Summit Wireless Technologies (WISA) Stock Is Flying For Good Reason

Summit Wireless Technologies Inc (NASDAQ: WISA) is flying in the premarket hours this morning, trading on gains of more than 10% early on. The gains are for good reason. The company announced that one of the largest television manufacturers in the world has joined the WiSA association. Here’s what’s going on:

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WISA Stock Climbs On New Association Member

In the press release, Summit Wireless Technologies said that SKYWORTH Grop has become the newest member of the Wireless Speaker and Audio Association, or WiSA. The Association includes more than 60 leading consumer electronic brands.

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