{"id":392703,"date":"2020-12-03T08:43:26","date_gmt":"2020-12-03T13:43:26","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=392703"},"modified":"2020-12-03T08:43:26","modified_gmt":"2020-12-03T13:43:26","slug":"huami-corp-partners-with-promaxo-for-technology-collaboration-and-integration-and-geographic-expansion","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/huami-corp-partners-with-promaxo-for-technology-collaboration-and-integration-and-geographic-expansion\/","title":{"rendered":"Huami Corp Partners with Promaxo for Technology Collaboration and Integration, and Geographic Expansion"},"content":{"rendered":"

<\/p>\n

Huami Corp Partners with Promaxo for Technology Collaboration and Integration, and Geographic Expansion<\/b><\/p>\n

CUPERTINO, Calif. & OAKLAND, Calif.–(BUSINESS WIRE<\/a>)–
\nHuami Corp. (NYSE: HMI) and Promaxo, Inc. today announced a partnership for joint technology, commercialization and market development opportunities. Huami is a global provider of smart consumer health and industrial health technologies. Promaxo is pioneering MRI technology that pushes the boundaries of medical imaging by encapsulating high-quality MR imaging at low magnetic field into a small form-factor, with an initial market emphasis on urology applications.\n<\/p>\n

\nThe companies plan to work together on joint engineering for the application of artificial intelligence, product integration opportunities and contract manufacturing. Huami will support commercialization of Promaxo products in China and globally. Promaxo expects to leverage Huami\u2019s wearable technology to explore potential improvements in pre- and post-treatment patient health and behavior. Huami is also beginning due diligence for potential investment in Promaxo.\n<\/p>\n

\n\u201cHuami has developed significant expertise in A.I., miniaturization engineering and manufacturing, and analysis of individual health data, which we believe can be of value to Promaxo,\u201d said Wang Huang, Chairman and CEO of Huami. \u201cOur company\u2019s mission is to connect health with technology, and we are expanding the industrial side of our business and looking for new ways to connect healthcare consumers and providers with new diagnostic and treatment technologies.\u201d\n<\/p>\n

\n\u201cPartnering with Huami provides new opportunities for Promaxo to leverage its technical innovation and accelerate market penetration,\u201d said Amit Vohra, President and CEO of Promaxo. \u201cWe have established a number of wide-ranging initiatives, and we believe there are significant opportunities and benefits that can come from this partnership.\u201d\n<\/p>\n

\n\u201cIn 2020, Huami has undertaken a more proactive stance on partnerships to leverage our technology, our increasingly global reach and our financial resources to create additional growth opportunities,\u201d added Tim Houchin, Huami\u2019s Vice President of Business and Corporate Development. \u201cWe are excited to partner with such a promising innovator and disruptor as Promaxo.\u201d\n<\/p>\n

About Huami Corporation<\/b><\/p>\n

\nHuami\u2019s mission is to connect health with technology. Since its inception in 2013, Huami has developed a platform of proprietary technology including AI chips, biometric sensors, and data algorithms, which drive a broadening line of smart health products for consumers, and analytics services for industry. In 2019, Huami shipped 36.6 million units of smart watches and fitness bands, including its own Amazfit brand, and products developed and manufactured for Xiaomi, comprising 23% of global category shipments1<\/sup>. Huami Corporation is based in Hefei, China, with U.S. operations, Huami-USA, based in Cupertino, Calif. For more information, please visit https:\/\/www.huami.com\/investor\/pages\/company-profile<\/a>.\n<\/p>\n

1<\/sup> IDC, Correcting and Replacing Shipments of Wearable Devices, 3\/10\/20\n<\/p>\n

About Promaxo, Inc.<\/b><\/p>\n

\nPromaxo was founded by a team of entrepreneurs and healthcare innovators to develop a minimally-invasive and patient-centric MRI and robotic platform. Based in Oakland, California, and backed by over 60 patents, the company\u2019s mission is to improve lives through state-of-the-art medical imaging, robotics, and AI capabilities. With a compact and adaptable MRI, Promaxo is redefining the standard of care by improving the quality and speed of patient screening and interventions. The Company has formed numerous long-term and strategic partnerships with investor groups as it prepares to enter the US market.\n<\/p>\n

\nTo learn more about the technology behind the MRI system and its scope, visit: Promaxo.com<\/a>.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20201203005261\/en\/<\/a><\/span><\/p>\n

\nFor Huami media inquiries:
\n
Lydia Huang, lydia.huang@huami-usa.com<\/a>, c: 407-800-5625\n<\/p>\n

\nFor Huami investors:
\n
U.S. – Brad Samson, brad.samson@huami-usa.com<\/a>, c: 714-955-3951
\n
China \u2013 Grace Zhang, zhangyujia@huami.com<\/a><\/p>\n

\nFor Promaxo media inquiries:
\n
Lindsey Hill, lindseyhill@jiveprdigital.com<\/a>, c: 951.566.6413\n<\/p>\n

KEYWORDS:<\/b> California United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Software Biotechnology Hardware Health Medical Devices Data Management Technology Other Technology<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
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Huami Corp Partners with Promaxo for Technology Collaboration and Integration, and Geographic Expansion CUPERTINO, Calif. & OAKLAND, Calif.–(BUSINESS WIRE)– Huami Corp. (NYSE: HMI) and Promaxo, Inc. today announced a partnership for joint technology, commercialization and market development opportunities. Huami is a global provider of smart consumer health and industrial health technologies. Promaxo is pioneering MRI technology that pushes the boundaries of medical imaging by encapsulating high-quality MR imaging at low magnetic field into a small form-factor, with an initial market emphasis on urology applications. The companies plan to work together on joint engineering for the application of artificial intelligence, product integration opportunities and contract manufacturing. Huami will support commercialization of Promaxo products in China and globally. Promaxo expects to leverage … <\/p>\n

Continue reading “Huami Corp Partners with Promaxo for Technology Collaboration and Integration, and Geographic Expansion”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-392703","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nHuami Corp Partners with Promaxo for Technology Collaboration and Integration, and Geographic Expansion - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/huami-corp-partners-with-promaxo-for-technology-collaboration-and-integration-and-geographic-expansion\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Huami Corp Partners with Promaxo for Technology Collaboration and Integration, and Geographic Expansion - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Huami Corp Partners with Promaxo for Technology Collaboration and Integration, and Geographic Expansion CUPERTINO, Calif. & OAKLAND, Calif.–(BUSINESS WIRE)– Huami Corp. (NYSE: HMI) and Promaxo, Inc. today announced a partnership for joint technology, commercialization and market development opportunities. Huami is a global provider of smart consumer health and industrial health technologies. Promaxo is pioneering MRI technology that pushes the boundaries of medical imaging by encapsulating high-quality MR imaging at low magnetic field into a small form-factor, with an initial market emphasis on urology applications. The companies plan to work together on joint engineering for the application of artificial intelligence, product integration opportunities and contract manufacturing. Huami will support commercialization of Promaxo products in China and globally. 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