• LiveIQ™ production update – successful completion of Engineering Validation Testing
  • LiveIQ™ is Nuheara’s third product after the successful release of IQbuds™ & IQbuds™ BOOST.
  • LiveIQ™ remains on track for shipping in Q4 2018.

27 June 2018 – Perth, Australia

Nuheara Limited (ASX: NUH) (“Company” or “Nuheara”), transforming the way people hear by creating game-changing hearing solutions that are accessible and affordable, is pleased to announce the successful completion of Engineering Validation Testing for the Company’s third product, LiveIQ™.

In commenting on the production advances, Nuheara CEO, Justin Miller said, “We are incredibly excited that our LiveIQ™ development remains on track for shipping to commence in Q4 of the 2018 calendar year. LiveIQ™ is the world’s first hybrid Active Noise Cancellation hearing bud and promises to deliver a new level of sophistication, intelligence, affordability and street appeal, to a much broader lifestyle-oriented audience.

“We are encouraged by recent news that Apple will be venturing into noise cancellation AirPods. LiveIQ™ is set to deliver product by Q4 2018 – well ahead of Apple’s predicted noise cancellation AirPods in Q4 2019. While Apple only has 19% of the international smartphone market, Nuheara’s ability to service all smartphones: Android and IOS, provides a strong global opportunity to leverage the rising awareness of hearables devices which Apple’s new product will also help to generate.

liveIQ prototypes in red, black, and white

Figure 1: Three of the proposed colour configurations for LiveIQ™, due for release in Q4 2018.

“Including our proprietary World Control features, we have packed so much technology into LiveIQ™ with four major chipsets including Hybrid ANC (Active Noise Cancellation), Bluetooth 5, reliable True Wireless through NFMI (Near Field Magnetic Induction) and DSP (Digital Signal Processing) on-ear. It also includes three microphones per ear (one internal and two external), an Accelerometer per ear and on/off body sensing.”

“LiveIQ™ represents world class design with world leading technology.”

LiveIQ™ has been developed in partnership with the global leader in the design and manufacture of advanced sensor solutions, ams AG. Priced at under US$200, LiveIQ™ opens up a broader consumer market for Nuheara without compromising the level of intelligence the market has come to expect from the Company.

In concluding EVT, the Company has successfully completed the build of 50 sets of LiveIQ™ in order to validate the engineering design. The builds were completed on the Company’s intended production line and utilised the majority of the hard-tools required for mass production. The process allowed the company to:

  • Complete automated production line component assembly (SMT) of circuit boards
  • Verify production test systems
  • Develop assembly line procedures with the contract manufacturer
  • Assemble complete LiveIQ™ units for firmware development, electronic and mechanical testing

Following the completion of the EVT stage, Nuheara is now in a position to make improvements to the design which will include fine tuning of the tooling and update circuit board design in preparation for the DVT stage in the coming weeks. DVT will be manufactured with a much larger sample set with the aim of also completing reliability testing and certification testing.


CONTACTS
Australia
Justin Miller
CEO and Managing Director
+61 8 6555 9999
justin.miller@nuheara.com

Media
Ranya Alkadamani
+61 434 664 589
ranya@impactgroupinternational.com

About Nuheara
Nuheara is a global leader in Intelligent Hearing: smart personal hearing devices that enhance and amplify human experiences. Nuheara has developed proprietary and multi-functional intelligent hearing technology that augments a person’s hearing and facilitates cable free connection to smart devices. Nuheara is based in Perth, Australia and has offices in San Francisco and New York, USA. Nuheara was the first consumer wearables technology company to be listed on the Australian Stock Exchange (ASX).

In 2016, the Company 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. The Company’s mission is to improve people’s lives by allowing them to seamlessly listen, communicate, and connect to their physical and digital worlds.

Learn more about Nuheara: www.nuheara.com

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