Tulsa, OK (Feb. 27, 2008) — SeboTek group announced today that Hear-Wear Technologies, LLC, an affiliate of SeboTek Hearing Instruments, LLC has signed a patent license agreement with Siemens Medical Instruments, Pte Ltd ("Siemens"). The license will grant Siemens worldwide usage to the Hear-Wear patent portfolio, which includes United States Patent Nos. 5,606,621; 7,016,512; 7,110,562; and 7,139,404, for RIC (receiver in the canal) devices. Siemens launched its RIC Centra Active instrument at AAA last year. Siemens and SeboTek both expect that the industry will continue to see a substantial growth in the number of RIC style instruments sold which will account for a larger percentage of the overall hearing aid market. The terms of the patent license agreement with Siemens are confidential.
"Having a dominant player in the industry such as Siemens affirm the value and importance of the Hear-Wear portfolio has been a gratifying confirmation of the years of hard work and perseverance that went into our creation of the RIC product," said Jim Feeley, President of SeboTek and Hear-Wear. SeboTek launched it's receiver in the canal technology to the industry at AAA in April 2003. We were not just introducing a new product but an entirely new style concept said Mr. Feeley. "Ultimately, our goal was to create a hearing system that would change the traditional fitting process and improve the overall consumer experience."
Headquartered in Erlangen Germany, the Siemens Audiology Group designs, engineers and manufactures state-of-the-art hearing aids, in all models, that enable those with hearing loss to communicate more easily and improve their quality of life. It is the world's largest manufacturer of hearing aids. Siemens offers audiological software and a wide variety of equipment for Hearing Care Professionals, as well as assistive listening devices such as amplified telephones.
Hear-Wear and Sebotek are headquartered in Tulsa Oklahoma. SeboTek is a Wholesale distributor of hearing instruments around the world and an industry leader in RIC technology. SeboTek launched its first RIC style hearing instrument in 2003, and its products continue to gain wide-spread acceptance throughout the U.S. and around the world.
For more information about SeboTek and its products, call 1.800.388.9041. Or you can visit www.sebotek.com for more information or the Sebotek Web Channel on Audiology Online at www.audiologyonline.com/channels/sebotek.asp
