inHearing Technology Enhances Offerings with Intricon Acquisition

Author: Owen Jenkins Updated: 09-17-2024 10:39 PM

inHearing Technology Inc. Acquires Intricon's Hearing Health Business

inHearing Technology Inc., a fully-owned subsidiary of Huizhou Jinghao Medical Technology Co., Ltd., has recently announced a game-changing acquisition. The company is set to incorporate Intricon's Hearing Health Business into its operations, allowing for an expansion of innovative hearing solutions.

Intricon's Legacy and Market Position

For over 40 years, Intricon Inc. has established a formidable reputation in the hearing health sector, focusing on cutting-edge design and manufacturing of hearing technology. This includes their breakthrough advances in hybrid chip technology that have cemented their role as a pivotal player in the global hearing device market.

Transitioning into OTC Hearing Aids

With this acquisition, Jinghao Medical Technology aims to meld Intricon's sophisticated algorithms and technologies into the over-the-counter (OTC) hearing aid market. The intention is to leverage Intricon’s extensive expertise and international presence to push forward a legacy filled with innovation and enhanced service delivery to the industry.

Leadership Perspectives on the Acquisition

Shine Wang, the CEO of Jinghao Medical, expressed excitement regarding this strategic acquisition. He noted, "We are excited to announce the acquisition of Intricon's hearing assets. With this strategic move, Jinghao Medical is furthering its vertical integration to enhance our expertise in firmware and algorithm development, creating even more advanced hearing aid technology." This illustrates the commitment to enrich the hearing health landscape.

InHearing's Commitment to Innovation

Dr. XIONG Zhihui, CEO of inHearing, shared his enthusiasm about supporting the hearing market through this acquisition. He stated, "We are pleased to support the hearing market through our acquisition of Intricon's hearing assets. Our continued focus on advancing audiology algorithms, firmware, and hybrid hearing-aid chips enables inHearing to deliver high-quality innovative solutions in the industry. Our collaboration with Intricon over its 47-year experience makes this an exciting journey ahead."

Future Opportunities and Developments

The acquisition is anticipated to shift the dynamics of the hearing health industry, with both companies poised to benefit from shared technologies and expertise. This merger promises to open new opportunities for the growth of inHearing Technology as it seeks to enhance its market offerings further.

About inHearing Technology Inc.

inHearing Technology Inc. is dedicated to advancing hearing solutions and improving user experience. Located in Saint Paul, MN, with a strong commitment to research and innovation, the company is focused on integrating pioneering technologies that resonate with the evolving demands of consumers.

For media inquiries, you can reach out to inHearing Technology Inc. at:

Address: 2038 Ford Parkway 508, Saint Paul, MN 55116
Phone: +1 (651) 369-9360
Fax: +1 (651) 661-7719

Frequently Asked Questions

What motivated inHearing Technology Inc. to acquire Intricon?

The acquisition was driven by the desire to enhance expertise in firmware and algorithms while expanding innovation in the hearing aid market.

How will this acquisition benefit hearing aid users?

By integrating advanced technologies, the acquisition aims to develop more innovative solutions that better serve the needs of consumers.

What is Intricon known for in the hearing health industry?

Intricon has been a key player in the design and manufacturing of hearing solutions, especially noted for its advancements in hybrid chip technology.

What does inHearing Technology Inc. plan to do with Intricon's technologies?

They plan to weave Intricon's advanced algorithms into the OTC hearing aid market, enhancing their product offerings with sophisticated hearing technologies.

Where is inHearing Technology Inc. located?

The company is based in Saint Paul, MN, and is committed to pushing the boundaries of hearing technology innovation.

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