MEDIROM Healthcare Technologies Inc. (Nasdaq CM: MRM), a holistic
healthcare Company based in Japan (the “Company” or “MEDIROM”),
today announced that MEDIROM has signed a Memorandum of
Understanding (the “MOU”) with Juju Holdings Kabushiki Kaisha
(“Juju Holdings”), an operator of home-based nursing care
facilities in Japan, to form a business alliance to jointly develop
a centralized management system utilizing the Company’s MOTHER
Bracelet™ (formerly known as MOTHER Tracker® and hereinafter
referred as “MOTHER Bracelet™”), an activity tracker, in nursing
facilities.
MOTHER Bracelet™ is the world’s first smart
bracelet equipped with the patented “thermoelectric energy”
technology, which allows the device to be powered and driven
semi-permanently by the body heat of its wearer, eliminating the
need for separate charging. The Company believes that MOTHER
Bracelet™ 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 MOU provides a general foundation for the
joint development of a central management system to allow Juju
Holdings’ staff to monitor the physical conditions, including
certain vital health data, of residents through the use of MOTHER
Bracelet™. The centralized management system is intended to
immediately notify nursing home facility management staff and
family members of sudden changes in a resident’s physical
condition. Once this system has been developed, tested and
established, it is intended for Juju Holdings to act as a sales
agent and market MOTHER Bracelet™, together with the centralized
management system, to other nursing facilities in the industry.
“We expect that the partnership with Juju
Holdings will help accelerate the acceptance of MOTHER Bracelet™ in
the nursing care industry,” said Kouji Eguchi, CEO of MEDIROM. “In
addition, the ability to receive feedback and data on the
effectiveness of the system directly from the nursing care
facilities operated by Juju Holdings will enable us to capture
changes in system requirements at nursing facilities in order to
make improvements to the centralized management system. By forming
a business alliance between the Company and Juju Holdings, we aim
to improve the working environment in the nursing care industry
through the operation of MOTHER Bracelet™, and lead to further
development.”
Forward-Looking Statements
Certain statements in this press release are
forward-looking statements for purposes of the safe harbor
provisions under the U.S. Private Securities Litigation Reform Act
of 1995. Forward-looking statements may include estimates or
expectations about our possible or assumed operational results,
financial condition, business strategies and plans, market
opportunities, competitive position, industry environment, and
potential growth opportunities. In some cases, forward-looking
statements can be identified by terms such as “may,” “will,”
“should,” “design,” “target,” “aim,” “hope,” “expect,” “could,”
“intend,” “plan,” “anticipate,” “estimate,” “believe,” “continue,”
“predict,” “project,” “potential,” “goal,” or other words that
convey the uncertainty of future events or outcomes. These
statements relate to future events or to our future financial
performance, and involve known and unknown risks, uncertainties and
other factors that may cause our actual results, levels of
activity, performance, or achievements to be materially different
from any future results, levels of activity, performance or
achievements expressed or implied by these forward-looking
statements. You should not place undue reliance on forward-looking
statements since they involve known and unknown risks,
uncertainties and other factors which are, in some cases, beyond
our control and which could, and likely will, materially affect
actual results, levels of activity, performance or achievements.
Any forward-looking statement reflects our current views with
respect to future events and is subject to these and other risks,
uncertainties and assumptions relating to our operations, results
of operations, growth strategy and liquidity. We assume no
obligation to publicly update or revise these forward-looking
statements for any reason, or to update the reasons actual results
could differ materially from those anticipated in these
forward-looking statements, even if new information becomes
available in the future.
■About MOTHER Bracelet™ The Company
believes that MOTHER Bracelet™ is the world’s first next-generation
tracker powered by the user’s body temperature, so as to eliminate
the need for separate off-body charging. Using thermoelectric
energy technology, which captures temperature differentials (known
as the Seebeck effect) and creates usable thermal energy, the
device is designed to measure the user’s activity, sleep and
calories burned 24 hours a day, 365 days a year, without the need
to remove for separate charging.
In addition, MOTHER Bracelet™ is expected to
facilitate the delivery of device-acquired data directly to
healthcare providers. In order to make it easy to collect data from
the device, the Company intends to provide a Software Development
Kit, or SDK, for solution partners. This is expected to allow
solution partners, including healthcare providers, to directly
incorporate the tracking data into their services.
The Company hopes that MOTHER Bracelet™ will
contribute to the development of more efficient services by
health-related industries, including operators of nursing care
services and fitness services and operators requiring health
information such as public transportation and others.
■About Juju Holdings Kabushiki Kaisha
Juju Holdings Kabushiki Kaisha operates 20
home-based nursing care facilities in Japan. In addition to
arranging the environment, Juju Holdings also operates educational
facilities and is committed to the education of its human resources
and is developing a wide range of businesses related to nursing
care.
For more information, please visit
https://www.jujugroup.co.jp
■About MEDIROM Healthcare Technologies Inc.
MEDIROM operates 316 (as of November 30, 2021)
relaxation salons across Japan, Re.Ra.Ku®, being its leading brand,
and provides healthcare services. In 2015, MEDIROM entered the
health tech business, and launched new healthcare programs using an
on-demand training app called “Lav®”, which is developed by the
company. MEDIROM also entered the device business in 2020 and is
developing a smart tracker “MOTHER Bracelet™” (formerly known as
“MOTHER Tracker®”). MEDIROM plans to expand the scope of its
business to include data analysis utilizing the data it has
collected since formation of the company.
For more information, please visit
https://medirom.co.jp/en
■ContactsInvestor Relations
Teamir@medirom.co.jp
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