Hosted by IDTechEx
Global Biotechnology Insights
Posted on November 3, 2020 by  & 
External Company Press Release

WearOptimo's Strategic Partnership Agreement With Aspen Medical

A key milestone on our commercial journey was reached today with the announcement of a partnership between WearOptimo and Aspen Medical.
 
WearOptimo is now engaged with Aspen Medical for the development and distribution of particular Microwearable sensors in key markets.
 
Aspen Medical is a global provider of innovative and tailored healthcare solutions and has extensive connections to mining, resource and energy sectors where hydration monitoring of workers is of paramount importance.
 
By 2030, millions of global working hours will be lost due to heat stress and dehydration, and countless lives at risk. "With higher global temperatures, the Asia-Pacific region especially will experience serious productivity losses from workers who become dehydrated. The elderly and sick are also at heightened risk. The healthcare costs of dehydration run into many billions of dollars. By providing individuals with a measure of their own hydration, action can be taken immediately, before performance is impaired or health is risked," WearOptimo Founder and CEO Professor Mark Kendall said.
 
"Microwearable sensors are designed to access patient's vital signs, in situations where time really matters. In the case of a heart attack, early warning is the difference between life and death. The plan is to manufacture within Australia, creating local jobs, and export globally with the help of Aspen Medical," Professor Kendall said.
 
 
Aspen Medical Founder and Executive Chairman Glenn Keys AO said, "We're delighted to be partnering with WearOptimo and excited about the potential for Microwearable devices across the resources, aged care and defence sectors, where heat stress awareness is an ongoing concern".
 
ANU Vice-Chancellor Professor Brian Schmidt said, "As we look to rebuild Australia after the COVID-19 pandemic, we need sovereign capability to drive innovation in manufacturing, including in med-tech. This partnership between WearOptimo and Aspen Medical will do just that. It will see two Australian-based companies playing a leading global role in the future of health, while improving the lives of millions of Australians and people all over the globe. The tech may be micro, but the impact will be huge."
 
Source - WearOptimo
 
 
About WearOptimo
 
Drawing upon team's experience of team's experience of over 20 years of developing minimally invasive, functional skin based medical devises, WearOptimo is working on next generation wearable devices for continuous monitoring in precision health.
 
Established in 2018 by Professor Mark Kendall, WearOptimo has already achived impressive milestones:
  • filed strong patent suite
  • awarded two grants from the Australian Government (>$1.8m) under the MTP Connect Biomedical Technology Horizons Grants program
  • opened our Brisbane offices and laboratory supported by the Queensland Government
  • established a world leading interdisciplinary team from the world's top universities including the Australian National University, University of Oxford, University of Cambridge and Stanford University
  • successful validation of core Microwearable™ technology
  • operational prototype of Microwearable™ device
 
 
 
About Aspen Medical
 
Founded in 2003 by Glenn Keys AO, Aspen Medical is an Australian-owned, multi award-winning, global provider of guaranteed and innovative healthcare solutions across a diverse range of sectors and clients including Defence, Mining & Resources, Oil & Gas, Government and Humanitarian.
 
In just over a decade we have become the world leader in the delivery of healthcare solutions in any setting, particularly those that are remote, challenging or under-resourced. We offer our clients a tailored and flexible service wherever it is needed, from a single paramedic to a full spectrum solution.
 
Our competitive advantage lies in superior project management and the quality of our team. We pride ourselves on a customer-centric approach and a 'can do' attitude.
 
Today, we operate across Australia, the Pacific, Africa, the Gulf region, the UK and the USA, and we employ more than 2,500 dedicated, experienced and highly-trained professionals.
 
 
IDTechEx Research
 
To find out about the wearable technology and healthcare market research from IDTechEx External Link, please visit www.IDTechEx.com/research.
 
The wearable technology and healthcare market research portfolios include:
 
 
 
 
 
Wearable Technology Insights and Global Biotech Insights
 
Click here to subscribe for free updates from Wearable Technology Insights and Global Biotech Insights.
More IDTechEx Journals