Huami Corporation (“Huami” or the “Company”) (NYSE: HMI), a biometric and activity data-driven company with significant expertise in smart wearable technology, today hosted an annual press conference in Beijing, focusing on strategies. During the press conference, Wang Huang, the Company’s Chairman and CEO, announced Huami’s corporate mission: Connect Health with Technology. Driven by this mission, Huami is committed to establishing a global healthcare ecosystem, while being the most trusted partner of its users. Mr. Huang also reviewed the Company’s 2019 achievements and provided his vision for 2020.
During the press conference, Mr. Huang announced a strategic partnership with AliveCor, Inc. (“AliveCor”), the leader in artificial intelligence (“AI”)-based personal ECG technology, and a provider of enterprise cardiology solutions with CE and FDA clearance. Also announced in the conference was a strategic memorandum with Peking University First Hospital to jointly promote heart health management programs.
For 2019, Mr. Huang emphasized three strategic focus areas for Huami, including smart wearable products, proprietary AI chip, and cloud-based services.
First, Huami has achieved strong smart product sales in 2019. As announced in the Company’s third quarter 2019 earnings release, for the first nine months of 2019, both total shipments and revenue increased by over 50% year-over-year.
In 2019, the Company witnessed strong growth for its Amazfit brand. The Amazfit product expanded to six product lines and 39 SKUs to meet the diversified needs of a wide customer base. The Company’s persistent investment in smart watch product line diversification has achieved an initial success. In the Double 11 shopping festival this year, Amazfit products ranked first in sales in the below RMB1,000 smart watch category in both JD and Tmall’s Double 11 sales event period respectively.
The second strategic area of focus is Huami’s proprietary AI chip, Huangshan-1, which is used in Huami’s flagship smart watch products. Huangshan-1 enabled 24X7 health monitoring functionality, and significantly improved the efficiency of atrial fibrillation detection by 200% compared with non-AI chips.
The third strategic focus area for Huami in 2019 was its cloud-based services. As the Company’s product shipment increases at a fast pace, Huami’s cloud-based service and infrastructure are rapidly accumulating biometric data. As of September 30, 2019, Huami had collected data sets encompassing 7 billion nights of sleep and 21.1 billion hours of heart rate monitoring. Huami also improved its data monitoring dimensions and accuracy, by detecting close to 70,000 atrial fibrillation initial screenings.
Leveraging the Company’s AI algorithms and dedicated healthcare team, Huami also introduced new VIP healthcare services this year. These services allow users to access to ECG readings and analysis, abnormal cardiac notification alerts and quarterly health reports, as well as numerous other tools that are part of various premium service packages.
At the press conference, Mr. Huang expounded upon Huami’s corporate mission: Connect Health with Technology. He also provided his long-term vision for the Company and his expectations going into 2020.
Healthcare has always been a focus for the Company since Huami was founded in 2013. From the Mi-Band 1, which had healthcare functionality such as step counting and sleep monitoring, to the cutting-edge AI chip Huangshan-1. According to a recent Morgan Stanley research report, the global health care market was estimated to be six times the size of the smartphone market. Mr. Huang believes smart watches are more than a simple duplication or replacement of smartphones; they are a much more powerful and revolutionary product, with wider healthcare functionalities that are not offered by smartphones.
In response to the recent smart watch launch by Xiaomi Corporation (“Xiaomi”), Mr. Huang commented that Huami will continue to maximize operational and strategic synergies with Xiaomi in order to achieve win-win results for both companies, while at the same time keeping Huami’s own financial health at the forefront of all cooperative agreements. He reiterated that “exclusivity” is not part of Huami’s strategic cooperation agreement with Xiaomi, and that the agreement with Xiaomi states the partnership as “most preferred” (as disclosed in the Company’s IPO prospectus filed with the SEC). The agreement between Huami and Xiaomi is one of mutual respect and offers both parties a choice to weigh pros and cons for engagement on a product by product basis. Mr. Huang stated his confidence that Huami will continue to be a significant member of Xiaomi’s ecosystem. Following the launch of Mi-Band 4 earlier this year which is the most successful Mi-Band launch in the history of the product line, and the recent Mi-Band 3i for India, Huami is currently working diligently on the Mi-Band 5.
