Innovative technology backed by industry
leaders, including Sir Richard Branson, set to transform digital
experiences across advertising, signage, and live events
Global holographic display market is expected
to reach over $23 billion by 2032
Data Vault Holdings, Inc.®, a private company leading the way in
data visualization, valuation, and monetization, which has entered
into a definitive asset purchase agreement to sell its Datavault®
and ADIO® IP and IT assets to WiSA Technologies, Inc. (“WiSA
Technologies” or the “Company”)(NASDAQ: WISA), a leading provider
of immersive, wireless sound technology for intelligent devices and
next-generation home entertainment systems, today announces its
launch of DVHolo, its hologram product suite, powered by ADIO® and
developed in partnership with HYPERVSN, renowned for its innovative
holographic solutions and backed by prominent venture investors,
including Sir Richard Branson and Mark Cuban. DVHolo is a step
forward in the fields of advertising, signage and live events by
providing businesses with an immersive, real-time 3D holographic
experience that is both visually compelling and commercially
potent.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20241024695253/en/
Key benefits of DVHolo include a 40% longer viewing and
engagement time compared to standard 2D digital signage; two times
higher chance of holographic images being seen; and up to a 40%
increase in sales of promoted products.1 These advantages are
backed by ADIO®'s advanced analytics and reporting capabilities,
which provide businesses with deep insights into consumer behaviour
and campaign effectiveness.
About the DVHolo Product Suite
This new product suite combines ADIO®, which leverages data
packets embedded within audio signals to deliver precise, targeted
content, with HYPERVSN’s 3D holograms. By synchronizing the audio
signals with HYPERVSN’s 3D holographic visuals, DVHolo offers a
fully immersive experience that surpasses conventional methods. The
result is a dynamic, robust medium that keeps audiences deeply
connected to the brand message. Apart from its applications in ads,
the DVHolo product suite is designed to broadcast live events in
real-time, featuring high-definition 3D holograms of presenters,
performers, or speakers.
Kiryl Chykeyuk, CEO and Co-Founder of HYPERVSN,
emphasized the impact of this collaboration: "HYPERVSN's
partnership with Data Vault Holdings allows organizations to extend
their reach, engage with larger audiences, and maximize impact,
without the significant costs typically associated with traditional
methods. DVHolo's ability to seamlessly integrate content into
various platforms ensures that brands can activate and monetize
audiences anywhere, anytime, with unparalleled efficiency."
"DVHolo combines HYPERVSN’s state-of-the-art 3D holographic
technology with ADIO®’s cutting-edge tone technology. Unlike
traditional advertising, this powerful combination brings an
entirely new experience that captures and better retains audience
attention, significantly increasing engagement and conversions,"
said Nathaniel Bradley, co-founder and CEO of Data Vault
Holdings.
The Holographic Display Market
By 2032, the global holographic display market is expected to
reach over $23 billion, growing at a CAGR of over 20% from its
market value of $3.3 billion in 2023.2 The partnership between Data
Vault Holdings and HYPERVSN positions both companies to capitalize
on this rapid growth, offering a solution that meets the rising
demand for immersive digital experiences across industries.
Summary of WiSA Technologies & Data Vault Holdings
Proposed Asset Purchase
As announced on September 4, 2024, WiSA Technologies entered a
definitive asset purchase agreement to purchase the Datavault® and
ADIO® intellectual property and information technology assets of
privately held Data Vault Holdings (the “Asset Purchase”). Subject
to customary conditions and approval by the stockholders of WiSA
Technologies, the closing is expected before December 31, 2024. A
webcast about the transaction is accessible under the Investors
section of WiSA Technologies’ website.
About Data Vault Holdings Inc.
Data Vault Holdings is a technology holding company that
provides a proprietary, cloud-based platform for the delivery of
blockchain objects. Data Vault Holdings provides businesses with
the tools to monetize data assets securely over its Information
Data Exchange® (IDE). Data Vault Holdings is in the process of
finalizing the consolidation of its affiliates Data Donate
Technologies, Inc., ADIO LLC, and Datavault Inc. as wholly owned
subsidiaries under one corporate structure. Learn more about Data
Vault Holdings Inc. here.
