American Diabetes Association recognizes iHEAR® Medical as a National Strategic Partner to improve the lives of millions affected by diabetes and hearing loss

iHEAR® Medical will support the American Diabetes Association’s mission to improve the lives of the growing number of Americans affected by diabetes and hearing loss.

 

(San Leandro, CA) Hearing loss and diabetes are two of America’s most widespread health concerns, both on the rise. Nearly 48 million American adults have disabling hearing loss, according to the Center for Hearing and Communication, and more than 30 million adults in the U.S. have diabetes. Hearing loss is about twice as common in adults with diabetes as those who do not have the disease, reports the National Institutes of Health. With a parallel commitment to improving the lives of people affected by hearing loss and diabetes, iHEAR® Medical, Inc. and the American Diabetes Association will work to improve awareness and education about new technologies for self-screening and addressing hearing loss among those with diabetes or prediabetes.  www.ihearmedical.com/diabetes

 

iHEAR® Medical, Inc. was founded in 2010 with a mission of reducing the cost of advanced hearing technology to make it affordable and accessible to everyone. As many people with diabetes know, self-monitoring of blood glucose levels is critical. Now, like diabetes, hearing loss can also be self-monitored with the first and only FDA-cleared home hearing assessment kit on the market, called the iHEARtest™ from iHEAR® Medical.

 

Tracey D. Brown, CEO of the American Diabetes Association says, “The American Diabetes Association and iHEAR have a strong commitment to improving the quality of life for millions of Americans who are affected daily by their diabetes or hearing loss, or both combined.
With the prevalence of hearing loss among diabetics, and as someone who lives with type 2 diabetes, I recognize the significance of innovative new technologies such as what the iHEARtest is providing, that give our population the ability to affordably and easily monitor our own hearing and then make informed decisions about the available solutions.”
Founded in 1940, the American Diabetes Association (ADA) is the nation’s leading voluntary health organization whose mission is to prevent and cure diabetes, and to improve the lives of all people affected by diabetes. Nearly half of American adults have diabetes or prediabetes; and every 21 seconds, another individual is diagnosed with diabetes in the U.S.

 

John Luna, CEO of iHEAR® Medical, Inc. said, “With the growing number of adults suffering from hearing loss – many of whom also have diabetes or pre-diabetes – iHEAR is honored to align with the American Diabetes Association as a National Strategic Partner and help with awareness, education, and solutions for people struggling with diabetes, their families and others about safe, effective hearing health solutions in self-care, from assessment to solution.” Luna added, “Our consumer-friendly solutions allow people to take control of their hearing needs – including their ability to determine a hearing loss and to what degree, as well as knowing whether they would benefit from the use of a hearing aid or personal amplification product based on their Hearing Number™.”

 

About the American Diabetes Association
Approximately every 21 seconds, someone in the United States is diagnosed with diabetes. Nearly half of the American adult population has diabetes or prediabetes, and more than 30 million adults and children are living with the disease. The American Diabetes Association (ADA) is the nation’s leading voluntary health organization on a mission to prevent and cure diabetes, as well as improve the lives of all people affected
by the disease. For nearly 80 years, the ADA has driven discovery by funding research to treat, manage and prevent all types of diabetes, while working relentlessly for a cure.
Magnifying the urgency of this epidemic, the ADA works to safeguard policies and programs that protect people with the illness, those at risk of developing diabetes and the health care professionals who serve them by initiating programs, advocacy and education efforts that can lead to improved health outcomes and quality of life. To learn more or to get involved, call 1-800-DIABETES (1-800-342-2383) or visit us at diabetes.org.
Information is available in English and Spanish. Join the conversation with us on Facebook (American Diabetes Association), Twitter (@AmDiabetesAssn) and Instagram (@AmDiabetesAssn).

