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Search resuls for: "Oura Health"


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Oura Health Oy is releasing a new smart ring this month, Bloomberg reported. CEO Tom Hale told Bloomberg that he expects the company's annual sales to double this year, to around $500 million. In July, Samsung entered the smart ring space with the $400 Galaxy Ring, which tracks health metrics and features built-in AI capabilities. AdvertisementIn May, Samsung filed a preemptive lawsuit against Oura, declaring that its Galaxy Ring does not violate Oura's patents. Last month, analysts from research firm IDC said that the smart ring market could retain its "premium status as a select few brands still lead the category."
Persons: Tom Hale, , Oura, Harry, Apple's, Oura's Hale, Avi Greengart, Greengart, Hale Organizations: Oura Health, Bloomberg, Service, Oura, WNBA, NASCAR, Sun Valley Conference, Samsung, Apple, CNBC, IDC, Global, , Business Insider Locations: Finnish
A lawsuit filed by Masimo halted the sale of the newest Apple Watches in the US. Oura's CEO said the company, which holds many patents, will closely examine Samsung's Galaxy Ring. AdvertisementOura Health CEO Tim Hale doesn't seem worried about Samsung's plan to compete with Oura in the wearable "smart ring" market. AdvertisementSamsung's new Galaxy Ring will be a health and wellness device for tracking metrics like sleep. He conceded that some technological similarities between Oura's product and the Galaxy Ring might be unavoidable.
Persons: Tom Hale, Masimo, , Tim Hale doesn't, Hale, Oura, David, Organizations: Apple, Service, Oura, Samsung, International Trade Commission, Apple Watch
Oura Inc. and Oura Health are in a legal battle over their names. Last March, Oura Health filed a petition with the Trademark Trial and Appeal Board to cancel Oura Inc.'s trademark, claiming that the trademark could dilute Oura Health's brand and confuse consumers. If Oura Health prevails, Oura Inc. could lose its federal trademark, which would make it difficult to continue running the business without changing its name. Oura Health told Insider that both companies operate in the health and wellness industry, thus creating confusion. A representative for Oura Health said in a statement: "We first used our Oura mark long before Oura Inc. or Ouragin, Inc. were formed.
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