Cochlear expands agreement with GN

Company News

by Anna Napoli

Hearing device manufacturer Cochlear (ASX:COH) has signed a new agreement with audio solutions company, GN.

The agreement will significantly expand the current collaboration between the companies, the Smart Hearing Alliance.

The Alliance was developed in 2015 to develop the most integrated, best in class hearing solutions – giving hearing aid and cochlear implant recipients access to the latest in connectivity and wireless technology.

The expansion of the relationship includes joint R&D and shared technology.

The companies are now focused on their integrated product offering and expanding their presence in the clinical hearing aid and implantable hearing solutions market globally.

The announcement comes on the back of new news earlier this week that Cochlear will appeal a US$268 million district court fine following a patent infringement lawsuit.

 Shares in Cochlear (ASX:COH) shares closed 1.01 per cent higher to $173.02.

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.