Looking into 2020, Huami plans for mass production of the next generation AI chip Huangshan-2, which has already completed the initial design phase. Huangshan-2 will be more intelligent than its predecessor and enable more healthcare service functions to further differentiate our future smart watch products.
Huami strives to complement its product revenues with services and content revenues. The Company will continue to develop its cloud-based healthcare services through further cooperation with Peking University First Hospital and jointly promote heart health management programs, following the execution of a strategic memorandum.
Huami and Peking University First Hospital have previously collaborated on a clinical trial. The research results indicated that the accuracy of atrial fibrillation detection through ECG and PPG, using Huami smart wearables, has reached 94.76% and 93.27%, respectively, similar to the accuracy level of professional physicians. This demonstrated that people can manage their cardio health both effectively and remotely through the use of smart wearable devices.
Huami also plans to sell more hardware and services overseas. In October, Huami established a strategic partnership with AliveCor, a transforming cardiological care provider using deep learning. AliveCor’s ECG solution has received FDA approval and has been widely recognized clinically. At present, AliveCor and top medical institutions such as the Mayo Clinic and Cleveland Clinic are conducting extensive cooperative clinical research, algorithm development, and AI data training. This collaboration will explore the opportunity to deliver new high-performance ECG form factors to global markets.
In the upcoming CES event in Jan. 2020, Huami will also release new products and new product categories which will open up Huami’s rapid 2020 oversea marketing expansion and product release actions.
SOURCE Huami Corporation
Powertrain Sensor Market Worth $24.7 Billion by 2027 – Exclusive Report by MarketsandMarkets™
According to the new market research report “Powertrain Sensor Market by Sensor Type for ICE Vehicle (Position, Pressure, Speed, Temperature), Sensor Type for EV (Position, Temperature, Current, Voltage), Propulsion, Powertrain Subsystem, Vehicle Type, EV Type, and Region – Global Forecast to 2027″, published by MarketsandMarkets™, the global Powertrain Sensor Market size is projected to grow at a CAGR of 2.8% to reach USD 24.7 billion by 2027, from an estimated USD 19.8 billion in 2019. Factors such as increasing awareness about carbon emissions, fuel economy, and adoption of green vehicles would drive the market.
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Position sensor for ICE vehicles is the fastest growing segment during the forecast period
Position sensor plays an important role in understanding the operations of vehicle powertrain and identifying facult, if any, in the engine. Vehicle efficiency can be measured and analyzed with the help of signals coming from position sensors installed inside the vehicle powertrain. Apart from installation in the camshaft and crankshaft assemblies, position sensors are being installed in gearbox assembly to measure the data related to the position of gears and gear shifters. Increasing adoption of position sensors in vehicle powertrains is the main factor driving the market segment.
Heavy-duty vehicle is expected to be the fastest growing segment
Heavy-duty vehicles include trucks and buses. Trucks and buses are being installed with advanced powertrain sensors with the upgrading of powertrains. Powertrains in heavy-duty vehicles have to be powerful enough to survive robust conditions. As a result of that, they are required to be installed with sensors that offer high operational efficiency. The market for heavy-duty vehicles in developing countries is flourishing day-by-day. These are a few of the factors contributing to the growth of the heavy-duty vehicle market for powertrain sensors.
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Latin America is expected to be the fastest growing market by 2027
Most of Tier I and Tier II suppliers and OEMs are focusing on the Latin American automotive market. Countries in this region are becoming self-dependent and economically stable. The production of vehicles in this region is also increasing. Governments in these countries are also looking forward to the adoption of fuel efficient technologies. This is the reason for the growth of the powertrain sensor in the region.
The major Powertrain Sensor Market players include Bosch (Germany), Continental (Germany), Denso Corporation (Japan), Hella (Germany) Texas Instruments (US), and Aptiv (UK), among others.
