#United States #Dallas #Somnigroup #Fullpower-AI #Sleeptracker

Somnigroup Expands Its Relationship with Fullpower-AI

In a significant move that highlights the ongoing evolution of the sleep technology sector, Somnigroup International Inc. (NYSE: SGI) has announced an expansion of its partnership with Fullpower-AI®, a pioneering provider of biosensing AI solutions. This development marks a new chapter in their collaboration, which has been underway since 2019, focusing on leveraging advanced technology to improve sleep quality for consumers worldwide.

Major Investment and Stake Acquisition

To solidify this partnership, Tempur Sealy, a fully owned subsidiary of Somnigroup, is committing a substantial investment of $25 million in Fullpower. This financial move will secure Tempur Sealy approximately a 15.6% equity stake in the company. The investment is strategically aligned with Somnigroup's vision of harnessing cutting-edge technology to enhance the consumer experience in the bedding space.

The Power of Sleeptracker Technology

The Sleeptracker-AI technology, developed by Fullpower, has already proven its capability by enabling the TEMPUR-Ergo® Smart Base collection to track over 250 million nights of sleep. This technology offers invaluable insights into sleep patterns, allowing consumers to achieve better sleep quality through data-driven recommendations.

Furthermore, Somnigroup and Fullpower have decided to extend their exclusive partnership through 2036. This contract not only allows Tempur Sealy to continue embedding Sleeptracker technology into its products but also secures ongoing access to one of the industry's most sophisticated AI-driven sleep platforms. This extension is critical for both companies as it ensures that consumers will continue to benefit from personalized sleep insights and coaching, tailored to their unique needs.

Enhancing Consumer Insights and Product Solutions

The relationship goes beyond mere technology; it enables Tempur Sealy to utilize aggregated sleep data from Sleeptracker to gain a deeper understanding of customer behaviors. This access to rich data will empower the company to develop and refine more targeted product solutions, ultimately leading to improved consumer satisfaction.

Scott Thompson, Chairman and CEO of Somnigroup, has emphasized the importance of this strategic investment, stating, "This commitment underscores our dedication to innovation and our focus on enhancing the consumer experience through smarter solutions." He further highlighted that the partnership with Fullpower positions Somnigroup at the forefront of bedding innovation, a critical factor in a highly competitive market.

About Somnigroup

Somnigroup International is recognized as the world's largest bedding company, dedicated to enhancing individuals' lives through better sleep. With a robust portfolio that includes renowned brands such as Tempur-Pedic®, Sealy®, and Stearns & Foster®, Somnigroup operates in over 100 countries. The company excels in design, manufacturing, and retail, thereby delivering innovative sleep solutions to meet the evolving needs of consumers globally.

About Fullpower-AI

Fullpower-AI is revolutionizing the health and wellness sectors through its no-code and API KOA platform, which is engineered for scalable biosensing applications. This platform allows for the deployment of autonomous AI agents capable of real-time reasoning and adaptive learning, significantly transforming the way care teams interact with users. By aggregating data across major wearable devices and sensors, Fullpower is poised to enhance user engagement and ultimately improve the care experience.

The alliance between Somnigroup and Fullpower-AI illustrates a promising future where technology and sleep science converge to create smarter, more effective solutions for consumers seeking restful and restorative sleep.