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Sensear Secures AUD$7.1 Million Round of Private Funding

August 4, 2010

SAN FRANCISCO, August 4, 2010 /PRNewswire/ — Sensear, world leader in
the development and manufacture of high noise communication headsets, today
announced the completion of a private funding round, supported by existing
shareholders, totalling AUD$7.1 million. The capital infusion will be used to
strengthen global sales growth and to enhance Sensear’s award winning
technology and product range. “In a tough market for any emerging technology
company, Sensear has continued to prosper as a direct result of our
innovation answering the market’s need for hearing protection that provides
both communication and situational awareness,” said Justin Miller, Sensear
co-founder and CEO, now based in San Francisco. Sydney based private
investment firm Exto Partners managed the capital raising.

Sensear’s global growth is being driven across industries and is deployed
in the harshest and noisiest of environments, by some of the world’s largest
companies. From ice runways in Antarctica, shipyards in the UK to the mine
sites in Chile, Sensear is sold and supported via a network of hundreds of
safety distributors, two-way radio dealers and communication resellers around
the world. “We are seeing an increasing demand for high quality communication
devices that protect people in noisy environments. The growth in distribution
opportunities for Sensear products, driven by strong demand from some of the
world’s largest and most successful industrial companies, makes us confident
that the company’s rapid growth will continue,” said Peter Hammond, Managing
Director of Exto Partners.

In what is a world first, Sensear has integrated hearing protection with
all forms of communication and situational awareness to provide the most
advanced high noise communication earmuffs and earplugs on the market. Miller
adds “Our customers are very thankful for the Sensear breakthrough. The
traditional suppliers of hearing protection haven’t listened to the market,
as hearing protectors that don’t allow you to safely hear your surroundings
or communicate, are akin to safety glasses that impair your vision or a
safety boot that doesn’t allow you to walk. Sensear is changing the way
workers are able to safely communicate at high noise job sites and,
importantly, it is having a profound effect on their wellbeing and
productivity. With Noise Induced Hearing Loss (NIHL) now rated by the World
Health Organisation (WHO) as the world’s largest occupational illness, it’s a
win for employees and employers alike.”

About Sensear

Founded in 2006 in Perth, Australia, and with joint headquarters in
Perth, and San Francisco, USA, Sensear is a world leader in the development
and manufacture of high noise communication headsets. From a global network
of sales offices Sensear is selling to end users via distributors, dealers
and resellers in the majority of countries around the world. Sensear’s
patented combination of hardware and software, isolates, cleans and packages
speech while suppressing background noise to a safe level. The award winning
technology has been incorporated into both ear plug and ear muff headsets
that, whilst retaining situational awareness, enable face to face,
mobile/cell phone, short range and two way radio communication in the
harshest and noisiest of environments.

    Media Contact:

    Sensear
    David Cannington
    Chief Marketing Officer
    david.cannington@sensear.com

SOURCE Sensear


Source: newswire



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