Audientes enters the first phase of mass production

20.1.2022 08:58:14 CET | Audiences A/S | company announcement

Audientes announces today that it has now entered the first phase of mass production of Ven™ by Audientes with the first batch of marketable devices now shipping to the Indian market.

Company announcement no. 1-2022
January 20, 2022

This announcement contains inside information

In line with the company’s previously communicated rollout strategy, Audientes has now entered the initial mass production phase of its self-adjusting hearing aid, Ven, with the first shipment, in branded packaging ready for sale at retail, now off the production line and in transit. at India.

The shipment is for channel education and sales support and is therefore primarily distributed to key stakeholders in Audientes’ growing partner network in India. Today, Audientes has six partners and more than 100 points of sale covering the North, South, East and West India.

A crucial step on the way to market

“This is a momentous day for us and a crucial step in our journey to market. Now we have our first shipment of salable devices on their way to India. With an order book of over 1250 orders and new orders every day, I am delighted to put these devices in the hands of our partners, all of whom are keen to promote Ven to consumers in their nationwide network of outlets. ,” said Steen ThygesenCEO, Audiences A/S.

Enable mass market penetration

Audientes has moved into mass production since the end of the fourth quarter of 2021. A key part of this has been extensive product testing, including comprehensive evaluations of Ven’s Bluetooth technology, which is a requirement by Indian authorities for y sell commercially.

“With the significant technical boost Ven received last year, we needed to ensure that our hearing aid meets the official standards required for a Bluetooth-enabled device. I’m happy to say that we met the requirements and that local approval is now pending from the Indian authorities, enabling Ven’s mass market penetration,” says Steen Thygesen.

Ven production will now ramp up with full mass production slated for February.

For more information, please contact:

CEO Steen Thygesen

Telephone: +45 53 17 26 10
Email: st@audientes.com
www.audientes.com

Certified Advisor

Capital Partner A/S
Telephone: +45 89 88 78 46
www.kapitalpartner.dk

About Audientes A/S

Audientes A/S is a Danish technology company specializing in smart, self-adjusting and affordable hearing aids. Audientes’ unique hearing aid solution, Ven™, is being rolled out in the Indian market, before being introduced in the US OTC market and other markets later. Audientes’ mission is to help the more than 400 million people worldwide with disabling hearing loss who do not have access to a hearing aid or cannot afford one. Audientes is headquartered in Copenhagen and has a subsidiary at Hyderabad, India. In 2020, the company was listed on Nasdaq First North Growth Market Denmark (Ticker: AUDNTS).

About Ven™ by Audientes

Ven™ from Audientes is a self-adjusting binaural (both ears) hearing aid. Designed and manufactured in Denmark, Ven is for people with mild to severe hearing loss in one or both ears. With an industry-leading built-in hearing test and Bluetooth capabilities, Ven combines the sound quality of a premium digital hearing aid with the next-generation functionality of a modern Bluetooth headset.

For more information, please visit the company’s websites, www.audientes.com and www.audientes.in

Attachments

• Audientes company announcement – mass production (220120).pdf

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