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Audeara Ltd. ( (AU:AUA) ) has provided an announcement.
Audeara Limited has entered a Licensing Agreement with Eastech (Huizhou) Co., Ltd. to introduce its hearing technology into the Chinese market. This strategic partnership will leverage Eastech’s regulatory capabilities and e-commerce distribution channels to reach millions of consumers in China, where hearing loss is a significant issue. The collaboration marks a crucial step in Audeara’s global expansion strategy, with the product launch expected in the latter half of 2025. The agreement, which includes royalties per unit sold, is set for an initial five-year term and is anticipated to enhance Audeara’s market positioning in the hearing health industry.
More about Audeara Ltd.
Audeara Limited is a leading provider of advanced hearing health technology, focusing on the development and distribution of proprietary hearing solutions. The company aims to expand its market presence globally, particularly in the medical device sector.
Average Trading Volume: 161,233
Technical Sentiment Signal: Sell
Current Market Cap: A$3.42M
See more insights into AUA stock on TipRanks’ Stock Analysis page.