BUZZ-WiSA Technologies rises on Dolby audio partnership

Reuters02-12

** Shares of sound technology firm WiSA Technologies WISA.O rise 30% to $1.48

** WISA says it has partnered with Dolby Laboratories DLB.N to improve wireless audio integration on Android and Linux platforms

** Partnership will make it easier and faster for companies to add high-quality audio to their devices, reducing setup time from 1 year to just 2 months, co says

** Dolby's shares down 1.1% at $82.62

** The global wireless audio market is expected to reach $154.3 billion by 2030, driven by demand for high-quality wireless audio solutions - WISA

** WISA will soon rebrand as Datavault AI

** More than ~27 mln shares traded, 46 times their 25-day moving average

** WISA fell 88.5% in 2024

(Reporting by Kamal Choudhury in Bengaluru)

((Kamal.Choudhury@thomsonreuters.com;))

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