H&D Wireless Receives Order for Revolutionary EU Project for Osteoarthritis Treatment-order Value SEK 5.5 M

Stockholm (ots/PRNewswire) -

Nasdaq First North - listed H&D Wireless AB has been selected as
an IoT partner in a European research consortium that aims to greatly
reduce the disease of osteoarthritis. H&D Wireless will contribute
with the Internet of things (IoT) solution based on the company's
proprietary Griffin ® IoT Cloud platform. The agreement is worth SEK
5.5 million for H&D Wireless, half of which is paid at the start of
the project in Q1 2019. The project is fully financed by the EU.

(Logo:
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Osteoarthritis is a population disease that affects approximately
one in four Swedes over 45 years of age and in average 10% of the
population. In total, the EU estimates that 40 million are affected,
which is estimated to double within 10 years as a result of ageing
populations and increased obesity. The market for osteoarthritis is
expected to increase from 1.4 billion EUR 2016 to 3.1 billion EUR by
GlobalData. The consortium that has chosen the H&D Wireless as
partner has eight participating players under the leadership of one
of Europe's most reputable universities in the field. In addition to
customizing the Griffin-IoT platform for this application, H&D
Wireless delivers radio communication for sensor reading and dosage,
mobile app for both doctor and patient and a secure cloud platform
for testing and prototyping. The project will be conducted within
business unit LABS and is funded at 100%.

"That we have been selected as partners in an advanced research
project for new healthcare shows how far ahead we are within IoT, but
also that our solution is very versatile. Griffin is an IoT platform
that is flexible and scalable and manages to handle a lot of data in
a secure way and with this project we take a step forward to help
digitize healthcare," says Pär Bergsten, CEO of H&D Wireless.

The project will start in January 2019 and runs through December
2022. More detailed information regarding the project will be
distributed in February 2019.

This information is such information as H&D Wireless AB is
required to publish under the EU market abuse regulation. The
information was provided by below contact person, for publication
08:00 CET January 14, 2019.

About H&D Wireless:

H&D Wireless is a Swedish provider of Internet of Things
technology and services (IoT) and Real-time positioning (RTLS + GPS)
with Griffin® IoT cloud platform and GEPS(TM). H&D Wireless was
founded in 2009 and has over 1 million wireless products delivered so
far for IoT and M2M solutions worldwide. The company develops and
delivers solutions that digitize and visualize physical processes,
identifying, among other things, the handling of materials, tools and
machines with its proprietary GEPS(TM) (Griffin Enterprise
Positioning Service) solution. H&D Wireless shares are listed on
Nasdaq First North in Stockholm since December 2017.

http://www.hd-wireless.com

ots Originaltext: H&D Wireless AB
Im Internet recherchierbar: http://www.presseportal.de

Contact:
+46-708-274-557 /+46-8-551-18-460
Email: investors@hd-wireless.se or sales@hd-wireless.se
Web: www.hd-wireless.com

Original-Content von: H&D Wireless AB, übermittelt durch news aktuell