Synchrony and Sleep Number announced that they have renewed their longtime financing partnership, which includes new joint investments from both industry leaders. Their commitment will continue to focus on exceptional customer experiences and make Sleep Number's sleep and wellness solutions attainable for more consumers. The multi-year agreement deepens the two companies' nearly 20-year relationship and draws on their trajectory of innovation in their respective industries.

To build upon their success, new areas of collaboration are planned to include: Investing in advancements, including consumer payment choices; Deepening personalization; and Increasing customers' access to credit. With a purpose of improving the health and wellbeing of society through higher quality sleep, Sleep Number pioneered multiple breakthroughs in sleep and wellness technology. Its 360® smart bed platform automatically adjusts and effortlessly responds to the needs of each sleeper for proven quality sleep.

Since 2017, the smart beds have improved the lives of millions of people in the Smart SleeperSM community through individualized insights, plus science-backed features including daytime alertness tracking, circadian rhythm insights and nighttime heart rate variability. Real-world sleep data captured from 360 smart beds is also being used by the sleep health and research institutions to study disease prediction, diagnosis and treatment in a noninvasive, ecologically valid manner. To date, the smart beds have captured over 16 billion hours of proprietary data from Sleep Number's Smart Sleeper community.

In October, Sleep Number will launch its newest breakthrough, the Climate360™ smart bed, the only smart bed to actively cool, warm and effortlessly respond to each sleeper. Informed by the latest in sleep science, the Climate360 smart bed helps address temperature during sleep, with 80% of couples reporting one or both partners sleep too hot or cold. The result is a personalized microclimate that is designed to work with the body's natural sleep cycles, keep each sleeper at their ideal temperature and help deepen sleep.

Complementing Sleep Number's expertise, Synchrony's leadership in deriving data-driven insights from consumer purchase and credit data will enable the companies to deliver on the next generation of credit decisioning and customer payment experience. This leadership is pivotal to making the health and wellness benefits of the 360 smart bed widely accessible and attainable to more sleepers.