MCLEAN, Va., Nov. 22, 2011 (GLOBE NEWSWIRE) -- Exmovere Holdings, Inc., a biomedical engineering company listed on the Frankfurt Stock Exchange under the symbol X3M (ISIN: US3020862021), today announced that they have executed a strategic partnership agreement with Jetlog Corporation. The intent of the partnership is to provide a combined technology and marketing front that utilizes both company's biofeedback and psychophysiology devices to gain more market traction in the field of aviation safety. Innovative products developed by and from the partnership will expand the capabilities of both companies to win contracts from airlines, airports and homeland security agencies around the world.
Exmovere Holdings Inc. focuses on emotion detection through a combination of today's technologies and proprietary or patented intellectual property. The hardware and sensors in common devices like personal computers, smartphones and wristwatches combined with software and algorithms designed to track and report human biophysical data are built into all Exmovere products. As examples, the company's Chariot – a personal mobility and transportation pod designed for the disabled – or the company's Exmobaby infant apparel – biosensor pajamas that continuously report baby's biodata – contain hardware, software and complex formulas designed to detect and report the emotions and mental state of the wearer.
Jetlog Corporation has focused for over 10 years on pioneering the Fatigue Management industry and defining the forefront of advancing Power Napping technologies with highest standards of quality, reliability, and usability. The company's highly differentiated research-enabled technology has moved from controlled clinical environments into applications for operational real-time conditions, specifically in transportation, travel, and industrial markets. Jetlog has several power-napping recovery products designed to deliver Maximum Fatigue Recovery in Minimum Time™.
According to David Bychkov, CEO of Exmovere Holdings, "The strategic alliance with Jetlog provides us with an opportunity to integrate our emotion detection algorithms into products that are already in use across much of the U.S. and Europe. We are especially delighted to be able to form an alliance with another company that provides a key focus on improving the quality of life for today's industrial societies. The potential for expanding Exmovere's reach and distribution in the U.S., Germany and throughout Europe by way of the Jetlog customer and contract base provides us with an unparalleled opportunity to grow our own business. And, with the combined resources of both companies, we expect to bring truly innovative, co-branded products to market quickly that will make a difference in people's lives – reducing fatigue, burnout and stress."
Jetlog Corporation – a Silicon Valley startup – has corporate offices in both San Mateo, California in the U.S. and in Hanover, Germany. The strategic alliance with Exmovere will provide a way for the company to integrate biophysical monitoring and fatigue detection within its products and offerings. Today, the company's products provide power napping functionality within commonly used technology formats like Apple computers widgets, smartphone apps and travel pillows. Based on the clinical research the company has done, and in combination with leading experts in addressing fatigue, Jetlog has successfully built a broad customer base and government contract business. With a focus on providing 24x7 readiness in an ever-increasing, non-stop world Jetlog provides products that meet the high standards of NASA, Lufthansa and SAS in the transportation sector.
Karim Daghbouche, President of Jetlog Corporation recently stated, "Partnering with Exmovere is a winning proposition for our company, clients, customers, and the community. Exmovere is another integrated, innovative research and development company that further enhances, differentiates, and adds value to our biofeedback devices. We looked at the marketplace and selected Exmovere based on its sophisticated technology, development experience, and the flexible integration options that will allow us to take this offering to market quickly."
Both companies are well-grounded in biofeedback and human factors research. Exmovere brings a substantial depth of experience in psychophysiology to the new alliance, along with well-established biomedical engineering development systems and processes. Jetlog's contribution to the partnership includes development of a product delivery infrastructure to a large customer base and government supported contracts in the aviation industry, as well as innovative product development in highly targeted market segments. By combining resources and creative talents, both Exmovere and Jetlog will be stronger, larger companies in both the U.S. and Germany.
Robert Doornick, member of the Board of Directors at Exmovere Holdings and President/Founder of International Robotics, said, "About the strategic alliance with Jetlog Corporation, here at Exmovere Holdings we are especially excited to be partnering with another company involved in biofeedback products. The depth of research experience, key industry contacts, and business successes at Jetlog – when combined with Exmovere's emotion detection algorithms, creative product development systems, and marketing focus will make a very powerful combination for detecting fatigue and providing innovative, technology-based products people can use to feel better."
About Exmovere Holdings Inc.
Exmovere Holdings, Inc. (Frankfurt:X3M) is focused on government and consumer applications for healthcare, mobility, and security and the practical applications of the study of human emotion. The Chariot, Exmobaby pajamas, and the Telepath wristwatch are instrumental in the build out of this vision as a solid representation of Exmovere's push into enhancing human mobility, infant safety, and telemedicine. The company plans on continuing along a path of solid and emotional driven design with a product offering that changes the way people look at the world. The company believes these products will continue to be on the cutting edge and establish paradigm shifts in the markets we serve. Further inquiries into any of our exciting and innovative product offerings or our plans for go-to-market introductions during 2011 should be directed to the contact person listed below.
The Exmovere Holdings, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7861
Certain of the above statements contained in this press release contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Actual results, events, and circumstances (including future performance, results, and trends) could differ materially from those set forth in such statements due to various factors, risks, and uncertainties, including, but not limited to, risks associated with the company's future growth and operating results, the uncertainty of market acceptance of the company's products, technological change, competitive factors, and general economic conditions. Except as otherwise required to be disclosed in periodic reports required to be filed by companies registered under the Exchange Act by rules of the Securities and Exchange Commission, the company has no duty and undertakes no obligation to update such statements.