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Knowles CEO: Smartphone Sales Surging, "Wearable Technology" Soon

Ramping up R&D spending will be a priority now that Knowles Corporation has been spun off from Dover Corp., says the newly independent company's CEO Jeffrey Niew. Knowles is the number one global supplier of microphones, one of the top three suppliers of speakers and receivers, and the number one global supplier of hearing aid solutions. Niew says the top end market for his products is currently smartphones, though he sees big sales opportunities coming from "wearable technology" in the future.