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MEDIROM Healthcare Technologies Inc., headquartered in Tokyo, Japan, announced that the Company has entered into a Master Manufacturing Agreement with Sanei Electronics Co., Ltd., Tokyo, Japan, with respect to the production of the Company’s MOTHER Tracker®, an activity tracker, and has commenced preparations for production and shipment. Sanei is subcontracting with Canon Electronics Co., Ltd., Chichibu, Japan for part of the production.
MOTHER Tracker® is the world's first smart bracelet equipped with the patented "thermoelectric energy” technology invented by Matrix Industries, Inc., located in Menlo Park, California. It allows the device to be powered and driven semi-permanently by the body heat of its wearer, eliminating the need for separate charging. This overcomes the longstanding challenge of wearable devices with limited charge duration. Launched by the Company in 2020 at CES (Consumer Electronics Show) in the United States, MEDIROM believes that MOTHER Tracker® is currently the only activity tracker designed to measure heart rate, body temperature, activity, sleep, and calories burned 24 hours a day, 365 days a year, without the need to remove for separate charging.
The Agreement provides a general foundation for Sanei to commence manufacturing, with detailed terms to be set forth in separate purchase orders.
“By collaborating with Sanei, which has been providing technical support and selling electronic components for more than 50 years, couple with Sanei’s subcontracting with Canon Electronics, which has solid technological capabilities and is responsible for numerous MADE IN JAPAN products, we believe this business alliance will realize operational efficiency, cost reduction, and quality improvement, with expected high-quality manufacturing. Together with Sanei and Canon Electronics, we look forward to making a global impact on people’s health and well-being with MOTHER Tracker®,” commented MEDIROM CEO, Kouji Eguchi.
Although MEDIROM initially expected the activity tracker to be manufactured outside of Japan, the COVID-19 pandemic highlighted potential difficulties in managing an overseas production process. Consequently, the Company decided to contract with local Japanese manufacturers for initial production.
“Canon Electronics has long been known for its high-standard manufacturing, service, and brand power in developing, producing, and selling precision machinery, information equipment, and other products and has been highly valued by customers for more than 60 years. Canon has been quick to respond to the needs of specialized fields, such as stability of accuracy, time reduction, and user-friendly operation,” noted Mr. Eguchi. “We believe that this partnership will prove successful for both companies and look forward to further collaboration opportunities.”