 

About iHEAR® Medical, www.ihearmedical.com
What’s your hearing number?™ The future of hearing technology has arrived with iHEAR® Medical. Dedicated to affordable and accessible hearing solutions, featuring state-of-the-art technology with an intuitive and elegant design, iHEAR® Medical has a list of firsts. Founded in 2010, iHEAR® Medical continues to shape the future of hearing solutions with the first FDA-cleared over-the-counter iHEARtest™ home screener, and its hearing aid solutions, iHEARhd®, iHEARmax™, Eva™ by iHEAR®, and the personal sound amplification product TReOTM by iHEAR® 3-in-1 Amplifier. iHEAR® holds more than 50 U.S. and international patents and patent applications for its products and services.

 

 

Michael G. Potter Joins Board of Directors

iHEAR Medical welcomed Michael G. Potter to its Board of Directors.  Potter is an experienced executive in the private and public sectors, most recently as Chief Financial Officer with Canadian Solar Inc., one of the world’s largest solar companies, and interim CFO with Amber Kinetics, a US-based start-up with an innovative flywheel energy storage system. Potter brings a proven track record of execution with IPO-track teams and with publicly listed companies, with extensive experience in global operations including in China, Singapore, the United States, and Canada. “Michael brings deep business and financial experience and we look forward to leveraging his expertise in developing new channels to deliver our low-cost ground-breaking products to the global market,” stated Adnan Shennib, Founder and President of iHeAR Medical.

iHEAR Medical offers a wide range of innovative hearing products and services, including the only FDA-cleared OTC home hearing test, advanced customized hearing aids for discreet wear, and remote professional support by licensed hearing professionals to serve local communities anywhere with online access.

For more information on becoming a partner or a distributor for iHear Medical please visit www.ihearmedical.com/retail

About Hearing Loss

Hearing loss is a global problem of epidemic proportions with about 5% of the world’s population, or approximately 360 million people, suffering from a disabling level of hearing loss, according to the World Health Organization (WHO). The current supply of hearing aids serves less than 10% of global demand with over 90% of the hearing impaired remain untreated due to persistent barriers, including high cost, complex dispensing procedures, and the stigma of visibly worn traditional hearing aids.

Recent studies indicate a significant rise in hearing loss prevalence due to an aging population, an increase in environmental noise, and the use of personal listening devices. Hearing loss is associated with a wide range of social, economic, and health problems caused by communication barriers and reduced access to health care for those suffering from hearing loss.

About iHear Medical, Inc.

iHEAR Medical is a venture-backed firm dedicated to addressing the global need for affordable and accessible hearing solutions. iHEAR’s products and business models break through the persistent barriers that prevent people with hearing loss from using hearing aids. iHear Medical is pioneering online-based and OTC hearing solutions with over 48 U.S. and international patents issued and pending in its intellectual property portfolio. The cloud-based platform delivers effective hearing solutions at a fraction of the cost of conventional products, bringing the price of customized prescription-quality hearing aids in line with prescription eyeglasses. For more information on iHear Medical, visit: www.ihearmedical.com

Minglie Hu Joins Board of Directors

FOR IMMEDIATE RELEASE, May 6, 2014

iHear Medical welcomed Minglie Hu, founding partner with Lighthouse Capital, to its board of directors. Mr. Hu holds an MBA from UCLA Anderson School of Management. “I am excited to join iHear Medical to help bring its revolutionary hearing solutions to the market in the US and later to the Chinese market,” stated Minglie Hu.

In April of 2014 iHear Medical shattered its Indiegogo crowdfunding campaign goal by almost four-fold raising a total of $248,950 from about 1,000 backers pre-ordering the web-enabled iHearHD™ hearing device. “Our products are designed from the ground up for affordability and dispensing more directly to consumers, either at home or mass market retailers,” stated Adnan Shennib, Founded and CEO of iHear Medical. The iHearHD is a high quality 100% digital hearing aid worn discretely inside the ear.

