Mike Dennison of Flextronicsdelivered the keynote, focusing on the need to innovate more quickly now that customers are making their demands known. One result of this shift is the shortening of product lifecycles, from 18 months in 2005 to 9 months in 2014. Dennison also pointed out the giant shifts in industry, with 86% of Fortune 500 companies now defunct, emphasizing the need for rapid adjustment. Dennison anticipated focusing less on the FDA and more on meeting consumer needs over the next five years.
“Hearables Can Solve Some Real Problems”
David Cannington, co-founder of Nuheara, spoke about the world’s first adaptive hearables: an assisted listening device, Bluetooth ear piece, and noise-canceling headset, all in one.
♦Flex design, build, ship and service complete packaged consumer and industrial products for some of the world’s largest technology manufacturers including Fitbit, Apple, Cisco, Hewlett Packard, Lenovo, Microsoft, Huawei & Ericsson.
♦Flex’s expansive global infrastructure includes 27 sites and approximately 11,000 employees strategically located throughout the Americas, Europe, and Asia, thereby providing Nuheara with the potential to distribute stock direct to retail outlets globally.
♦ NUH has a market cap of ~$30 million, and has a partnership with Flex, who have a market cap of ~$7.2 billion