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Automotive Temperature Sensor Market by Product (Start-Stop, PTC, EPS, Electric Air Conditioner, ISG, Starter Motor, Alternator, Actuator, Electric Pump-Vacuum, Oil & Water), 48V, ICE, BEV, HEV, PHEV, Vehicle Type, and Region – Global Forecast to 2027
Automotive Pressure Sensors Market by Application (ABS, Airbag, TPMS, Engine, HVAC, & Transmission), Technology (MEMS, Strain Gauge, & Ceramic), Transduction (Piezoresistive, Capacitive, Optical, Resonant), Vehicle, EV, & Region – Global Forecast to 2025
ARISTOTELES Sky by Kaiserwetter is Emerging as the Ideal Platform for Managing and Matching Energy Generation and Demand at the National Level
The end of the Sustainable Innovation Forum was marked on December 12th, a COP25 event that brought together over the course of two days the main multilateral organizations, investors and innovators from the private sector, as well as ministers from various countries. Key governmental actors included Carlos Manuel Rodríguez, Minister of the Environment and Energy of Costa Rica, Ian Duncan, member of the House of Lords from the Government of the United Kingdom, Ola Elvestuen, Minister of Climate and Environment of Norway, and Yasmine Fouad, Minister of the Environment of the Arab Republic of Egypt. This morning, representatives of the Government of Chile, co-organizer of the COP, as well as the Former President of Chile, Ricardo Lagos, have also joined the forum.
In this context, there has been debate about the needs of different countries to face the current climate crisis, as well as the inevitable energy transition towards renewables and how this works in the wider picture of governmental commitments to a transition based on technological innovation. During the panel “Transitioning Towards a Cleaner, Smarter Energy System of the Future,” this topic was studied in depth, and common conclusions were reached, such as that in order to achieve the objectives set in the COP and the Paris Agreement, it is necessary to enact a more flexible energy system for different governments in their capacity to integrate intermittent renewable energies and other decentralized energy sources. This change requires new business models, regulations and policy frameworks to drive a safe and profitable transition in each region independently. Under this premise, the SAP partner company in IoT and Data Intelligence, Kaiserwetter, has presented in the framework of this forum, the possibility of a new era of effective climate governance for countries, with the presentation of its patented Energy Cloud for Nations, ARISTOTELES Sky.
Hanno Schoklitsch, CEO and founder of Kaiserwetter has stressed the importance of “attracting capital towards the energy transition, not only in industrialized but also in emerging countries, and doing so using the Internet of things and Artificial Intelligence, combined with Machine Learning to create transparency.” With the launch of its new B2G platform The Energy Cloud for Nations “we are creating a more sustainable future by offering a new level of data transparency in the energy market,” which Hanno Schoklitsch says is “essential to achieving the Paris goals, as ARISTOTELES Sky helps governments and authorities cope with the increasing complexity inherent in the energy transition. Action must be taken to accelerate the energy transition now, not only from the private sector, but also from governments, and there is already a way to do this.”
SOURCE Kaiserwetter -MARCO
iAnthus Subsidiary CBD For Life Continues to Expand National Reach for Holiday Season
CBD For Life (the “Company”), a subsidiary of iAnthus Capital Holdings, Inc. (“iAnthus”) (CSE: IAN), (OTCQX: ITHUF), which owns, operates, and partners with best-in-class regulated cannabis operations across the United States, is pleased to announce it has now reached over 2,600 retail stores in the United States with its leading CBD-infused wellness and self-care products.
In addition to traditional retailers like Urban Outfitters, Dillard’s, The Hallmark Store, and Wegman’s, CBD For Life’s products can now be found with top shelf placement in newsstands in hundreds of high traffic areas including rail stations, commuter terminals and airports. The Company also began a limited roll out of products with UNFI Distribution, the largest natural foods distribution company in the United States and Canada with over 43,000 customers including natural foods grocers, health food markets and superstores. The Company’s products are also available online at CBDforlife.us, Dillards.com, UrbanOutfitters.com and recently relaunched at TheGrommet.com. CBD For Life’s rubs were recently featured on the Yahoo.com holiday shopping guide 7 classy stocking stuffers they’ll never guess are under $25, and the company has now reached over 1000 5-star product reviews.
“We are thrilled that CBD products are in such high demand this holiday season. On Black Friday alone this year, we saw a nearly 300% increase in our average daily sales. Cyber Monday was similar. Our holiday gift set, available through our website, is seeing incredible sell-through. With the recent upgrades we’ve made to our website, e-commerce fulfillment, and third-party logistics systems, we are ready to meet that demand and can’t wait to put smiles on thousands of faces on Christmas Day!” said Julie Winter, Vice President at iAnthus and General Manager of CBD For Life. “We are beginning our fifth year of operations with great momentum. In the new year, look for new packaging and new products, including deodorant and lip treatments.”
SOURCE iAnthus Capital Holdings, Inc.
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