Envoy Medical investor discusses Apple AirPods Pro 2 hearing aid announcement

Envoy Medical (COCH) highlights an interview with key investor Glen Taylor on Fox Business News “The Claman Countdown” in which he commented on the news that Apple’s (AAPL) new AirPods Pro 2 can be used as hearing aids. In the interview, Mr. Taylor was asked whether he was worried about Apple entering the hearing technology market, and he discussed how he believed it could be additive to Envoy Medical’s product offering. Mr. Taylor noted that due to Envoy Medical’s fully implanted devices taking in sound through the ear, devices like the AirPods Pro 2 could potentially work in concert with Envoy Medical’s fully implanted devices. Envoy Medical’s hearing devices are not hearing aids, but rather fully implanted hearing devices for a particular subset of hearing loss. Envoy Medical CEO, Brent Lucas stated, “Our hearing implants are different from other hearing implants in that ours use the ear to pick up sound. We sometimes refer to it as ‘Nature’s Microphone.’ The device design of our hearing implants allows recipients to use the ears for other things, such as external electronics, earbuds, or even hearing aids. Once the market appreciates why we believe this is going to be a differentiator, we believe it will increase excitement around our fully implanted hearing implants and the flexibility they can provide to certain patients.”