Audientes and Hearing Wellness Clinic enter into cooperation agreement in India
Audientes and Hearing Wellness Clinic, India, today announce a Supply Framework Agreement for the sale of the Audientes self-fitting hearing aid in Hearing Wellness Clinic’s points of sale throughout southern India.
Company Announcement, no. 4-2021
June 8, 2021
Audientes and Hearing Wellness Clinic, India, today announce a Supply Framework Agreement for the sale of the Audientes self-fitting hearing aid in Hearing Wellness Clinic’s points of sale throughout southern India.
Audientes has entered into a partnership with Hearing Wellness Clinic, a leading hearing care provider and hearing aid reseller in India, with multiple points of sale in the federal states of Karnataka, Telangana, Tamil Nadu, Kerala and Goa.
Extensive distribution setup in South India
“In line with our strategy and roll-out plan in India, we are delighted and proud to be partnering with Hearing Wellness Clinic, an established organization with extensive reach in the South India region and long-standing expertise in the marketing and sale of quality hearing aids. Hearing Wellness Clinic is a trusted hearing aid dispenser, and we look very much forward to strengthening our collaboration with the team there and their retail network,” says Steen Thygesen, CEO, Audientes A/S.
Audientes’ hearing aid covers a gap in the market
Mr. Kamaljeet Singh, Managing Director, Hearing Wellness Clinic, comments; “We are very happy to welcome Audientes to the Hearing Wellness Clinic family. Our goal is to provide quality and unique hearing solutions for our customers, which is why I believe the Audientes hearing aid is a great addition to our product catalogue. It’s a very exciting device due to the self-fitting feature, which we believe covers a gap in the market. We’re proud to be the first dispenser in India to offer it.”
Hearing Wellness Clinic is ranked among the top 10 hearing aid dispensers nationwide in India with points of sale in 20 locations in major cities. The organization’s vision is to provide customers with impeccable and authentic services and products. Hearing Wellness Clinic expects to commence sales of the Audientes self-fitting hearing aid in Q3 2021.
This company announcement will not change the 2021 financial guidance for turnover and EBITDA.
This information is information that Audientes A/S is obliged to make public pursuant to the EU Market Abuse Regulation (MAR).
For further information, please contact:
Steen Thygesen, CEO, Audientes A/S
Phone: +45 53 17 26 10
Email: st@audientes.com
Raman PV Rao, Country Head, Audientes India
Phone: + 91 91770 49678
Email: rr@audientes.com
Kamaljeet Singh, Managing Director, Hearing Wellness Clinic
Phone: +91 9980510040
Email: kamaljeet@hearingwellness.in
About Audientes A/S
Audientes is one of the new players in the global hearing aid market. The company has developed a new self-fitting hearing aid, which will be rolled out in the Indian market in Q3 2021 before being introduced to the US OTC market and other markets. Audientes' mission is to help the many millions who suffer from disabling hearing loss but cannot afford to buy one of the expensive conventional hearing aids on the market.
Today, nearly 500 million people globally suffer from disabling hearing loss, of whom 400 million do not have a quality solution to address their hearing loss. This is indeed a global health issue. Audientes wants to be part of the solution to this issue by offering affordable, self-fitting binaural hearing aids for the benefit of all.
Audientes is headquartered in Copenhagen, Denmark, and is listed on Nasdaq First North Growth Market Denmark (AUDNTS).
For additional information about Audientes’ financial position and development, please refer to the company’s website (www.audientes.com).
About Hearing Wellness Clinic
Hearing Wellness Clinic was founded in 2006 in Bangalore, India. With clinics in locations spanning southern India from Mangalore to Chennai, Hearing Wellness Clinic’s vision is to be the market leader in the region with an unsurpassed reputation for reliable and unique quality products and services in the hearing care domain.
This announcement is originally published in English. In case of any discrepancy between the English version and the Danish translation, the English version prevails.