Summit Wireless Announces Global Collaboration with LG Electronics; Delivers Immersive, Wireless Sound Experiences For Home Entertainment Via LG’s 2019 Line-Up of OLED and Flagship UHD/LCD WiSA Ready TVs

LG Adopts WiSA Industry Standards Across Display Product in 9 New
Series of TVs to be Unveiled at CES 2019

SAN JOSE, Calif.–(BUSINESS WIRE)–Summit
Wireless Technologies, Inc.
(NASDAQ: WISA), the leading provider of
immersive, hi-fidelity, wireless sound technology for intelligent
devices and home entertainment systems, and a founding member of WiSA,
the Wireless Speaker Audio Association, today announced a global
collaboration with LG Electronics. As such, LG will leverage Summit
technology and WiSA Certification to make their 2019 lines of OLED and
flagship UHD LCD TVs WiSA Ready™ and compatible with WiSA USB
Transmitters as well as a range of intelligent, WiSA Certified™ speakers
that together deliver unprecedented wireless sound for the home
entertainment experience.

LG’s 2019 WiSA Ready TVs ensure low-latency, seamless speaker
synchronization and hi-fidelity sound via a range of already available
WiSA Certified intelligent speakers from global providers such as
Klipsch, Bang & Olufsen, Axiim, and Enclave Audio. All WiSA Ready and
WiSA Certified components work together seamlessly to deliver wireless,
multi-channel audio capabilities and authentic concert-quality sound
that dramatically increases the enjoyment of movies and video, music,
sports, gaming/esports, and more. As a result, consumers can expect a
reliable and flawless experience, but unlike traditional audio systems,
set up is simple and takes just minutes, even for 5.1 setups.

“Intelligent TVs are the centerpiece of today’s next generation home
entertainment systems and audio is essential to the overall experience,”
stated Tim Alessi, senior director, product marketing at LG Electronics.
“With WiSA Ready displays, we recognize the tremendous benefits that
consumers will enjoy in taking advantage of truly immersive, wireless
sound that complements all kinds of big screen home entertainment from
movies and video to games, esports, and more.”

The full range of Summit’s WiSA technology enables up to 8 channels of
uncompressed 24-bit audio capable of supporting the latest audio decode
formats, including Dolby ATMOS and DTS X for an immersive sound
experience. Summit’s network performance reduces latency to a negligible
5ms that doesn’t vary with network loading, up to 20 times better than
standard Bluetooth and WiFi technologies. Summit’s patent pending ADAPT
algorithms for active detection, avoidance and prioritization technology
more than doubles wireless network capacity, virtually eliminating
interference from surrounding wireless networks to deliver a consumer
experience that is best-in-class. With Summit’s WiSA technology,
consumers enjoy great movies or gaming content knowing that the picture
and sound will always be synchronized perfectly.

LG is a brand synonymous with leadership, innovation and
quality, and together we are championing the WiSA industry standard,
which delivers wireless, immersive hi-fidelity sound capabilities with
tremendous benefits to both manufacturers and consumers worldwide,”
noted Brett Moyer, president and CEO of Summit Wireless Technologies.
“WiSA Ready LG TVs are an integral part of our delivering next
generation audio to a mass, global market with seamless compatibilities
and ease of setup.”

About LG Electronics

LG Electronics USA, Inc., based in Englewood Cliffs, N.J., is the North
American subsidiary of LG Electronics, Inc., a $55 billion global force
and technology leader in home appliances, consumer electronics and
mobile communications. LG Electronics sells a range of stylish and
innovative home appliances, home entertainment products, mobile phones,
commercial displays, air conditioning systems and solar energy solutions
in the United States, all under LG’s “Life’s Good” marketing theme. LG
is a 2018 ENERGY STAR Partner of the Year-Sustained Excellence. For more
news and information on LG Electronics, please visit www.LG.com.

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

© 2018 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

Laurie Thornton
Radiate PR for Summit Wireless Technologies
650.743.6487
laurie@radiatepr.com

Mary Magnani
Investor Relations
Summit Wireless Technologies
415.433.3777
summit@lhai.com

Christopher De Maria
LG Electronics
201.408.9111
christopher.demaria@lge.com