About HYPERVSN
HYPERVSN is the award-winning British company responsible for
developing the disruptive Integrated 3D Holographic Display
Platform that provides an immersive experience for viewers. Their
proprietary solutions merge physical and digital realms to create
immersive, floating visuals that captivate and leave a lasting
impression. With applications in retail, entertainment, education,
corporate spaces, signage and advertising, HYPERVSN’s immersive
solutions deliver impactful messaging that sets brands apart. Since
its official release in 2017, HYPERVSN has been named among 10 best
technologies by Yahoo!, USA Today & Inc Magazine. Backed by
Mark Cuban and Sir Richard Branson, it has been used by over 25% of
Fortune 500 companies in 90+ countries. Learn more about HYPERVSN
here.
About WiSA Technologies
WiSA Technologies, Inc. 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; Hisense; TCL; Bang & Olufsen; Platin Audio; and
others, the Company delivers immersive wireless sound experiences
for high-definition content, including movies and video, music,
sports, gaming/esports, and more. WiSA Technologies is a founding
member of WiSA™ (the Wireless Speaker and Audio Association) whose
mission is to define wireless audio interoperability standards as
well as work with leading consumer electronics companies,
technology providers, retailers, and ecosystem partners to
evangelize and market spatial audio technologies driven by WiSA
Technologies. The Company is headquartered in Beaverton, OR with
sales teams in Taiwan, China, Japan, Korea, and California. Learn
more about WiSA Technologies here.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended (the “Securities Act”), and Section 21E of the Securities
Exchange Act of 1934, as amended. These forward-looking statements,
include, among others, the Company’s and Data Vault Holdings’
expectations with respect to the proposed Asset Purchase between
them, including statements regarding the benefits of the Asset
Purchase, the anticipated timing of the Asset Purchase, the
Company’s and Data Vault Holdings’ projected future results, the
products currently and newly offered by Data Vault Holdings and the
markets in which Data Vault Holdings operates, and the expectations
with respect to the partnership with HYPERVSN including statements
regarding the benefits of such partnership. Readers are cautioned
not to place undue reliance on these forward-looking statements.
Actual results may differ materially from those indicated by these
forward-looking statements as a result of a variety of factors,
including, but are not limited to: (i) risks and uncertainties
impacting the Company’s business including, risks related to the
Company’s ability to maintain good working relationships with its
partner brands and manufacturers, the Company’s current liquidity
position and the need to obtain additional financing to support
ongoing operations, the Company’s ability to continue as a going
concern, the Company’s ability to maintain the listing of its
common stock on Nasdaq, the Company’s ability to predict the timing
of design wins entering production and the potential future revenue
associated with design wins, the Company’s ability predict its rate
of growth, the Company’s ability to predict customer demand for
existing and future products and to secure adequate manufacturing
capacity, consumer demand conditions affecting customers’ end
markets, the Company’s ability to hire, retain and motivate
employees, the effects of competition, including price competition
on the Company’s business, technological, regulatory and legal
developments, developments in the economy and financial markets,
and potential harm caused by software defects, computer viruses and
development delays, (ii) risks related to the proposed Asset
Purchase, including the Company’s and Data Vault Holdings’ ability
to realize some or all of the anticipated benefits from the Asset
Purchase, the risk that the Asset Purchase may not be completed in
a timely manner or at all, and (iii) risks related to Data Vault
Holdings’ business, and other risks detailed from time to time in
the Company’s filings with the U.S. Securities and Exchange
Commission. The information in this press release is as of the date
hereof and neither the Company nor Data Vault Holdings undertakes
any obligations to update unless required to do so by law. The
reader is cautioned not to place under reliance on forward looking
statements. Neither the Company nor Data Vault Holdings gives any
assurance that either the Company or Data Vault Holdings, or the
Company post Asset Purchase, will achieve its expectations.
This press release shall not constitute a solicitation of a
proxy, consent or authorization with respect to any securities or
in respect of the proposed Asset Purchase. This presentation shall
not constitute an offer to sell, or the solicitation of an offer to
buy, nor will there be any sale of these securities in any state or
other jurisdiction in which such offer, solicitation or sale would
be unlawful prior to the registration or qualification under the
securities laws of such state or jurisdiction. No offering of
securities shall be made except by means of a prospectus meeting
the requirements of Section 10 of the Securities Act, or an
exemption therefrom.
1 HYPERVSN - 3D Holographic Displays for Advertising, Events 2
"Holographic Display Market Size – Trends Report, 2032.” Global
Market Insights,
https://www.gminsights.com/industry-analysis/holographic-display-market
View source
version on businesswire.com: https://www.businesswire.com/news/home/20241024695253/en/
David Barnard, LHA Investor Relations, 415-433-3777,
wisa@lhai.com
WiSA Technologies (NASDAQ:WISA)
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