(Partner Search Inquiry)
1. Corporate Profile
Corporate Status
Name of Company
EarlySense
Name of CEO
Avner Halperin
Name of R&D Manager
Guy Meger
Year of Establishment
2004
Paid-in-Capital (USD)
$46 Million
Number of Employees
70
Sales Revenue(2008)
State-of-the-art Technology
Contact free sensor of vital signs and sleep activity
Core Business
EarlySense is a medical systems company with a unique patented technology for accurate, contact free sensing and analyzing vital signs. The technology is based on a low cost sensor that is placed underneath a bed's mattress. The sensor tracks heart rate, breathing rate, motion and sleep activity without ever touching the subject. The technology is FDA cleared and CE approved, having been used to monitor over 50,000 patients for over 5,000,000 hours in hospitals, nursing homes and homes.
EarlySense is now introducing its technology into the home Wellness market, allowing its partners to access the new, growing frontier in wellness which is the sleep quality market.
Major Products
The EarlySense System is a fully integrated patient monitoring solution and supervision platform that provides continuous and real-time vital signs and motion information for all beds in a hospital unit. The Patient Care Manager (PCM) at the nurses’ station helps on duty nurses to closely supervise the status of the entire patient population on the floor at all times. The availability of real-time vital signs and motion information along with the corresponding alerts help the caregivers provide closer supervision thus leading to better clinical outcomes.
Patents
Over 30 patents submitted worldwide, 4 approved in USA, 2 approved in Japan.
Contact Info
Name
Dr. Liat Tsoref
Tel
+972-3-7522330
Fax
+972-3-7522340
E-mail
liat.tsoref@earlysense.com
Website
Mailing
Address
12 Tsvi Street
Ramat Gan 52504, ISRAEL
2. Inquiry for Joint R&D
Executive Summary
Type of Cooperation Sought
R&D and marketing and sales cooperation is sought.
EarlySense is now introducing its technology into the home wellness market. In this application, EarlySense’s sensor wirelessly communicates with a smartphone to provide a completely contact free cloud based wellness solution.
Type of Partners Sought
Companies that develop and sell consumer electronic devices, smart phones, or companies that are interested in mobile health.
Project Proposal
Tentative Project Title
Contact free sleep wellness sensing for the consumer market
Abstract
A. Project Objectives
Similarly to diet and fitness, a sensing mechanism is needed to tell consumers how they are sleeping and whether their plan for improvement is working. The project goal is to apply EarlySense contact free technology to the sleep wellness market.
EarlySense sensor continuously tracks heart rate, breathing rate and sleep activity including tracking of sleep stages (REM, deep sleep, light sleep and wake time). The sensor will wirelessly communicate with a smartphone to provide sleep wellness and trending reports. The smartphone will allow connectivity to social media and introduction to sleep experts whom can view the data shared according to the user permission. In addition, for home sleep, EarlySense smart sensor can provide smart alarm option to wake the user at the lightest part of her sleep, so to arise more refreshed.
B. Each Partner’s Technical Role
○ Korean Company
Provide mobile technology and connectivity for the application.
○ Israeli Company
Provide the sensing technology and data acquisition and analysis.
C. Commercial Value
The estimated global wellness market is 1.9 trillion1. Sleep is a major concern for the modern population. In the beginning of 2013 Philips published a survey2 stating that:
“Country to country, across ages and life stages, sleep was found to be one of the top 5 issues important to people”.
The business model includes selling the sensor at an end user price of $79 and potentially a monthly service model.
References
1. 1. SRI International Report, Spas and the Global Wellness Market: Synergies and Opportunities, May 2010.
2. 2. Philips Meaningful Innovation Index Report, Jan 23, 2013.
D. Remarks
I want to