Key features of the iHearHD include:

  • Affordability – Retailing under $200 per hearing aid, saving consumers thousands of dollars
  • Self-Adjustment – iHear’s online tools empower consumers to adjust their own hearing aid settings at home
  • Discrete – Miniature design fits invisibly inside the ear
  • Alternative Distribution Channels – Delivering advanced hearing solutions to consumers at home and in retailing chain stores

About Hearing Loss

The World Health Organization (WHO) estimates that 5% of the world’s population, or approximately 360 million people, suffer from a disabling hearing loss. While 95% of individuals with hearing loss can be successfully treated with hearing aids, less than 10% use them due to persistent barriers including high cost, poor performance and quality, limited access, and the stigma associated with wearing a visible hearing aid.

Recent studies indicate significant rise in hearing loss prevalence due to an aging population, increase in environmental noise, and the use of personal listening devices. Hearing loss is associated with a wide range of social, economic, and health problems caused by communication barriers and reduced access to health care for those suffering from hearing loss.

About iHear Medical, Inc.

iHear Medical is dedicated to creating affordable and accessible hearing solutions, featuring superior sound quality and innovative web-enabled tools. We are changing the way consumers deal with hearing loss by offering high-quality hearing products directly to the consumer at a fraction of the cost. Our patented online platform and professional customer support enable consumers to directly control the dispensing process from the comfort and privacy of their homes. Our founders have led and launched several successful Silicon Valley companies and demonstrated an exceptional track record in bringing novel hearing solutions to the market. The iHear team holds over 100 US and International patents in miniature hearing electronics and medical devices.

iHear Medical is headquartered in the San Francisco bay area.

For more information on iHear Medical, visit:  ihearmedical.com

 Contact:

Investor and General inquiries:

marketing@ihearmedical.com

Jonathan Leong Joins Board of Directors

FOR IMMEDIATE RELEASE, Feb 7, 2012

Jonathan Leong Joins Board of Directors

Innovative California firm developing novel hearing enhancement products to change the way consumers access and use hearing aids

The company welcomed Jonathan Leong to its board of directors. Mr. Leong is the founder of many successful Bay Area businesses including commercial insurance firms serving Pacific Gas & Electricity, City of San Francisco, Bay Area Rapid Transit District (BART), the Port of Oakland, and Self Help for the Elderly. Mr. Leong was awarded the “Excellence 2000 Award” by the U.S. Pan Asian American Chamber of Commerce for outstanding service to the community for his involvement as founder of the Asian American Donor Program (AADP) which has saved hundreds of lives. “I have been studying the hearing aid market for years, and I am excited to join iHear Medical which addresses the importance of communication through hearing and solving challenges for the hearing impaired,” stated Jonathan Leong.

About Hearing Loss

Recent studies and industry reports indicate over 40 million Americans, approximately one in three adults, suffer from hearing loss with prevalence predicted to rise significantly due to an aging population and the growing use of personal listening devices. Leading researchers are increasingly concerned that the US may be facing an epidemic of hearing impairment.

Hearing loss is associated with a wide range of social, economic, and health problems caused by communication barriers and reduced access to health care for those suffering from hearing loss.

About iHear Medical, Inc.

iHear Medical is a venture-backed firm incubated by the Center for Medical Device Innovations, Inc. (CMDI) which focuses on developing novel platform technologies to create paradigm shifts in healthcare delivery. iHear Medical is founded by Adnan Shennib who led the development of major medical device innovations in Silicon Valley with over 100 issued and pending patents to date. Early backers of iHear Medical include Aphelion Capital and Highlight Capital. Shennib also founded InSound Medical in 1998 where he invented and developed the Lyric® hearing device, a recipient of Medical Device Excellence Award and

featured in major media outlets including CNN, New York Times, Dr Oz Show, USA Today and Inc. Magazine. InSound Medical acquisition by Sonova-Phonak has completed in 2011for a total of $169M. iHear Medical is Shennib’s latest venture dedicated to creating affordable and accessible hearing aid solutions for consumers.

For more information on iHear Medical, visit: www.ihearmedical.com

Investor and General inquiries:

info@ihearmedical.com

For more information on iHear Medical, visit: www.ihearmedical.com

iHear® is a registered trademark of iHear Medical, Inc.

Lyric® and InSound® are trademarks of InSound Medical, Inc.