HealthWatch raises US $ 20 million for smart garment | Trade News Israel
Home » News » Trade News » Healthwatch Raises Us 20 Million For Smart Garment

HealthWatch raises US $ 20 million for smart garment

Share: 
      Newsletter

READ MORE ON Performance WearSmart garmentTrade News IsraelWearable Technology

Funding

Image Courtesy: pixr8.com

Israel-based Wearable textile medical device company HealthWatch has raised US $ 20 million from Shijiazhuang Yiling Pharmaceuticals. The company will use the funds to add more staff. The Chinese company will pay US $ 15 million for a 23 per cent stake in HealthWatch and pay another US $ 5 million for the rights to sell the company’s Master Caution device in China. Master Caution comprises an embedded processor to collect, store and process data together with an accelerometer, infra-red sensor and Bluetooth capability.

Also ReadWearable technology market to reach US $ 28.7 billion in 2016: Report

Approved by the US Food and Drug Administration and Europe’s CE mark, the device monitors ECGs as well as activity, respiration and skin temperature. Its sensors are interwoven into garments so that they appear as design elements rather than a monitoring device.

HealthWatch has developed smart garments that monitor the wearer for ECG and other vital signs and send the information in real time via smartphone.

 

Have some news? Let us know on news@apparelresources.com

Comments are closed.

Recommended by Apparel Resources

Bangladesh Police fear workers’ unrest in 598 RMG units

The police of industrial zone of Bangladesh have reportedly expressed fear of possible protests by garment workers pertaining to wages and bonus in...

50 injured in Bangladesh garment workers’ unrest

At least 50 people, including eight policemen, were reportedly injured in a clash between police and garment workers in Gazipur Metropolitan area (Bangladesh) on Wednesday evening. The clash reportedly erupted...

India’s Commerce Minister discusses FTP

India’s Commerce and Industry Minister Nirmala Sitharaman chaired Board of Trade (BoT) meeting to consult industry on Mid-term Review of Foreign Trade Policy...

B’desh banks to work on weekend to disburse Eid bonus, wages

Bangladesh Bank (BB) has reportedly asked all commercial banks in the country to keep their respective branches in industrial areas of Dhaka, Ashulia,...

Cambodia: Talks on minimum wages to commence in July

Cambodian Labour Minister Ith Sam Heng has announced that negotiations on minimum wages would begin in July with a decision expected in the...

Bangladesh to be top cotton importer in 2017-18

According to United States Department of Agriculture (USDA), Bangladesh, the largest cotton importer in world, has been projected to remain the top importing...

Makalot Industrial expects positive year ahead

After the revenues fell drastically for 15 successive months, garment manufacturer Makalot Industrial Company hopes the revenue to bounce back this month. “We...

B’desh Home Minister asks for early release of wages, Eid bonus

Close on heels of workers’ unions in Bangladesh demanding disbursement of festival allowance and wages for the month of June by the 22nd...

Private equity firms buy stakes in Nester Hosiery

US-based Nester Hosiery – a design and manufacturing company of socks for mountaineers, firefighters, military personnel, athletes – has announced that private investment...

Swedish firms keen to invest in Bangladesh garment industry

Two leading Swedish companies, namely Investor AB and ABB Sweden, have reportedly expressed their keen interest to work for the development of Bangladesh’s...