Transtek Medical

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Transtek Medical
Native name
乐心医疗[1]
Company typePublic
SZSE: 300562
Founded2002
FounderWeichao Pan
Headquarters
Zhongshan[2]
Productsscales, BP monitors, wearable devices
Websitetranstekmed.com

Transtek Medical (Chinese: 乐心医疗; SZSE: 300562; simply as Transtek[3]), commonly known as Lifesense,[4] fully referred to as Guangdong Transtek Medical Electronics Co., Ltd.,[5] is a Chinese wearable device maker[6] that also focuses on the field of mobile health.[7] The company was founded by Weichao Pan in 2002,[8] with its main products being home medical and health electronics,[9] such as scales, smart bracelets[10] and blood pressure monitors.[11]

According to IDC, the company shipped one million units of wearables in the second quarter of 2016,[12] ranking fifth in the global wearable devices market,[13] coming in behind Fitbit, Apple and Garmin.[14] Transtek's IPO application was approved by the CSRC in October 2016.[15] On November 16, it landed on the Shenzhen Stock Exchange[16] with the ticker symbol "300562.SZ".[17]

History[edit]

In 2014, Transtek released a health tracking device called "Mambo".[18] It became one of the top five wearable producers worldwide in Q2 2016.[19] In October, the company rolled out the Lifesense Band 2, featuring the collection of heart rate data.[20]

Transtek was listed on the SZSE in November 2016, with Great Wall Securities as its lead underwriter.[21] On October 10, 2017, it signed a cooperation agreement with US-based Cooper Aerobics.[22]

In December 2017, Transtek set up a medical industry fund.[23] In 2019, the company launched its own brand of smart sports watches.[24] Its blood pressure monitors got the 510(k) clearance from the FDA in March 2021.[25]

References[edit]

  1. ^ "Have you heard of the blockchain toothbrush?". Korea Central Daily. May 11, 2018. Archived from the original on August 8, 2022.
  2. ^ "Guangdong Transtek Medical Electronics Co., Ltd., Application for Equipment Authorization FCC Form 731 TCB Version". Federal Communications Commission. September 12, 2020. Archived from the original on August 8, 2022.
  3. ^ Li Dongmei (November 16, 2016). "Banyan Capital-Backed Chinese Wearables Maker Transtek Completes Domestic IPO". China Money Network.
  4. ^ "China in the Digital Age: Building a Globally Competitive New Economy" (PDF). McKinsey & Company. 14 Mar 2018. Archived (PDF) from the original on July 5, 2022.
  5. ^ "Guangdong Transtek Medical Electronics Plans A-Share Private Placement To Fund Projects". Reuters. May 19, 2020.
  6. ^ "Digital China: powering the economy to global competitiveness" (PDF). McKinsey & Company. 18 December 2017. Archived (PDF) from the original on March 7, 2021.
  7. ^ "Transtek Medical Listed on GEM of Shenzhen Stock Exchange". Caixin. November 16, 2016.
  8. ^ "Transtek Medical (300562.SZ) soars 44.02% on its first day of trading". Ta Kung Pao. November 17, 2016. Archived from the original on 2022-07-27.
  9. ^ The New Vision of Investment (IV): Big Health. Social Sciences Literature Press. 2018. pp. 272–. ISBN 978-7-5201-2767-7.
  10. ^ "Transtek Medical Launched Ziva Smart Band". Ta Kung Pao. December 22, 2017. Archived from the original on 2017-12-22.
  11. ^ Rui Zhu (May 20, 2021). "Prediction of the Hypertension Risk of the Elderly in Built Environments Based on the LSTM Deep Learning and Bayesian Fitting Method". ProQuest. Archived from the original on August 15, 2022.
  12. ^ Tiernan Ray. "Fitbit Leads Wearables as Apple Watch Share Plunges, Says IDC". Barron's. September 9, 2016. Archived from the original on 2022-07-27.
  13. ^ Moscaritolo, Angela (September 7, 2016). "Basic Wearables More Popular Than Feature-Rich Ones". PCMag.
  14. ^ Patrick Seitz (Sep 6, 2016). "Fitbit Exercises Its Dominance In Wearables As Apple Wheezes". Investor's Business Daily.
  15. ^ Zhang Xiliang. "CSRC approved 14 companies' IPO applications, with total fundraising expected to not exceed RMB 10.1 billion". Reuters. October 29, 2016.
  16. ^ Lin Qi (November 16, 2016). "Bank of Shanghai and Transtek Medical go public today". Reuters.
  17. ^ "Significantly Regulated Organizations Added - September 2017". Food and Drug Administration. 19 September 2017.
  18. ^ Jennifer Booton (September 7, 2016). "Apple's share of the wearable market drops by half". The Wall Street Journal. Archived from the original on 2022-07-27.
  19. ^ Maghan McDowell. "Basic Wearables More Popular Than Smart Wearables". WWD. September 6, 2016. Archived from the original on 2022-07-27.
  20. ^ Sonia Ponzo (August 19, 2021). "Measuring Interoception: The CARdiac Elevation Detection Task". Frontiers in Psychology. 12: 712896. doi:10.3389/fpsyg.2021.712896. PMC 8416769. PMID 34489814.
  21. ^ Lin Qi. "Schedule of Announced IPOs in China - Nov. 16". Reuters. November 16, 2016.
  22. ^ "Transtek Medical signs cooperation agreement with Cooper Aerobics". Reuters. October 11, 2017.
  23. ^ "Guangdong Transtek Medical Electronics sets up medical industry fund with partner". Reuters. February 1, 2018.
  24. ^ Zhang Anqi. "Huami Technology's wearable device shipments reached 42.3 million units". Xinhua News Agency. 2020-04-03. Archived from the original on August 7, 2020.
  25. ^ "510(k) Premarket Notification". Food and Drug Administration. March 17, 2021.
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