- Hearing technology company Nuheara (NUH) has been awarded phase two works, worth $2 million, from U.S.-based, multinational IT company HP
- It follows the completion of proof of concept for an earbud variant, details of which are confidential
- The extension includes a purchase order for works associated with the development and engineering of the buds
- Nuheara partnered with HP in August and commenced work on accompanying software services
- Shares opened 1.9 per cent lower at 5.2 cents
Hearing technology company Nuheara (NUH) has been awarded phase two works under a collaboration agreement with HP, worth $2 million.
It follows the completion of a proof of concept for an earbud variant under development for the U.S.-based, multinational IT company, details of which are confidential.
The phase two extension includes a purchase order for works associated with the development and engineering of the buds.
CEO Justin Miller said the multi-staged partnership is a strong vote of confidence in the company’s technological innovation.
“This next stage of the HP collaboration agreement is the result of Nuheara’s globally recognised leadership in hearables innovation,” Justin stated.
“We are looking forward to deepening this strategic OEM [original equipment manufacturer] partnership over the coming months,” he added.
Nuheara partnered with HP in August and commenced work on accompanying software services.
Shares have been trading 1.9 per cent lower at 5.2 cents at 10:45 am AEDT.