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viewNuheara Ltd

Nuheara sells first production batch of hearing earbuds in six weeks

The company has developed proprietary and multi-functional intelligent hearing technology.

man and woman walking along beach, man has earbud in ear
IQbuds BOOST are hearing buds that calibrate to your unique hearing profile

Nuheara Ltd (ASX:NUH) has sold its initial production run of 2,500 units of IQbuds BOOST™ in the first six weeks of sales.

Furthermore, the company’s early-June $6 million capital raising has secured ongoing production of IQbuds BOOST™.

This has now allowed Nuheara to move volume into retailers throughout the course of July ensuring successful expansion into retail markets globally.

Hearing devices that enhance and amplify human experiences

Nuheara’s CEO Justin Miller said: “Nuheara’s global market has gone from strength to strength, specifically the depth of the market diversity: from Best Buy’s newly created senior technology segment in the United States, to pharmacy giant Medseven in the Middle East, to optical leader Acuitas in Europe.

“We are buoyed by initial reaction of the market to IQbuds BOOST™, specifically that our targeted demographic was so responsive to the benefits of IQbuds BOOST™."

International press coverage

Miller added: “The international press coverage and technology reviews from leading commentators have been exceptional.

“With IQbuds BOOST™ having an average user age of 58 years, we are now certain that Nuheara has effectively created a product to service the significant gap in the market for hearing solutions targeted at mild to moderate hearing loss.

“This secures Nuheara’s mainstream position in the rapidly changing global hearing health care market.”

Preparing to ship third hearing product

In 2016, Nuheara released its revolutionary wireless earbuds, IQbuds™, which allow consumers to augment their hearing according to their personal hearing preferences and connect hands-free with their voice-enabled smart devices.

IQbuds™ are now sold in major consumer electronics retailers and professional hearing clinics around the world.

Recently, Nuheara completed successful engineering validation testing for its third product LiveIQ™, following in the footsteps of IQbuds™ and IQbuds™ BOOST.

LiveIQ™ remains on track for shipping in the December quarter of 2018.

Quick facts: Nuheara Ltd

Price: 0.046 AUD

ASX:NUH
Market: ASX
Market Cap: $48.86 m
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