RALEIGH, N.C., Sept. 21, 2016 /PRNewswire/ -- Valencell, the leading innovator in wearable biometric data sensor technology, today announced it has won the Consumer Technology Association's (CTA)™ Innovation Entrepreneur Award for leadership in advancing biometric sensor technology for wearables and hearable devices. Valencell was honored as the Innovation Entrepreneur Award, 2016 Small Business of the Year.
The CTA Innovation Entrepreneur Awards program recognizes inspiring entrepreneurs, leading businesses and exceptional startups in the consumer technology industry, and the contributions they make to the U.S. economy. These individuals and small businesses in the consumer technology industry demonstrate innovation, dedication to the industry, community outreach and the tenacity to persevere through business and economic challenges.
Winners were announced today at CTA's Innovate! and Celebrate event, at the Fairmont Hotel in San Jose, CA.
"CTA is proud to honor Valencell with the Innovation Entrepreneur Award for 2016 Small Business of the Year," said Gary Shapiro, president and CEO, Consumer Technology Association. "As a trailblazer in the world of wearable technology, Valencell's passion and commitment to advancing biometric sensor technology are helping expand the potential of wearable devices – a tech category we forecast to grow almost 40 percent in the U.S. this year. The innovative spirit of companies such as Valencell is a key part of what makes our industry so remarkable and helps ensure technology is changing our lives for the better."
"We are honored to be recognized for innovation by the Consumer Technology Association, who sets the standards for excellence in the consumer electronics industry," said Dr. Steven LeBoeuf, President and Co-founder of Valencell. "This is an exciting time for the biometric wearable and hearable industry, with the convergence of accurate biometric sensor technology, maturing ecosystems, a growing array of popular form-factors, and new use cases driving the opportunity for new products. Valencell is passionate about continuing to drive further innovation in biometric wearables and hearables and we look forward to working with our partners, and industry organizations like the CTA to advance the industry."
Valencell PerformTek® sensor systems are the most accurate, robust and flexible technology available today, powering more biometric hearables and wearables on the market than any other company. The technology gives wearable and hearable devices the ability to continuously and accurately measure blood flow signals even during extreme physical activity or when the optical signals are weak. These signals can be translated into accurate, motion-tolerant biometric data, including continuous heart rate, VO2 and VO2 max, resting heart rate, heart rate response, heart rate recovery, continuous energy expenditure (calorie burn), cardiac efficiency and heart rate variability assessments.
Valencell licenses its biometric sensor technology through product licensing and patent licensing, to enable customers to create custom-designed biometric hearable and wearable devices. Valencell also introduced Benchmark™, a turnkey biometric sensor system with the complete PerformTek technology package ready for immediate integration into wearable and hearable devices.
Valencell has the most cited patent portfolio in wearable PPG in the industry, which includes 37 patents granted and more than 70 additional patents pending.
The accuracy of Valencell's PerformTek technology has been independently validated by numerous research institutions, including Duke University, NC State University, and the American College of Sports Medicine.
CTA is the trade association representing the $287 billion U.S. consumer technology industry. CTA also produces CES® – the world's gathering place for all who thrive on the business of consumer technology.
Valencell develops performance biometric sensor technology and licenses this patent-protected technology to consumer electronics manufacturers, mobile device and accessory makers, sports and fitness brands and gaming companies for integration into their products. Valencell's PerformTek® biometric sensor technology employs biophysical signal characterization to actively characterize biophysical signals for removing physical noise and extracting highly accurate biometric information. Valencell's PerformTek-powered sensors are the most accurate wearable biometric sensors that continuously measure heart rate and activity. Valencell has invested years into the research and development of its PerformTek sensor technology, protected by dozens of granted patents and independently validated by the Duke Center for Living, North Carolina State University, the Human Performance Laboratory and a fellow of the American College of Sports Medicine.
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