Valencell sees triple digit growth for the second consecutive year
Valencell has experienced another record year of growth for its PerformTek biometric sensor technology in 2015, having achieved a 133 percent increase over 2014.
With over 25 licensees to date, this marks the second consecutive year that Valencell has seen triple digit growth in PerformTek license contracts.
The company saw significant growth, particularly in wrist wearables, such as the recently released Caeden’s Sona Connected Bracelet and the Atlas Wristband.
Additionally, Valencall reported that several licensees have new earbud products and other form-factors currently in development that will launch in 2016.
Valencell’s PerformTek biometric sensor technology is driving many of the latest wearable products, as the company continues to expand its leadership in the growing wearables market.
Meanwhile, the wearables market recently recorded its 10th consecutive quarter of steady growth. Wearables vendors shipped a total of 21 million products in the third quarter of 2015 alone, according to IDC.
“We are seeing a clear shift in the market regarding the accuracy of biometric wearables,” said Dr. Steven LeBoeuf, president of Valencell. “It seems in years past, wearable device brands added what they hoped were ‘good enough’ biometrics to their wearables, particularly at the wrist. However, now many are recognizing that positive user experiences require highly accurate biometrics that can support a roadmap of new capabilities. This is driving a new phase of demand for Valencell’s technology.”
Valencell recently announced it experience 70 percent growth in granted patents in 2015, with eight new patents granted by the United States Patent and Trademark Office. This has brought the company’s total number of granted patents to more than 20, with dozens of additional patents pending.