Praesidium Inc. Announces Commercial Agreement for their Patented Smart Sleep Technology
Utah-based Praesidium, Inc. has finalized a commercial agreement with two business partners securing the plans to launch their innovative, next generation “Smart Sleep” mattress early next year. The partners include a leading domestic foam mattress manufacturer and Prius Healthcare – a therapeutic support surface innovator.
The company, staffed by the experts who specialize in non-contact vital sign detection, have spent the past year in a committed R&D phase to create their new Smart Sleep technology. Between Praesidium’s health industry expertise and their business partner’s knowledge of mattresses and therapeutic support, their new technology is set to revolutionize the growing space of Smart Sleep.
The company’s patented BioFi technology will allow consumers to adjust the pressure in their mattress in all the traditional ways while tracking their critically important quantitative vital statistics (eg. heart rate, heart rate variability, bed exits, etc.). Combined with machine learning, the mattress can smartly adjust its own pressure while you sleep in response to your varying vitals in real time.
The commercial agreement includes significant volume guarantees for Praesidium’s BioFi sensors and technology over the next several years with initial geographic sales reach concentrated in North America, but quickly scaling throughout Europe and certain Asian markets. Minimum revenue estimates from this commercial agreement approach $70M for Praesidium’s BioFi technology and sensors. More definitive launch plans and additional press releases will be forthcoming from the collaborators as the 2023 launch approaches.
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