Brett Moyer is a founding member of the Company and has served as the President and Chief Executive Officer of the Company and as a member of its board of directors since August 2010. From August 2002 to July 2010, Mr. Moyer served as president and chief executive officer of Focus Enhancements, Inc., a developer and marketer of proprietary video technology. From February 1986 to May 1997, Mr. Moyer worked at Zenith Electronics Inc. a consumer electronic company, where he had most recently been the vice president and general manager of its Commercial Products Division. Since June 2016, Mr. Moyer has also served as a member of the board of directors of Alliant International University, a private university offering graduate study in psychology, education, business management, law and forensic studies, and bachelor's degree programs in several fields. From 2003 to December 2015, he served on the board of directors of HotChalk, Inc., a developer of software for the educational market, and from March 2007 to September 2008, he was a member of the board of directors of NeoMagic Corporation, a developer of semiconductor chips and software that enable multimedia applications for handheld devices. Mr. Moyer received a Bachelor of Arts in Economics from Beloit College in Wisconsin and a Master's of Business Administration with a concentration in finance and accounting from Thunderbird School of Global Management.
Full Interview:
Thank you for taking the time to answer my questions about WiSA Technologies. Can you briefly describe the company and its focus for our readers who may be unfamiliar?
WiSA develops wireless audio technology and IP to bring immersive audio to home and establishes the interoperable connectivity standard for our IP. With WiSA certified products, consumers can easily set up a home entertainment system that uses Dolby Atmos’ immersive audio and fills up the room while watching movies, shows, sports or gaming.
What is WISA’s unique value proposition in the wireless audio industry, and how does it set itself apart from the competition?
First, we believe that we have best in class wireless performance levels. Many premium audio brands like Bang and Olufsen, Harman, Klipsch, KEF use our technology. Second, our WiSA HT standard is the only interoperable standard in the market so that different branded products will work with each other.
How has the market for wireless audio solutions evolved over the past few years, and what growth opportunities does WiSA Technologies see in this market?
The industry is in a period of rapid innovation. For years, Bluetooth was the primary wireless audio solution which suffered from poor latency, poor speaker synchronization, and limited channels of audio. With more powerful Wi-Fi chips coming onto the market, we are able to deliver better performance than BT at affordable prices.
We see the growth opportunities centering around the TV/Soundbar with wireless communication to speakers located around the room.
What partnerships or collaborations has the company established with other companies or industry organizations, and how do these partnerships support the company's growth strategy?
We have technology partners like Realtek and Espresiff that make Wi-Fi chips, TV partners like LG and Hisense that have certified their TVs with WiSA for use with WiSA’s SoundSend, and retail partners that have created WiSA stores on their websites and finally, we have our customers that have WiSA certified speakers: Bang and Olufsen, Harman, Klipsch, KEF.
Are there any exciting milestones investors can look forward to in the near future?
Yes, we expect to release our WiSA technology to production in Q3.
What challenges is WISA facing, if any?
We have overcome most of the technical milestones that we set out to achieve which leads to driving the sales/adoption curve.
What is your perspective on the total addressable market for WISA’s technology now and in the future?
Across all segments, we believe the TAM is ~1B units.
Is there any other information you wish to share with our investors reading so we can highlight the opportunity of WISA?
We believe our new technology launch, with its lower price points and high performance, combined with our industry leading standard organization are a powerful combination to drive the company’s success.
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