Business
InnerScope Hearing Technologies,Becomes a Hearing Aid Manufacturer with the Signing of a 10-Year Hearing Aid Manufacturing, Design and Joint Marketing Agreement with Zounds Hearing, Inc.
InnerScope Hearing Technologies,Becomes a Hearing Aid Manufacturer with the Signing of a 10-Year Hearing Aid Manufacturing, Design and Joint Marketing Agreement with Zounds Hearing, Inc..
About this update from Innerscope Hearing Technologies, Inc.
[{"type":"text","content":"\nThe agreement allows InnerScopeto design and manufacture its own high quality hearing aid device brandsalong with InnerScope being recognized as one of only 13FDA registered manufacturer of hearing aid devices worldwide.\n\n \n \n \n \n \n \n \n \n \n \n \n Demo Red\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n ZOUND\n \n \n \n \n \n \n \n \n\n ROSEVILLE, Calif., Oct. 03, 2018 (GLOBE NEWSWIRE) --  via OTC PR WIRE -- InnerScope Hearing Technologies Inc. (OTCQB:INND) announced today it has signed a 10-Year Manufacturing, Design and Marketing Agreement (\"Agreement\") with Zounds Hearing, Inc. (\"Zounds\"). Zounds is a FDA registered manufacturer of hearing aids, related components, and accessories sold under the brand name \"Zounds.\" Zounds is distributed through multiple marketing and distribution channels including Zounds branded retail locations. Under the Agreement, Zounds will be a subcontractor for InnerScope, providing all of InnerScope's design, technology, manufacturing, and supply chain services. These services and resources will be shared between Zounds and InnerScope thereby lowering the cost for both companies. The agreement allows InnerScope to leverage the tens of millions of dollars Zounds has invested in engineering, manufacturing, and supply chain capabilities. InnerScope also has the right to access Zounds' research and development and technology breakthroughs in advanced audio technology contained within its 52 exclusive patents providing unrivaled hearing aid sound quality and clarity. In addition, InnerScope and Zounds will execute a joint marketing agreement to assist each other with marketing in other distribution channels and leverage each company's relationships across both companies' brands. The marketing agreement will also allow InnerScope to add and market Zounds current extensive product portfolio through all of InnerScope's distribution channels. InnerScope, known as a distributor and marketer of affordable high quality hearing aids through multiple distribution channels, will now become a registered FDA hearing aid manufacturer. The FDA registered medical device facility located in Chandler, Arizona, will also warehouse its manufactured hearing aids and related components and accessories. InnerScope will now join the select few worldwide traditional manufacturers of hearing aid devices (no...