Sonomax Launches Self-Fit Hearing Protection Device
23 Octubre 2012 - 6:00AM
Business Wire
Sonomax Technologies Inc. (TSX-V: SHH) is pleased to
announce that its new Self-Fit hearing protection device, which has
been 18 months in development, is now ready for pre-sales. The
product will be showcased at the upcoming National Safety Council
Congress & Expo in Orlando, Florida from October 22-25 as well
as at The Safety Show in Sydney, Australia from October 23-25.
Sonomax currently has orders for 10,000 units. In addition, Sonomax
reports that Master Distributors for the new Self-Fit hearing
protection device have been set up in the United States, Europe,
Africa and Oceania.
“With 100,000 users, the industrial business is one in which
Sonomax has gained an excellent reputation over the years,
particularly in the mining sector with such notable clients as BHP
Billiton in South Africa and Australia” said Nick Laperle,
Sonomax’s President & CEO. Mr. Laperle added, “Sonomax
will focus on selling hearing protection and communication devices
to the mining, oil & gas and heavy industries in 2013.” To view
the new Self-Fit hearing protection video, click here.
General Update
Licensing. Sonomax has engaged the services of
MADE Global Brands to continue its previously-announced licensing
initiatives. Under the terms of the new agreement, MADE will
receive a 10% agent fee only on generated revenues. The agreement
is success-based and allows MADE to earn up to a 19% equity
interest in Sonomax based on the achievement of major milestones,
subject to regulatory approval. This agreement will allow Sonomax
to focus almost exclusively on hearing protection in 2013-2014.
Ongoing R&D. While R&D is still at the core of
Sonomax’s long-term success, the Company will rely on its Research
Chair partners at the École de technologie supérieure (ETS) in
Montreal to advance the path towards the Bionic ear and other
important initiatives in the product-development pipeline. Sonomax
will seek development contracts from OEM and ODM customers to
support its infrastructure and will focus on maximizing the value
of its Intellectual Property portfolio.
About Sonomax
Sonomax Technologies makes the world’s most advanced hearing
protection products to prevent the # 1 occupational disease, Noise
Induced Hearing Loss (NIHL). The Company offers OEM, ODM and
aftermarket clients a broader range of opportunities in customized
earpieces using SonoFit for the Consumer, Military and Health
markets.
This news release contains certain forward-looking statements
that reflect the current views and/or expectations of Sonomax
Technologies Inc. with respect to its performance, business and
future events. Such statements are subject to a number of risks,
uncertainties and assumptions. Actual results and events may vary
significantly. The TSX Venture Exchange has not reviewed and does
not accept responsibility for the adequacy or accuracy of this
release.
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