21/4/21 NUHEARA COMMENCES MASS PRODUCTION OF HP ELITE WIRELESS EARBUDS (attached)

Highlights

• HP commissions Nuheara for mass production of HP Elite Wireless Earbuds
•  First HP branded product to be manufactured by Nuheara under the recently announced threeyear umbrella supply agreement with HP
•  Elite Wireless Earbuds will initially be offered as an option bundled with select HP notebook computers
•  Manufacturing of Elite Wireless Earbuds has commenced with shipping expected from early May 2021.

This notice follows NUH's Announcement 9/3/21

NUHEARA RECEIVES U.S. FDA REGISTRATION AND HEARING AID DEVICE LISTING

Highlights

•  Nuheara obtains US FDA establishment registration and medical device listing for a hearing aid, IQbuds² PRO;
•  Alongside IQbuds² MAX, the IQbuds² PRO is the second product derived from the IQbuds² hardware platform;
•  Software developments currently in train that will provide greater hearing technology sophistication and higher levels of hearing enhancement;
•  IQbuds² PRO receives class 2 (medical device) 510(k) exempt classification, meaning there is no requirement to conduct clinical trials;
•  Multi-product strategy to broaden sales opportunities in US by catering to a growing base of underserviced customers with a wider spectrum of hearing loss;
•  IQbuds² PRO expected to be launched in US later in the calendar year.

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02351247-6A1023645?access_token=83ff96335c2d45a094df02a206a39ff4

DISC: I hold

Nuheara Limited (ASX: NUH)(Company or Nuheara) has delivered strong growth for the FY21 Half Year (H1 FY21) with $6.9m in invoiced revenue; a result that has underpinned a positive EBITDA of $1.5m for the Company

•  H1 FY21 represents a 406% increase in invoiced revenue over H1 FY20: Exponential sales growth of the newly released IQbuds² MAX product in conjunction with a successful OEM collaboration with multinational technology company HP Inc.
•  $5.1m half yearly (year on year) improvement to Company’s EBITDA: A positive EBITDA of $1.5m that also resulted in a significantly improved net loss position of -$842k.
•  Close to break-even net operating cash flow: A significant improvement in net operating cash flow to -$86k.
•  HP Inc. relationship solidified with three-year umbrella manufacturing and supply agreement: Nuheara manufactured HP co-branded product on target to commence shipping in Q3.

DISC: Small holding

Nuheara Limited (ASX: NUH)(Company or Nuheara) continues to drive solid growth in FY21 with a strong second quarter (Q2): $4.81m in customer receipts and invoiced sales revenue of $3.37m. Total invoiced sales (net of returns) of $6.9m for the FY21 half year, represents 403% growth over the same 6-month period in FY20, and is a record for the Company.

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02332841-6A1016481?access_token=83ff96335c2d45a094df02a206a39ff4

Aslo earlier today

Nuheara Clears Backorders and Moves to Ship on Order Status 

Disc : I hold ~ Finally catching up RE Covid

HP Inc. LAUNCHES NUHEARA CO-DEVELOPED ELITE WIRELESS EARBUDS AT CES 2021

Highlights

• HP launches HP Elite Wireless Earbuds as the world’s most advanced earbuds for collaboration at the Consumer Electronic Show (CES) 2021;

• This is the first HP branded product to be manufactured by Nuheara under the recently announced three-year umbrella supply agreement with HP;

• The Elite Wireless Earbuds will be offered as an option bundled with select HP notebook computers or available separately for purchase; • The Elite Wireless Earbuds are expected to be available from April 2021.

DISC: I HOLD