Valencell sees huge demand in wearable technology products
Valencell announced it is seeing a huge demand from its licensees for its wearable biometric technology which stems not only from fitness and health sectors, but as well as responders/military and gaming industries.
“A wearable is only as useful as the biometric data it delivers. As a result, accuracy is the ultimate driver in long-term mass consumer adoption of wearable products,” said Dr. Steven LeBoeuf, president of Valencell. “We have invested years of research and development into our PerformTek biometric sensor technology – the only clinically validated optomechanical sensor technology that has been proven to deliver highly accurate, continuous heart rate monitoring and other key metrics vital to tracking performance.”
This year alone, Valencell has seen a 300% increase in licensing partners for its PerformTek biometric technology.
The company has also expanded into the gaming and first responder/military markets, where highly accurate biometric data is also in high demand.
Valencell CEO Michael Dering believes that the wearable industry is approaching a turning point, with the rise of new products available in a range of form factors providing consumers with a wide selection but limited information about what product works the best.
“Over time, we predict the products that provide the most accurate, comprehensive data will be the wearables that consumers will choose,” said Dering.
In a recent Nielson Connected Life report that addressed the appeal of wearable technology, 70% of survey participants said singled out accuracy as a preferred feature of their wearable product.
Intel, LG, and Jabra have all partnered with Valencell to license PerformTek biometric technology for their wearable products.
Previously reported, Valencell opened a new sports performance lab at its Raleigh, North Carolina headquarters, designed to meet the demands of its existing and new licensee partners seeking to develop and validate biometric wearable products.