19 June 2020 – Perth Australia

Nuheara Limited (ASX: NUH) (Company or Nuheara), transforming the way people hear by creating smart hearing solutions that are smart and affordable, is pleased to advise its newest flagship product, IQbuds² MAX has arrived at global warehouses ready for distribution.

Customers who have pre-ordered IQbuds² MAX have now begun to receive tracking numbers for final delivery.

“In less than six months we have pre-sold almost 5,000 units of IQbuds² MAX. Despite the global pandemic and early interruptions to supply chains, followed by our factory in Malaysia closing during shutdown, we are delighted that our customers are now having their orders delivered,” said Justin Miller, CEO of Nuheara.

“It was necessary to re-start the distribution chain in orderly stages, with quality control done remotely under travel restrictions and with extended delivery times.  The logistics have been very challenging and we are incredibly appreciative of the understanding, patience and support of our global customers.  We are very much looking forward to hearing their feedback on IQbuds² MAX. 

It remains a massive task to manage global logistics in a COVID-19 afflicted world, but we look forward to ensuring our back orders are fulfilled as quickly as possible, as well as Share Purchase Plan orders soon after.”


This announcement has been approved for release by the  Nuheara Managing Director Mr Justin Miller.


CONTACT

Media and Investor Relations

Shane Murphy, FTI Consulting

Office: +61 8 9321 8533

Email: shane.murphy@fticonsulting.com

Mobile: + 61 420 945 291

 

ABOUT NUHEARA

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.

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