Phonak celebrates 70 years of hearing innovation and technological leadership

Sonova Holding AG, the world’s leading provider of hearing solutions, is celebrating seven decades of Phonak innovation and technological leadership with the Sonova Open Door Day on June 24 at its global headquarters in Staefa, Switzerland. The event is expected to draw in approximately 8,000 guests and will feature a self-guided tour across the company’s three floors including labs, Research & Development and a separate tour of the production building. Sonova’s family of brands will be showcased with an emphasis on Phonak’s proud history of technological breakthroughs.

“Today, the Sonova Group is known around the world for delivering the broadest range of innovative hearing care solutions in the industry,” said Lukas Braunschweiler, CEO of Sonova. “This leading market position did not come about by accident. It’s the result of seven decades of constantly pushing the limits of technology to better serve the needs of our customers. The Sonova Open Door Day is an opportunity to showcase our past achievements and look forward to shaping an even brighter future. From state-of-the-art hearing aids and cochlear implants to wireless communications solutions, Sonova and Phonak have been setting the standards for quality and pace of innovation in hearing care since 1947 – and we will continue to do so starting with the next 70 years.”

A legacy of innovation

Sonova’s roots lie in the foundation of Phonak. In 1947, Chuck Yeager was the first to break the sound barrier with his rocket aircraft Bell X-1. In that same year, AG für Elektroakustik was founded to help people with hearing loss breaking their own “barrier to sound”. In 1965, Ernst Rihs acquired a majority shareholding in the company and renamed it Phonak AG. Rihs was soon joined by Beda Diethelm and his two sons, Andy and Hans-Ueli Rihs, who all became equal shareholders.

 

For 70 years, Sonova and Phonak dedicated efforts to bringing together the world’s most talented group of people and the strongest brands to break down the barriers to treat hearing loss. The numerous achievements include among many others the Phonak Alpina (its first portable hearing aid) in 1950, the Phonak Claro (the first digital hearing aid of the Group) or Neptune by Advanced Bionics (the world’s first waterproof, swimmable sound processor for cochlear implant recipients) in 2011. The 2016 launch of Phonak Audéo B-R, the company’s first mainstream lithium-ion rechargeable hearing aid, and the Unitron Moxi Now, the world’s smallest receiver-in-canal hearing aid in its class, are examples of Sonova’s more recent innovations, with many more groundbreaking technologies expected later in 2017 and beyond.

 

Sonova, along with its brand Phonak, is celebrating 70 years of changing lives and breaking barriers with the Open Door Day on June 24. Please click here https://www.phonak.com/com/en/press.html to read Phonak’s announcement.

 

Disclaimer

This Media Release contains forward-looking statements, which offer no guarantee with regard to future performance. These statements are made on the basis of management’s views and assumptions regarding future events and business performance at the time the statements are made. They are subject to risks and uncertainties including, but not confined to, future global economic conditions, exchange rates, legal provisions, market conditions, activities by competitors and other factors outside Sonova’s control. Should one or more of these risks or uncertainties materialize or should underlying assumptions prove incorrect, actual outcomes may vary materially from those forecasted or expected. Each forward-looking statement speaks only as of the date of the particular statement, and Sonova undertakes no obligation to publicly update or revise any forward-looking statements, except as required by law.

 

Sonova shares (ticker symbol: SOON, Security no: 1254978, ISIN: CH0012549785) have been listed on the SIX Swiss Exchange since 1994. The securities of Sonova have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"), or under the applicable securities laws of any state of the United States of America, and may not be offered or sold in the United States of America except pursuant to an exemption from the registration requirements under the U.S. Securities Act and in compliance with applicable state securities laws, or outside the United States of America to non-U.S. Persons in reliance on Regulation S under the U.S. Securities Act.