2 July 2019 – 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 provide an update on the Company’s contract with the Australian Government Hearing Services Program (HSP).
Further to the HSP contract extension announced 25 June 2019, Nuheara is delighted to announce that a new bundle product of IQbuds BOOST™ and IQstream TV™ has from today, been placed on the HSP for immediate supply.
Commenting on the new contract placement Nuheara CEO, Justin Miller said “This new bundle solution of the self-fitting, self-testing and self-calibrating IQbuds BOOST™, included with our newly launched IQstream TV™, now provides Nuheara with a unique value proposition in HSP supply – the multifunctionality of this bundle is unparalleled in its offering for those with low end hearing challenges.
“We are confident this bundle will gain increased attention from users and audiologists as an affordable, multipurpose, everyday hearing solution. It is a world first hearing solution that goes beyond typical hearing support. It enables the user to stream media, make phone calls, enhance hearing, self-test and calibrate their hearing, and now provide independent enhanced hearing control for watching TV.”
“The IQstream TV™ has only been a recent addition to the Nuheara product range (refer NUH ASX announcement 16 May 2019). Importantly, the early data we are seeing from IQstream TV™ being used with IQbuds BOOST™, demonstrates that they are being used by users more often – and for extended periods.”
“It is widely recognised that one of the top reasons people initially seek hearing assistance is for time spent at home with family and while watching TV¹. This was one of the most important factors in the development of IQstream TV™ being able to integrate seamlessly with our IQbuds BOOST™.”
The HSP provides eligible Australians access to fully and partially subsidised hearing devices and related services. The IQbuds BOOST™ and IQstream TV™ bundle will be fully subsidised.
CEO and Managing Director
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Nuheara is a global leader in smart personal hearing devices which change people’s lives by enhancing the power to hear. 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 an office in 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, IQbudsTM, which allow consumers to augment their hearing according to their personal hearing preferences and connect hands free with their voice-enabled smart devices. Nuheara products are now sold in major consumer electronics retailers, professional hearing clinics and optical chains around the world.
The Company’s mission is to transform the way people hear by creating smart hearing solutions that are both accessible and affordable.
Learn more about Nuheara: www.nuheara.com.