQ artificial intelligence products. More
information about LG Electronics can be found at www.LGnewsroom.com.

About LG Electronics Deutschland GmbH

The Korean technology group LG Electronics has been active on the German
market since 1976. The company, headquartered in Eschborn near
Frankfurt, has continuously expanded its activities since then and is
currently active in the following business areas: Home Entertainment,
Mobile Communications, Information System Products, Home Appliances, Air
Solutions, Solar and Vehicle Components. In recent years, the innovation
driver has received numerous prizes and awards for its trend-setting
products. Important innovations such as flexible displays and curved
batteries are the result of cooperation between specialized companies
within the LG Group. In line with the brand promise “Life’s Good”, new
developments are always geared to the needs of users and never serve an
end in themselves. LG also underpins its brand promise with social
commitment through its own campaigns or in cooperation with numerous
partners. Further information can be found at www.lg.com and www.lg.de/presse.

About LG Electronics Home Entertainment

LG Electronics Home Entertainment is one of the leading manufacturers of
flat panel displays, AV products, monitors, PCs, digital signage and
commercial displays for the consumer and business markets. LG is
entering a new era of innovation in the TV market, creating advanced
technologies such as OLED TV and implementing an intuitive operating
system to enable customers to experience all the benefits of smart TV
technology. LG’s mission is to enrich customers’ lives with innovative
home entertainment products such as the award-winning 4K OLED TVs, Ultra
HD TVs and webOS TVs.

About WiSA, LLC

WiSA, the (Wireless Speaker and Audio) Association is a consumer
electronics consortium dedicated to creating interoperability standards
utilized by leading brands and manufacturers to deliver immersive sound
via intelligent devices. WiSA Certified components from any member brand
can be combined to dramatically increase the enjoyment of movies and
video, music, sports, gaming/esports, and more. WiSA also ensures
robust, high definition, multi-channel, low latency audio while
eliminating the complicated set-up of traditional audio systems. For
more information about WiSA, please visit: www.wisaassociation.org.

About Summit Wireless Technologies, Inc.

Summit Wireless Technologies, Inc. (NASDAQ: WISA) is a leading provider
of immersive, wireless sound technology for intelligent devices and next
generation home entertainment systems. Working with leading CE brands
and manufacturers such as Harman International, a division of Samsung,
LG Electronics, Klipsch, Bang & Olufsen, Xbox, a subsidiary of
Microsoft, and others, Summit Wireless delivers seamless, dynamic audio
experiences for high-definition content, including movies and video,
music, sports, gaming/esports, and more. Summit Wireless is a founding
member of WiSA, the Wireless Speaker and Audio Association and works in
joint partnership to champion the most reliable interoperability
standards across the audio industry. Summit Wireless, formerly named
Summit Semiconductor, Inc., is headquartered in San Jose, CA with sales
teams in Taiwan, China, Japan, and Korea. For more information, please
visit: www.summitwireless.com.

* WiSA Ready TVs, gaming PCs and console systems are “ready” to transmit
audio to WiSA Certified speakers when a WiSA USB Transmitter is plugged
in and a user interface is activated through an APP or product design
like LG TVs.

© 2019 Summit Wireless Technologies, Inc. All rights reserved. Summit
Wireless Technologies and the Summit Wireless logo are trademarks of
Summit Wireless Technologies, Inc. The WiSA logo, WiSA, WiSA Ready, and
WiSA Certified are trademarks, or certification marks of WiSA LLC.
Third-party trade names, trademarks and product names are the
intellectual property of their respective owners.

Contacts

Ashley Eggert
Dittoe PR for WiSA
317-202-2280
ashley@dittoepr.com

Mary
Magnani or Kirsten Chapman
LHA Investor Relations for Summit
Wireless Technologies
415.433.3777
summit@lhai.com

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