Cloudtag Inc Regulatory News (CTAG)

22 May 2015

CloudTag Inc.("CloudTag" or the "Company")

Partnership with Leading Applied Research Institute Imec

CloudTag (CTAG:LN), the company that brings personal monitoring to the health, wellbeing and fitness markets, is pleased to announce that it has entered into the product finalisation stage with its technical partner imec, a world-leading research centre in nanoelectronics with global partnerships in the ICT, healthcare and energy sectors.

CloudTag has been working closely with imec for the last two years developing its cutting edge multi-sensor wearable technology and embedded algorithms. Through this partnership CloudTag has access to over 10 years of research into wearable healthcare, which has produced the most accurate multi-sensor energy expenditure algorithm currently available.

CloudTag and imec are now finalising the sensors and algorithms ahead of field trials of CloudTag's wearable technology, which are expected to commence shortly, and its subsequent launch at the Consumer Electronics Show in Las Vegas in January 2016. 

Amit Ben-Haim, CloudTag's CEO, comments: "CloudTag's partnership with imec has been instrumental in developing the wearable product and delivering on CloudTag's vision to bring accurate data to the consumer market. I am delighted with the on going partnership with imec and their highly experienced team."

Chris Van Hoof, imec's Programme Director Wearable Healthcare, comments: "We are delighted to have partnered with CloudTag to bring technology we have been developing for many years to the mass consumer market. The growth of this consumer wearables market has been extraordinary and we are pleased to see all our research and development coming to fruition with CloudTag and look forward to exploring the opportunities that lie ahead."

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About imec

Imec performs world-leading research in nano-electronics and nano-technology. imec leverages its scientific knowledge with the innovative power of its global partnerships in ICT, healthcare and energy. Imec delivers industry-relevant technology solutions. In a unique high-tech environment, its international top talent of 2,200 people which includes almost 700 industrial residents and guest researchers, is committed to providing the building blocks for a better life in a sustainable society. Imec's research is applied in better healthcare, smart electronics, sustainable energy and safer transport. www.imec.be

Imec is a registered trademark for the activities of IMEC International (a legal entity set up under Belgian law as a "stichting van openbaar nut"), imec Belgium (IMEC vzw supported by the Flemish Government), imec the Netherlands (Stichting IMEC Nederland, part of Holst Centre which is supported by the Dutch Government), imec Taiwan (IMEC Taiwan Co.) and imec China (IMEC Microelectronics (Shanghai) Co. Ltd.) and imec India (Imec India Private Limited).