Nuheara Limited (ASX: NUH) (Company or Nuheara), is pleased to announce the receipt of a $1.74 million Research and Development (R&D) Tax Incentive cash rebate from the Australian Tax Office. The R&D Tax Incentive aims to boost competitiveness and improve productivity across the Australian economy by encouraging industry to conduct R&D that may not otherwise have been conducted.
The rebate received reflects Nuheara’s longstanding and ongoing commitment to be at the forefront of industry innovation and provide research leadership in the rapidly changing landscape of global hearing healthcare and leading-edge medical devices.
|AUTHORISED BY:||INVESTOR AND MEDIA ENQUIRIES:|
|Justin Miller||Ronn Bechler, Market Eye|
|Managing Director and CEO||Email: [email protected]|
|Nuheara Limited||Phone: + 61 400 009 774|
|MEDIA – US:||MEDIA – AUSTRALIA:|
|Maura Yepez, Firebrand||Ranya Alkadamani|
|Email: [email protected]||Email: [email protected]|
|Phone: +1 415 848 9175||Phone: +61 434 664 589|
Nuheara is a global leader in smart hearing technology which change people’s lives by enhancing the power to hear. As a global pioneer in Hearable products, Nuheara developed proprietary, multi-functional, personalised intelligent hearing devices that augments a person’s hearing. Nuheara is headquartered in Perth, Australia and 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. In 2020 Nuheara released its third-generation hearable the IQbuds2 MAX. In 2021, Nuheara transformed its operations to include medical device manufacturing for its hearing aid products to meet global demand for mild to moderate hearing loss. Nuheara products are now sold Direct to Consumer (DTC) and in major consumer electronics retailers, professional hearing clinics, pharmacies and speciality retailers 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.
For further information, please visit https://www.nuheara.com/.