Nuheara (ASX: NUH) has collared a collaboration agreement with multinational computer and printing technology company HP Inc.
Under the collaboration, the duo will co-develop new audio experiences for HP and its customers, with work to begin immediately.
Nuheara noted the scope of worth with be valued at US$1.2 million (A$1.7 million).
“This product and technology collaboration with one of the world’s largest personal computer vendors is a testament to Nuheara’s leading edge in hearables,” Nuheara chief executive officer Justin Miller said.
“It is validation of our R&D, our products, and most importantly the Nuheara team, who are committed to creating smart hearing solutions that enhance the power to hear.”
Mr Miller said he was looking forward to the companies advancing the partnership over the following year.
NYSE-listed HP is one of the world’s largest personal computer vendors – selling around 59 million PCs in 2019 and generating revenue of US$58.75 billion.
Advancing Nuheara technology
Nuheara’s technology involves smart personal hearing devices. The company has created its own proprietary intelligent hearing technology that augments a person’s hearing and can be wirelessly connected to smart devices.
The company launched its wireless iQbuds in 2016 which enable users to change their hearing according to personal preference.
This year brought with it the launch of the company’s third generation IQbuds MAX. These are sold direct to consumers and are also available in major consumer electronics retailers, professional hearing clinics, pharmacies and optical chains worldwide.
As part of the company’s global push, it revealed earlier this month its technology has been certified to the international standard for quality.
Mr Miller said the international certification would assist Nuheara in advancing its international original equipment manufacturer discussions.
“It also places us in a solid position to apply our products, technology and processes to any forthcoming regulatory requirements by the FDA for the over the counter hearing device market in the US,” he added.