▷ Haiers HCH Ventures Partners with Leading RF Imaging Company Vayyar …


27.10.2021 – 19:02

Vayyar Imaging Ltd.

Qingdao, China; and Yehud, Israel, Jan. 23 / PRNewswire /

The joint venture partnership will initially focus on contactless fall detection for seniors as well as expanding Vayyar’s activities in the Chinese market

– HCH, a subsidiary of Haier, signed a joint venture agreement with Israeli technology provider Vayyar to service the “silver tech” market in China, which is worth 4 trillion yuan (US $ 625 billion)

– Haier’s seniors-focused IoT and smart home products will be based on Vayyar’s award-winning technology that supports fall detection and wellbeing for leading Chinese elderly care institutions and their insurers

– Vayyar’s unique high-frequency, camera-free solution provides around-the-clock protection for seniors in all environments while maintaining privacy

– Non-contact sensors overcome the limitations of traditional fall warning devices that require users to press buttons, pull cords or put on wearables

HCH, a subsidiary of Haier, has partnered with Israeli high-tech company Vayyar, the world leader in RF imaging, to create a new IoT ecosystem based on the world’s most advanced non-contact sensor technology. Haier’s massive presence in China will allow Vayyar to expand its operations and offer groundbreaking RF imaging-based products that will set a new standard in care in China.

The strategic relationship was first established to benefit the rapidly aging population in China and beyond, for whom falls are a leading cause of injury and premature death. Around 120 million Chinese seniors live alone, and by 2040 there will be 402 million people in China who are 60 years of age or older. The agreement enables Haier, the world’s leading home appliance brand, to serve a silver-tech Total Addressable Market (TAM) in China valued at over 4 trillion yuan (US $ 625 billion).

“Cutting-edge imaging sensor technology can protect the elderly, increase their safety and improve energy efficiency. I see extraordinary opportunities for strong, sustainable synergies in the future,” said Liu Changwen, general manager of HCH Ventures, the Haier subsidiary that runs the joint venture directs. “The JV is a remarkable milestone for HCH’s dual-core cross-border incubator.”

“Vayyar is excited to partner with HCH to develop a world-class fall detection system that will make China the world leader in protecting the elderly while respecting their privacy and independence,” said Raviv Melamed, Co-Founder and CEO of Vayyar. “Haier’s innovative IoT and smart home devices will improve the quality of life and life expectancy of the elderly and are a perfect fit with Vayyar’s vision and the capabilities of our technology.”

“HCH has followed Vayyar’s RF Imaging System-on-Chip performance for over two years through its Israel office, and this merger is a very exciting moment for both companies. We look forward to working together and want a new one Setting the standard for a smarter and safer living environment for seniors in China, “said Daniel Oleiski, CEO of Haier Israel and HCH Ventures IL.

With Vayyar’s support for this partnership, Haier will now leverage its global network of R&D centers, global reach, robust sales channels and strong supply chains to redefine the elderly care and smart home space for decades to come.

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Information on Haier

The Haier Group Corporation is a Chinese multinational company for domestic appliances and Consumer electronics based in Qingdao, Shandong. The company designs, develops, manufactures and sells products such as Refrigerators, Air conditioners, Washing machines, Tumble dryers, ovens etc. The household appliance business, goes under the name Haier Smart Home and produces under various world-famous brand names, including Haier, Casarte, Leader, GE Appliances, Fisher & Paykel, Aqua and Candy.

Information on HCH Ventures

HCH Ventures is a corporate platform created by the Haier Group for entrepreneurs worldwide. Since its inception in 2014, HCH already comprises 40 accelerators in 12 countries around the world and over 350 accelerated projects with a total valuation of more than 200 billion RMB. “HCH Ventures” was named in the “Top 500 Chinese Brand Values” and its brand value took first place in the Incubation and Acceleration category.

Information on Vayyar Imaging

Vayyar, the leader in RF imaging technology, has developed the world’s most advanced system-on-chip platform to capture life’s critical data and provide solutions for the elderly, automotive, retail, security and more to offer more, while maintaining privacy at all times. Vayyar’s mission is to develop the next generation of sensor technology, a miniature technology that, due to its affordability and versatility, affects everyone’s life and makes the world a safer place.

https://vayyar.com/

Video: https://www.youtube.com/watch?v=NZwdvmsk_Mg

Photo – https://mma.prnewswire.com/media/1670221/Vayyar_Home.jpg

Press contact:

Mike Gale
[email protected] / +0044 7876 563044. Linden Bray
[email protected]tes.com / +0044 7587 150391

Original content by: Vayyar Imaging Ltd., transmitted by news aktuell


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