Summit Wireless Eyes Licensing Its Software For Smartphones, Other Devices

Summit Wireless Technologies embedded licensable software has been demoed for about 15 companies under nondisclosure agreements, said CEO Brett Moyer on a Q1 call Wednesday. The audio tech's IP version is designed to hit the "sweet spot" of good enough to “penetrate the broad market” -- the 1.3 billion smartphones, 200 million smart TVs and 200 million tablets sold each year, he said. Summit will secure an “alpha customer this year and launch with them,” he said.