Audientes A/S

Audientes signs collaboration agreement with one of the top 3 hearing care providers in India, Ear Solutions

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Audientes A/S and Ear Solutions, India, today announce a Collaboration Agreement for the sale of Audientes' self-fitting hearing aid, Ven™, in Ear Solutions Pvt Ltd clinics and distribution network spanning 18 states and 70+ points of sale.

Audientes has entered an additional collaboration agreement in India with one of the top 3 hearing care providers nationwide, bringing the total number of Audientes partners to eight. Today's announcement with Ear Solutions means that Ven will now also be available via Ear Solutions clinics and resellers’ network. Today, Ear Solutions operates 23 of their own point-of-sale (POS) and a distribution network of more than 50 POS across 18 of India’s 28 states.    

Significantly increases our potential for market penetration

“Adding Ear Solutions to our growing India partner network is a significant step for Audientes on our journey to bring our self-fitting hearing aid Ven to the millions of people who need it. As one of the top 3 hearing care providers in the country, and with an extensive distribution network, this agreement significantly increases our potential for market penetration in India. We are delighted to welcome Ear Solutions to our partner network and are very excited to begin working with their team,” says Steen Thygesen, CEO, Audientes A/S.


A high acceptance rate among new customers

Mr. Vishwajeet Vishnu, Managing Director, Ear Solutions comments: “I am delighted to partner with Audientes and add Ven to our product portfolio. Already today, there are several cities in our distribution network where I believe Ven will significantly increase my customer conversion rates and add a new type of customer profile to our target groups.  The attractive retail price of Ven, the new form factor and its audio streaming and other features are quite appealing, and I expect a high acceptance rate among new customers who have yet to purchase a hearing aid.  We are very excited about the possibilities Ven opens for Ear Solutions."


Ear Solutions expects to commence sales of Ven in Q1 2022.

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Contacts

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 Pvt. Ltd.
Phone: + 91 91770 49678
Email: rr@audientes.com


Mr Vishwajeet Vishnu, Managing Director,
Ear Solutions Pvt. Ltd., India
Phone: + 91 74383 97129
Email: vishwajeet@earsolutions.in

Documents

About Audientes A/S

Audientes A/S
Audientes A/S
Teknikerbyen 5, 2.
2830 Virum, Denmark

+45 77 34 16 80https://www.audientes.com/

About Audientes A/S

Audientes A/S is a Danish technology company specializing in smart, self-fitting and affordable hearing aids. Audientes’ unique hearing aid solution, Ven™, is in the process of being rolled out in the Indian market, before being introduced to the US OTC market and other markets thereafter. Audientes’ mission is to help the 400 million people globally suffering from disabling hearing loss who cannot afford to buy one of the very expensive conventional hearing aids on the market. Audientes is headquartered in Copenhagen and has a subsidiary in Hyderabad, India. In 2020 the company was listed on Nasdaq First North Growth Market Denmark (Ticker: AUDNTS).

For additional information please refer to the company’s websites, www.audientes.com or www.audientes.in

About Ear Solutions

Ear Solutions was established in 2012 in Delhi and is one of the Top 3 hearing care providers in India by volume. The company provides a wide range of services including consultation, hearing tests, dispensing of hearing aids and after-sales service.

For additional information, please refer to the company’s website: www.earsolutions.in 

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