LONDON: EKF Diagnostics Holdings plc (AIM: EKF), the AIM-quoted global diagnostics business, announces that it has signed an asset purchase agreement with Sweden based Beep Insights AB in relation to its Beep Insights Technology, an IOS and Android software application that combines data from sports performance wearables connected via Bluetooth with real-time glucose and lactate tracking to give personalised metrics to improve sport’s performance training.
The assets that have been acquired will strengthen EKF’s Sports Performance product range, specifically the Lactate Scout Sport, which is already compatible with the Beep Insights application.(a hand-held lactate analyzer).
EKF has been working with Peter Alex, CEO of Beep Insights, and his team to integrate the Beep Insights Technology
from their software application to better determine lactate threshold in a more accessible way and improve sports training outcomes. Following the asset purchase, Peter Alex will join the EKF team and will look into developing the use of AI within performance training and how this can be integrated into the Beep Insights Technology now owned by EKF. Peter has a degree in Cognitive Science and a Masters in Interaction and Design in Engineering.
Commenting, Gavin Jones, Chief Executive Officer, said: “Whilst working with Beep Insights we have been highly impressed with how well their data handling application seamlessly connects with our handheld Lactate Scout Sport device, enabling, fast and accurate lactate threshold testing for sports performance athletes at all levels. The acquisition of this technology is an exciting step forward for EKF’s Sports Performance division as we look to enable athletes of all abilities access to data to drive improved training outcomes.”