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Wired News – Huami Acquires Core Assets of Multi-Sport Sensor Firm Zepp International

Stock Monitor: CyberOptics Post Earnings Reporting

LONDON, UK / ACCESSWIRE / July 30, 2018 / If you want access to our free research report on Huami Corp. (HMI), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=HMI as the Company's latest news hit the wire. On July 26, 2018, the Company announced that it has inked a deal to acquire the core assets of Zepp International Ltd (“Zepp”), which is a leading multi-sport sensor technology based in San Jose, California, for an undisclosed sum. Register today and get access to over 1,000 Free Research Reports by joining our site below:

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Acquisition will Expand Huami's Footprint in the Sports Training Analytics Field

This transaction is expected to significantly expand Huami's footprint in the sports training analytics field by providing new sports products market and global product development opportunities, as well as deepening Huami's technological expertise in motion and activity-driven analysis. The well-established brand and business channel of Zepp will also help the Company in expanding global sports brands partnerships, as well as in entering the premium sports products market.

Huami can also capitalize on Zepp's talented research and development (R&D) team and its vast patent portfolio to further develop activity data-driven product offering. Zepp's strong brand and established partnerships with some of the leading sports equipment manufacturers, such as HEAD Tennis and Yonex Badminton, will further help the Company to expand the premium sports products market.

Huami Expects to Leverage Zepp's Deep Experience and Established Partnerships to Broaden its Feature-Rich Product Portfolio

Commenting on the acquisition, Wang Huang, Chairman and Chief Executive Officer (CEO) of Huami, stated that the Company is delighted to be entering into this agreement and is excited about the expanded market and global product development opportunities in the sports training analytics field that this transaction brings to the table. Huang added that Huami expects to leverage Zepp's deep experience, mature products, and established partnerships to broaden its feature-rich product portfolio and utilize its strong distribution channels to capture growing opportunities in this segment of the sports industry.

Huami's Acquisition of Core Assets of Physical Enterprises Inc.

Huami also announced the acquisition of the core assets of Physical Enterprises Inc. (“PEI”), which was previously controlled by the Adidas Group. PEI is an industry-leading pioneer in fitness wearables and accurate heart rate monitoring with strong algorithms capability. The developed software technology Huami acquired from PEI will help the Company by utilizing proprietary algorithms for estimating cardiorespiratory fitness. This transaction will also help Huami on the sports and fitness market strategy along with the Zepp transaction.

Huami Collaborated with PAI Health to Offer Health Risk Services to the Insurance Industry

On July 19, 2018, the Company signed a partnership agreement with PAI Health, which is a health technology software Company. This partnership combined Huami's massive biometric database, collected by high quality smart wearable devices and 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, which is a growing global health problem. To effectively reach individuals in need of help, the Companies are partnering with many channels within the healthcare ecosystem including insurers, healthcare providers, and employers. Huami and PAI Health will be rolling out pilot programs with insurance clientele utilizing proprietary algorithms for estimating cardiorespiratory fitness.

About Zepp International Ltd

Established in 2010, Zepp is one of the first Companies in the world to engage in motion smart hardware design. With industry-leading sensor algorithms and motion modeling technologies, Zepp provides instant, quantitative motion analysis to help users make timely adjustments to their training program.

About Huami Corp.

Founded in 2013, Huami is a biometric and activity data-driven organization with a significant expertise in smart wearable technology. Huami designs and manufactures self-branded smart wearable products under the brand Amazfit, including the Pace, Stratos, Arc, Cor, Bip, Moonbeam, and Equator. Huami is the sole partner of Xiaomi for Xiaomi wearable products, including Mi band series. 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.

Stock Performance Snapshot

July 27, 2018 - At Friday's closing bell, Huami's stock dropped 2.56%, ending the trading session at $9.53.

Volume traded for the day: 100.96 thousand shares.

Stock performance in the last month – up 5.54%; and previous three-month period – up 5.77%

After last Friday's close, Huami's market cap was at $591.91 million.

Price to Earnings (P/E) ratio was at 21.86.

The stock is part of the Technology sector, categorized under the Scientific & Technical Instruments industry.

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