Audeara Limited announced that it has signed a reseller agreement with Specsavers Pty Ltd. (Specsavers). This agreement represents Audeara's second large audiology network relationship. In addition to the expansion in clinics stocking products, Specsavers provides exposure to an even wider customer base, expanding reach beyond traditional audiology clinic customers.

Under the terms of the agreement, Audeara's products will be available for sale throughout Specsavers' 238 current locations offering audiology services. This agreement will lead to an increase of the total number of Australian audiology clinics stocking Audeara products by over 20%, to 1369. Audeara will commence on-boarding and initial stocking of Specsavers's clinics over the next few months, with continued growth as Specsavers expands its audiology network.

Upon completion of initial stocking, Specsavers will be the second large clinic chain in Australia stocking Audeara products. Specsavers expects to continue rollout of audiology services to its optometry store footprint. This provides an opportunity for further growth in clinics stocking Audeara products over time.

In addition to additional audiology clinics, Specsavers clinics also attract optometry customers, representing exposure to a new customer group who may have greater awareness of their hearing health or are interested in a high-quality sound experience.