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Nuheara gets cash boost ahead of wearable device launch in the U.S.

Thursday, March 9, 2017 21:25
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Nuheara (ASX:NUH) has received a $412,166 research and development tax incentive cash rebate from the Australian Tax Office.

The company is in the process of launching an innovative wearable audio device, IQbuds, across U.S. retailers in mid-April 2017.

IQbuds combines the features of a hearing device, a bluetooth earpiece and a noise cancelling headset.

The device allows consumers to augment their hearing according to their personal hearing preferences and connect hands free with their voice-enabled smart device.

IQbuds retail units will be available once backorders from Nuheara’s Indiegogo crowdfunding campaign and pre-order sales have been shipped.

Earlier this week, Nuheara expanded its global IQbuds online and in-store retail presence by signing up with Amazon and Brookstone.

Nuheara’s Amazon marketplace presence in the U.S., Canada and Europe is expected to significantly enhance its prospects of increasing sales volume throughout the course of 2017.

IQbuds will be available for sale at these top tier retailers from mid-April 2017.

Together with the recently announced partnership with Best Buy, these new retail partnerships have positioned Nuheara for enhanced visibility across the North American consumer electronics market.

The company’s share price has increased by circa 67% during the past six months, last trading at $0.11.

Story by ProactiveInvestors


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