Compumedics, a Melbourne-based medical technology company, has signed a history-making deal with Health 100, a Chinese health company. This deal has the potential to transform China's sleep healthcare.
In the agreement, Health 100 commits to buying 1 million Somfit devices over 2 years with an anticipated revenue of AU$133m. The Somfit (not yet in production) is a wearable sleep fitness tracker billed as the 'gold standard in sleep technology'. The sleep tracking device can accurately measurements the time you spend in REM, deep sleep or light sleep.
Dr David Burton, Chairman and CEO of Compumedics, said “Getting to this point has taken Compumedics 30 years of product and technology innovation and development, and together with Health 100 we will make history transforming health and lead the way of the future for primary, secondary and tertiary community-wide healthcare”.