BEIJING and CUPERTINO, Calif., Feb.
25, 2021 /PRNewswire/ -- Huami Corp. today announced it is
changing its name internationally to Zepp Health Corp. (NYSE: ZEPP)
and the ticker symbol of its American depositary shares listed on
the NYSE to "ZEPP" to better reflect its deepening commitment to
connecting health with technology, expansion of its current product
portfolio and its growth in serving the industrial healthcare
technology market. Additionally, "Zepp" is a name that is easy to
remember, transcending languages, cultures and borders.
As an industry leader in smart health technology, Zepp Health
encompasses the company's new direction to emphasize the use of
technology to measure biometrics and make actionable
recommendations to improve clinical health outcomes. Zepp Health
(formerly Huami Corporation) has developed a platform of
proprietary technology including AI chips, biometric sensors, and
health data algorithms, which drives a broadening line of smart
health products for consumers, and analytics services for insurers,
healthcare providers, employers, drug and treatment companies and
many others, which will now extend to the industrial health
technology market.
Zepp, a renowned international brand founded in Silicon Valley
in 2011 has a strong dedicated global following of athletes that
utilize its sensors to monitor their performance, especially in
golf, baseball and tennis. With that, Zepp has expanded to offer
high-end smartwatches and digital health management services,
leveraging the hardware and software technology powering its data
health solutions. In 2020, the brand unveiled the Zepp E and Zepp Z
line of high-end smartwatches, as well as a mobile application for
digital health management and services.
"Our mission has been to connect health with technology," said
Zepp Health Chairman & CEO Wang
Huang. "I believe the industrial health technology space
represents a tremendous opportunity for us to apply our expertise
in precision sensors, biometrics, AI chips and engineering
capabilities focused on miniaturization and health data analytics.
The evolution and repositioning of the company to Zepp Health more
clearly articulates our mission to investors, partners and
customers, as we are now well positioned to solve the biggest
challenges facing the health technology industry."
Over the past several years, the company has signed strategic
partnerships to extend the brand's reach into various industries –
from insurance to medical imaging and more, including PAI Health,
Prudential Corporation Asia, Promaxo and Hyperfine. These strategic
partnerships will deliver new revenue streams as Zepp Health moves
beyond consumer wearables and positions itself to capture the
global industrial health technology market.
Zepp Health will launch an updated corporate website and new
visual identity later in 2021.
Zepp Health Financial
Information
The proposed name change and trading symbol change will not affect
any rights of shareholders or the Company's operations and
financial position. The company does not intend to change its
financial strategy or financial reporting as a result of this
announcement. Effective with the opening of the trading day on
Feb 25th, 2021, the ticker symbol of
the Company's American depositary shares will change from HMI to
ZEPP on the NYSE.
Legal Name Change
The legal name of Huami Corp. is expected to be formally changed to
Zepp Health Corporation globally upon the satisfaction of all legal
and regulatory requirements. Due to its strong brand recognition,
the company will continue to use its existing Chinese name in the Greater China region.
About Zepp Health, formerly Huami Corporation
Zepp Health's mission is to connect health with technology.
Since its inception in 2013, the company has developed a platform
of proprietary technology including AI chips, biometric sensors,
and data algorithms, which drive a broadening line of smart health
products for consumers, and analytics services for industry. In
2019, the company shipped 36.6 million units of smart watches and
fitness bands, including its own Amazfit brand, and products
developed and manufactured for Xiaomi, comprising 23% of global
category shipments. The company is headquartered in Hefei, China, with U.S. operations,
Huami-USA, based
in Cupertino, Calif. For more information, please
visit https://www.huami.com/investor/pages/company-profile.
LinkedIn: https://www.linkedin.com/company/zepp-health/about/
Zepp Health Contacts:
In China :
Investors: Grace Yujia Zhang,
ir@huami.com
Media: Ken Cao, press@huami.com
In the United States :
Investors: Brad Samson,
brad.samson@zepp.com, +1-714-955-3951
Media: Lydia Huang,
lydia.huang@zepp.com, +1-407-800-5625
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SOURCE Huami Corporation