gn resound audio performance

GN Releases Interim Report Q3 of 2018: Double Digit Organic Growth, with Audio Division Continuing to Deliver Strong Results

BALLERUP, DENMARK — In the third quarter of 2018, GN Hearing continues to report strong performance in the independent sector, in what the company said is in line with its 2017-2019 strategy, particularly in North America, where the company says it has witnessed double digit organic revenue growth driven by the LiNX 3D hearing aid…

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gn group q2 2018 report

The GN Group Reports Double Digit Organic Revenue Growth and Margin Increase

BALLERUP, DENMARK – The GN Store Nord released its second quarter (Q2) results for 2018, reporting strong double digit organic revenue grown and margin increase.  The results exceeded analyst expectations, particularly for the company’s Audio division, which has been performing particularly well. Some of the highlights of the company’s Interim Report 2018 included: 11% organic…

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gn resound android google

Google and GN Hearing Partner on Direct Streaming from Android to Hearing Aids

BALLERUP, DENMARK – In news that will be of special interest to hearing aid users who use Android phones, GN Hearing and Google have announced their partnership on technology that will offer the “full spectrum of direct audio streaming from Android devices to hearing aids”. This will make GN Hearing the first manufacturer to provide…

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linx 3d oticon opn award

GN Hearing, Oticon, Win Gold at 2018 Stevie Awards

NEW YORK CITY, NEW YORK — The American Business Awards honored the Oticon Opn, GN ReSound Linx 3D and Beltone Trust with Gold Stevie Awards. Since 2002, the Stevie Awards recognize the accomplishments and contributions of companies and business people worldwide and are report to receive more than 10,000 entries annually. According to the announcement,…

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gn resound research development

GN Signs Agreement with European Investment Bank for 100M Euro Financing to Support Hearing Aid R&D

BALLERUP, DENMARK — The GN Store Nord, parent company of GN ReSound, announced that it has signed an agreement with the European Investment Bank (EIB) for a €100 million loan agreement to support the company’s research and development into new hearing aids. Specifically, the company said the investment will focus on “strengthening its hardware and…

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gn resound linx 3d hearing aid

After Launch of ReSound LiNX 3D, GN Posts Strong Q2 Results; CEO Says Company to Compete in Upcoming OTC Market

BALLERUP, DENMARK — GN Store Nord A/S announced the results of the company’s half-year financial report on August 17th, noting a 15% revenue growth in the second quarter (Q2), driven by strong performance at GN Hearing and GN Audio. According to the financial report, GN Hearing’s revenues increased by 12% in Q2, with an organic…

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gn audio acquires vxi

GN Audio Acquires VXi Corporation for $35 Million

LOWELL, MASSACHUSETTS — GN Group’s headset division, GN Audio (formerly GN Netcom), announced today that it has acquired the VXi Corporation for $35 million USD. VXi is the manufacturer of both the VXi and BlueParrott headset brands. VXi Corporation has shown substantial growth over the past decade, and last year reported annual revenue of $32 million USD. The acquisition of…

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William Demant Group Opens New R&D Facility in Poland

WARSAW, POLAND — Danish hearing aid maker, William Demant Group, announced the opening of its new Demant Technology Centre in Poland. The new facility will house the company’s software Research and Development (R&D) division. The location in the new Q22 office building in Warsaw will also house other Demant companies, such as Oticon’s Polish subsidiary, Oticon Polska. The announcement of the new R&D…

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GN CEO Says Company “Not Looking” to Acquire Retail Chains; Announces Sale of Otometrics to Natus (UPDATE)

BALLERUP, DENMARK — According to a September 26 Reuters’ article, GN ReSound CEO Anders Hedegaard was quoted saying that, unlike its competitors, the company is “not looking” to purchase retail businesses. Instead, GN will continue to focus on strengthening partnerships with retail customers.  While Sonova and William Demant battle over various global retail acquisitions opportunities, such as recent…

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noahlink wireless hearing aid programmer

HIMSA to Release New “Industry Standard” Wireless Hearing Aid Programmer: Noahlink Wireless

COPENHAGEN, DENMARK — The Hearing Instrument Manufacturers’ Software Association (HIMSA), maker of the popular hearing aid programming interface Noah, has announced the upcoming launch of what they are dubbing as the “new wireless programming standard” for programming Bluetooth Low Energy (BLE) enabled hearing aids.   The new NoahlinkTM Wireless programming device was created with guidance and cooperation…

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