BEIJING, July 19, 2018 /PRNewswire/ -- Huami
Corporation ("Huami" or the "Company") (NYSE: HMI), a biometric and
activity data-driven company with significant expertise in smart
wearable technology, today announced that it has signed a
partnership agreement with PAI Health, a health technology software
company.
This partnership combines Huami's massive biometric database
collected by high quality smart wearable devices as well as
powerful algorithms, along with PAI Health's software to offer a
scientifically validated approach to helping address some of the
health risks typically associated with an inactive lifestyle, a growing global health
problem. To effectively reach individuals in need of help, the
companies will be partnering with many channels within the
healthcare ecosystem including insurers, healthcare providers and
employers.
"We are excited to partner with PAI Health, as we can leverage
our strong expertise in smart wearable technology and impressive
algorithms that make sense of the biometric data," said
Wang Huang, Chairman and CEO of
Huami. "Together, we see a huge opportunity to provide meaningful
information to consumers and businesses around the world, which we
expect to bring data service revenue in the near future."
This partnership will move into the heart of this high growth
space -- to realize the
potential of wearable sensor data, delivering meaningful insights
that help people get healthier by adopting a more active lifestyle.
In addition to helping people live longer, this partnership can
optimize operational efficiencies for payers and providers and
facilitate a preventative approach to managing chronic
diseases.
Huami and PAI Health will be rolling out pilot programs with
insurance clientele utilizing proprietary algorithms for estimating
cardiorespiratory fitness as well as the PAI (Personal Activity
Intelligence) metric for guiding optimal levels of physical
activity.
About Huami Corporation
Huami is a biometric and activity data-driven company with
significant expertise in smart wearable technology. Since its
inception in 2013, Huami has quickly established its global market
leadership and recognition by shipping millions of units of smart
wearable devices. In 2017, Huami shipped 18.1 million units of
smart wearable devices. Huami has one of the largest biometric and
activity databases in the global smart wearables
industry. Huami's mobile apps work hand in hand with its smart
wearable devices and provide users with a comprehensive view and
analysis of their biometric and activity data. In addition to
designing, manufacturing and selling smart bands and watches under
its own Amazfit brand, Huami is the sole partner of Xiaomi, a
leading mobile internet company and global consumer electronics
brand, to design and manufacture Xiaomi-branded smart bands,
watches (excluding children watches and quartz watches), scales and
associated accessories.
For more information, please
visit: http://www.huami.com/investor
About PAI Health
PAI Health has established a reputation as an innovative pioneer
in fitness wearables and accurate heart rate monitoring. The
company focuses on software using proprietary algorithms and health
IP such as the ground-breaking activity metric Personal Activity
Intelligence (PAI). PAI Health's mission is to optimize anyone's
path to being healthier through increased physical activity. The
company offers meaningful data insights founded upon the proven
science behind cardiorespiratory fitness for insurers, healthcare
providers and wellness programs.
For more information, please visit www.paihealth.com
Safe Harbor Statement
This announcement contains forward-looking statements. These
statements are made under the "safe harbor" provisions of the U.S.
Private Securities Litigation Reform Act of 1995. These
forward-looking statements can be identified by terminology such as
"will," "expects," "anticipates," "future," "intends," "plans,"
"believes," "estimates," "confident" and similar statements.
Statements that are not historical facts, including statements
about the Company's beliefs and expectations, are forward-looking
statements. Forward-looking statements involve inherent risks and
uncertainties. A number of factors could cause actual results to
differ materially from those contained in any forward-looking
statement, including but not limited to the following: the
cooperation with Xiaomi, the recognition of the Company's
self-branded products; the Company's growth strategies; trends and
competition in global wearable technology market; changes in the
Company's revenues and certain cost or expense accounting policies;
governmental policies relating to the Company's industry and
general economic conditions in China and the global.
Further information regarding these and other risks is included in
the Company's filings with the SEC. All information provided in
this press release and in the attachments is as of the date of this
press release, and the Company undertakes no obligation to update
any forward-looking statement, except as required under applicable
law.
For investor and media inquiries, please contact:
In China:
Huami Corporation
Grace Yujia Zhang
Tel: +86-10-5940-3255
E-mail: ir@huami.com
The Piacente Group, Inc.
Ross Warner
Tel: +86-10-5730-6201
E-mail: huami@tpg-ir.com
In the United
States:
The Piacente Group, Inc.
Brandi Piacente
Tel: +1-212-481-2050
E-mail: huami@tpg-ir.com
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SOURCE Huami Corporation