Masimo partners with Qualcomm to develop next-generation smartwatch reference platform for original equipment manufacturers Page 1

Masimo (NASDAQ: MASI), a leading global medical innovator, and Qualcomm Technologies, Inc., whose Snapdragon-branded platforms enable exceptional customer experiences, today announced that Masimo is partnering with Qualcomm Technologies to develop a next-generation smartwatch reference platform for original equipment manufacturers (OEMs) building smartwatches running Wear OS by Google. Masimo’s powerful combination of clinically proven, breakthrough biosensing technologies – based on decades of experience developing industry-leading hospital monitoring solutions – and best-in-class Snapdragon wearable platforms will help scale the wearable ecosystem. Shaping the future of wearable devices, the reference platform will enable OEMs to build and bring high-performance, premium smartwatches to market more efficiently. The platform will also benefit from a robust suite of health and wellness tracking tools from Masimo that consumers can rely on to deliver accurate and reliable data; it will use only high-performance and ultra-low-power system-on-a-chip (SoCs) and industry-leading wireless and cellular communications systems from Qualcomm Technologies to enable a superior connectivity experience.

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Qualcomm Technologies and Masimo (Photo: Business Wire)

Joe Kiani, Founder and CEO of Masimo, said: “We are delighted to partner with Qualcomm Technologies, who we are also supplying with the chips for our upcoming Masimo Freedom wearable, to develop a truly remarkable reference platform. This platform is driven by the belief that when key components for smartwatches are supplied by the leading experts in their field, the harmonious whole creates something even greater than the sum of those excellent parts. In short, Qualcomm Technologies and Masimo engineers are working together to optimize the “innards” of the smartwatch. Masimo’s ability to develop precise monitoring technologies and advanced signal processing algorithms, combined with carefully engineered, high-performance, low-power Snapdragon systems, is a compelling foundation. We expect this new wearable platform will increase the ability of smartwatch OEMs to develop competitive, desirable smartwatches for consumers everywhere. I look forward to partnering with a company like Masimo, known for its commitment to innovation.”